Buy-side firms under pressure to finalise preparation ahead of next UMR phase
With less than a month to go, the pressure is on for buy-side firms to finalise documentation and custodial arrangements on their initial margin.
With less than a month to go, the pressure is on for buy-side firms to finalise documentation and custodial arrangements on their initial margin.
The solution will target certain banks and buy-side firms that will be required to establish tri-party collateral management arrangements for the first time.
The roll out of uncleared initial margin rules has now reached the buy-side with phase 4 firms coming into scope in September 2019.
With a new wave of initial margin rules on the horizon, BNY Mellon says clients are already more prepared.
The test is the latest step by the DTCC to roll out blockchain technology to the US market.
LSEG’s LCH Group will work alongside AcadiaSoft to bring new products to the non-cleared OTC derivatives market.