Derivatives have an important role to play in the development of economies and financial markets in emerging jurisdictions. Financial regulation, in turn, is a critical element in shaping the safe, efficient use and growth of risk management activity in these countries. One of the most important elements of the financial regulatory framework for derivatives is margining: the exchange of collateral, or margin, for derivatives transactions. This paper explains what margining is, how it works and the key issues for policymakers in emerging market and developing economies (EMDEs) to consider when transposing margin-related regulation to their jurisdictions, with a particular focus on non-cleared derivatives.
Click on the attached PDF to read the full report.
Documents (1) for Derivatives, Margining and Risk in Emerging Market and Developing Economies
Latest
ISDA Responds to ESMA on PTRR Clearing Exemption
On April 20, ISDA submitted a response to the European Securities and Markets Authority (ESMA) consultation paper on a draft regulatory technical standard (RTS) for the post-trade risk reduction (PTRR) exemption from the derivatives clearing obligation under Article 4b of the...
Response on Competitiveness of EU Banking Sector
On April 17, ISDA responded to the European Commission’s (EC) targeted consultation on the competitiveness of the EU banking sector. The EU is aiming to bolster the ability of its financial markets and banking sector to grow, remain competitive and...
India Forum Scott O'Malia Opening Remarks
India Derivatives Markets Forum April 16, 2026 Opening Remarks Scott O’Malia, ISDA Chief Executive Good morning and welcome. This is the third year we’ve run the India Derivatives Markets Forum, and the number of people attending has grown each...
Global Trading in INR Derivatives
Global trading in derivatives involving the Indian rupee (INR) has expanded significantly over the past decade, reflecting the currency’s growing role in international hedging and trading activity. According to the Bank for International Settlements (BIS) Triennial Central Bank Survey, the...