Hong Kong banks fear clashing swaps margin rules

SFC proposal could complicate trades with HKMA-regulated entities and centralised treasuries

tug-of-war-business
Opposing views: SFC and HKMA are taking different approaches on margin requirements

Banks and non-bank securities firms in Hong Kong fear they may face conflicting variation margin (VM) rules, after a consultation from the local securities regulator contradicted earlier measures issued by the banking regulator on several key aspects.

The Securities and Futures Commission (SFC), responsible for non-bank financial market firms in Hong Kong, issued the consultation on margin requirements on June 19, with the aim of introducing final rules before a September 2020 deadline set by

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: