On 12 December 2025, the Basel Committee on Banking Supervision (Basel Committee) and the International Organization of Securities Commissions (IOSCO) published a report that reviews the implementation of margin requirements for non-centrally cleared derivatives. The report concludes that the framework has been effectively implemented and finds no evidence of material issues. As such the Basel Committee and IOSCO do not propose changes to the framework but recommend continued monitoring in the form of supervisory information exchange and the sharing of experiences among their members to address evolving market practices.