Covid 19 UMR Delay – National Regulators Status
Since the BIS recommendation for an additional 1 year delay to UMR, where do national regulators stand? Quick progress being made by regulators to confirm BCBS/IOSCO’s recent guidance to delay
April 17, 2020 - Editor
Category: Regulation
Since the BIS recommendation for an additional 1 year delay to UMR, where do national regulators stand?
Quick progress being made by regulators to confirm BCBS/IOSCO’s recent guidance to delay Initial Margin phases 5 and 6 by one year, due to COVID-19, to Sept-21 and Sept-22 respectively.
DELAY CONFIRMED
- Singapore (MAS)
- Canada (OSFI)
- Japan (JSFA)
- Switzerland (FINMA)
- Australia (APRA)
WAITING TO HEAR
- US (CFTC, Prus, SEC)
- Europe (ESAs)
- Hong Kong (HKMA, SEC)
- Korea
- South Africa
- Brazil
- Mexico
- The rest
The good news is that, based on recent industry updates, we believe the remainder will follow suit over time. Please shout us at Margin Tonic or info@margintonic.com for related questions.
Photo by Joshua Earle on Unsplash
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