Basel Committee and IOSCO agree to one-year extension of the final implementation phase of the margin requirements for non-centrally cleared derivatives

The Basel Committee and IOSCO have agreed to a one-year extension of the final implementation phase of the margin requirements for non-centrally cleared derivatives. The Basel Committee and IOSCO have published a revised version of the margin requirements to reflect this limited revision to extend the implementation timeline. The revised publication features no other substantive changes to the margin requirements framework.