Increased margin calls and collateral disputes among the reasons why treasury teams faced a crucial role during the COVID-19 crisis and beyond.
The Treasury said it will not implement the SDR from February 2021, but will consider the future approach of the rules to the UK’s own post-trade framework.
The acquisition created a joint global treasury management solution, which has become a key area of modernisation for hedge funds.
The deal marks Microsoft’s first change in custodian in a decade for its $130 billion in assets.
The proposals aim to shift trading activity away from bilateral markets and towards central clearing.