While centrally cleared and non-centrally cleared markets faced similar levels of volatility in March and April 2020, IM requirements increased significantly only for centrally cleared derivatives.
While centrally cleared and non-centrally cleared markets faced similar levels of volatility in March and April 2020, IM requirements increased significantly only for centrally cleared derivatives.
BCBS, Broker-dealers, CCP models, CCPs, CMPI, derivatives, FSB, IM, Initial Margin, IOSCO, Liquidity, margin models, mark-to-market, NBFI, Securities, Transparency, Variation Margin, VM, volatility