Insights & News

Recent Regulatory and Market Developments

Recent Regulatory and Market Developments

  • Dec 1, 2019 - SIMM 2.2, the latest version of the ISDA Standardised Initial Margin Model becomes effective.
  • Sep 2019 - Phase 4 come into scope of the Uncleared margin requirements
  • July 2019 - BCBS/IOSCO agreed extension to the final implementation of the margin requirements by one year for firms with an AANA (Aggregate Average Notional Amount of non-centrally cleared derivatives) between €8 billion and €50 billion to September 1, 2021, creating a phase 6. For firms with an AANA between €50 billion and €750 billion, the application date remains September 1, 2020
  • Mar 2020 - Global Regulators decided to delay compliance for phase 5 and Phase 6 by one more year. There by compliance date for phase 5 becomes Sep 1, 2021 and phase 6 is Sep 1 2022
  • Sep 1 2020 New version SIMM 2.3 , issued by ISDA. To be effective from Dec 5, 2020