Basel Committee and IOSCO Release Final Policy Framework for Uncleared Derivatives Margin
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The Basel Committee on Banking Supervision (“BCBS”) and the International Organization of Securities Commissions (“IOSCO”) on September 2 released their final policy framework on margin requirements for uncleared derivatives (the “Framework”).  The Framework, which follows two proposals on the topic from BCBS and IOSCO, is intended to establish minimum standards for uncleared derivatives margin rules in the jurisdictions of BCBS and IOSCO’s members, which includes the United States.