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A. It may be useful to have special provisions for unusual or extreme market conditions, such as the ability to call intra-day margins where this is not part of the general margin scheme, and/or the ability to change the composition of margin. During periods of market stress, there is substantial benefit in jurisdictions with multiple domestic market authorities regulating related markets in coordinating, consulting or sharing information on margin requirements, as such measures may reduce the effects of market disruption.
B. Effective communication between relevant regulators and/or market authorities should be established. It may be formal or informal, involve cross-border communications, and it may be limited to particular circumstances.
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