Hope fades for threshold hike in new IM rules
Smaller buy-side firms could still escape compliance burden via expected regulatory guidance
There is bad news and good for swaps users hoping to avoid the market’s new initial margin regime.
Regulators are expected to rebuff lobbying calls for a global rule change that would raise the compliance threshold for the final phase of the regime’s roll-out – excluding hundreds of smaller firms from a feared ‘big bang’ in September 2020. But they may be open to guidance that would have a roughly similar effect.
“Based on what I’m hearing, I’m not optimistic the threshold gets raised at this
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