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Still No Global Consistency on Swaps Collateral

EU push to end delay on swaps-collateral rule hits a snag on pension exclusion.

By Silla Brush, Bloomberg | Updated on September 09, 2016

The European Union’s chief financial regulators rejected draft changes to collateral standards for derivatives, further complicating Europe’s efforts to complete the rule after failing to meet a global deadline this month.

The regulators opposed a proposal by the European Commission, the EU’s executive arm, to exempt pensions from some of the requirements. In a statement on Friday, they said the restrictions are “crucial for mitigating potential risks” in the US$493 trillion global market. 

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