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June 15, 2022, 9:00 AM
Asset managers are struggling to prepare for impending rules that are expected to drive up costs in the $12.4 trillion derivatives market.
Hedge funds, pension funds and money managers are battling to find attorneys and risk a “legal logjam” when preparing documents for the sixth and final phase of the so-called uncleared margin rules that go live in September, according to
The reforms, aimed at cutting risk in the market, will force firms with more than the equivalent of $8 billion of uncleared derivatives to post extra collateral, known as initial margin. A group …
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