Delta Strategy Group Update: Basel and IOSCO Final Framework for Minimum Margin Requirements

The Delta Strategy Group released an update regarding the Basel Committee on Banking Supervision's and the International Organization of Securities Commissions' ("IOSCO") final framework for margin requirements for non-centrally cleared derivatives released on September 2.Under these global standards, all financial firms and systemically important non-financial entities that engage in non-centrally cleared derivatives will have to exchange initial and variation margins commensurate with the counterparty risks arising from such transactions.

See: Click here to see the Basel Committee and IOSCO Update from Delta Strategy Group.See also: Basel Committee and IOSCO Release Margin Requirements for Non-Centrally Cleared Derivatives Final Framework (September 3, 2013).