A second consultation paper has been issued detailing the near-final proposal on margin requirements which includes the introduction of a universal initial margin threshold of 50 million Euros. Additional comments are sought on physically settled foreign
exchange forwards and swaps; re-hypothecation of initial margin; and the phase-in proposals (which are gradual over 4 years).Feedback is sought by 15 March.
Link to consulation paper: http://www.bis.org/publ/bcbs242.pdf