HKMA Responses to the Consultation on Proposed Margin and Risk Mitigation Standards for Non-Centrally Cleared OTC Derivatives

After much anticipation, the Hong Kong Monetary Authority published on 22 August 2016 its response to the industry comments on its December 2015 consultation paper on proposed margining and risk mitigation standards for non-centrally cleared OTC derivatives.

We discuss in this bulletin the Hong Kong margin requirements in detail and highlight the most significant changes from the HKMA proposals in the consultation paper.

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