ISDA CEO Recognizes Regulators for Providing Flexibility to Meet Variation Margin Deadline
ISDA CEO Scott O'Malia recognized regulators for "well-coordinated action" that provides greater "flexibility to derivatives users in their attempts to meet a March 1 deadline for posting variation margin on their non-cleared derivatives trades." In a derivatiViews blog post, Mr. O'Malia stated that the delay will not cause an increase in systemic risk, and that the regulatory flexibility will allow the derivatives industry to avoid potential market disruptions. He also stated that the "industry remains committed to completing the necessary work as quickly as possible."
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