BIS has updated its frequently asked questions on Basel III monitoring. (Source: Frequently Asked Questions on Basel III Monitoring)

Basel and IOSCO amend margin framework: The Basel Committee and the International Organisation of Securities Commissions (IOSCO) have published an updated framework for margin requirements for non-centrally cleared derivatives. Following consultation, they have agreed to delay the implementation of requirements to exchange both initial margin and variation margin by nine months, and to adopt a phase-in arrangement for the requirement to exchange variation margin. As a result, the phase-in period for collecting and posting initial margin on non-centrally cleared trades will begin on 1 September 2016, and the phase-in of the requirement to exchange variation margin will begin on the same date, six months later than planned. (Source: Basel and IOSCO Amend Margin Framework)