The report comes in the backdrop of the ongoing monitoring of the standard introduced in response to the 2011 Group of Twenty (G20) call to enhance the resilience of financial markets.
The Basel Committee on Banking Supervision (BCBS) and the International Organisation of Securities Commissions (Iosco) have jointly published a comprehensive review of the implementation of margin requirements for non-centrally cleared derivatives. BCBS and Iosco do not propose any changes to the existing framework The assessment, released on December 12, stems from a G20 mandate in 2011 to enhance global financial resilience. The framework, first established in 2013 with its final imp