CFTC chairman Timothy Massad will bow to industry requests to delay incoming rules for posting of margin to back over-the-counter swaps that are not cleared through central counterparties. But with a delay likely to be a matter of weeks rather than the two-year reprieve that the industry had hoped for, his efforts will do little to appease market participants. New rules were scheduled to first hit the market at the end of this year but industry organisations flooded the agency with requests for more time.
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