Asifma: Asian focus on smaller counterparties for IM rules
Initial margin regime, conduct principles and China's lifting of FX restrictions are focus of Asian trade body, says Ball
Asia is not necessarily less prepared than other jurisdictions when it comes to the final phases of the delayed initial margin (IM) rules, says John Ball, managing director of the global FX division for Asia-Pacific at the Global Financial Markets Association (GFMA).
However, there are still small counterparties that are less prepared than others as they are not so aware of the incoming regime, he adds, and questions remain as to how many smaller firms will be affected.
“For asset managers
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