Spring Forward, Fall Into New Margin Rules
by Jaime A. Madell
Welcome to the inaugural post of the Kirkland Derivatives Download! Thank you for reading.
Today we touch on margin requirements for uncleared derivatives. This topic generates frequent questions — which makes sense given how often the landscape has changed since various regulators worldwide started finalizing uncleared margin regulations. We’ve all been living with the margin rules promulgated by the CFTC and the various prudential regulators (OCC, FDIC, etc.) for some time. With new SEC rules and an updated FINRA proposal, however, the status quo will change. (Continue reading)