Insights
The CFTC Votes to Provide Firms More Time and Clarity Around Initial Margin for Uncleared Swaps
Patomak Post Jamila Piracci, Jill SommersThe Commodity Futures Trading Commission (CFTC) voted 5-0 during its open meeting on May 28 to adopt an interim final rule to extend the September 2020 compliance date (Phase 5) for regulatory Initial Margin (IM) , to September 1, 2021.
Upcoming CFTC Meeting may Bring Margin of Relief
Patomak Analysis Jamila Piracci, Jill SommersOn Thursday, May 28, the CFTC will hold a public meeting to consider extending the compliance schedule for initial margin requirements for uncleared swaps in response to the COVID-19 pandemic, in line with the Global Markets Advisory Committee recent endorsement of subcommittee recommendations.
