In accordance with the statutory requirement to establish margin requirements regardless of counterparty type, the reproposal would require swap entities to collect and post margin in connection with any uncleared swaps they have with nonfinancial end users. These requirements, however, are quantitatively and qualitatively different from the margin requirements for swaps with financial end users.
A key consideration was the sharing of responsibility for financial stability, realising the synergies that existed between the central banking and financial regulation functions. Other advantages included optimising the use of technical skills, benefiting from economies of scale in the provision of shared services and promoting communication between both areas.