The group of 20 industry bodies have said the outbreak has resulted in a significant delay for both custodians and buy-side firms in carrying out heavy onboarding tasks
Tag: uncleared margin rules
The majority of respondents said the global pandemic was impacting their ability to prepare for upcoming regulations.
A new study found the two-way initial margin rules for non-cleared derivatives will also result in a collateral shortfall of $60 billion alone.
Despite the extension to comply with the final phase of the uncleared margin rules, major operational challenges remain for buy-side firms.
Northern Trust will use technology provided by AcadiaSoft for an outsourced collateral optimisation solution.
RBC I&TS has launched the service initially with one of Canada’s largest pension funds, and is s part of its evolving middle-office solution.
Citi has leveraged the ISDA SIMM model to launch a new regulatory margin calculation service for buy-side firms that come into scope from 2020 and 2021.