JAMES FRYER ILLUSTRATION: TIME FOR RECALIBRATION
March 21, 2019
James Fryer's latest cover illustration, also used as an inside spread, for ISDA's IQ magazine accompanied an article explaining that margin rules for non-cleared derivatives were explicitly designed to promote central clearing and reduce systemic risk. But as the final roll-out date of September 2020 approaches, there are already questions about whether the rules might need some adjustment.
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