The voluntary carbon credit (VCC) trading markets are still in their early days and face many operational challenges such as a reliance on too many manual steps, data collection difficulties, a high rate of bilateral transactions, and disparate technology choices when it comes to the trading and settlement of VCCs. However, over the past week,… Read More >>
Buy Side Not Ready for UMR Deadlines: Survey
A recent survey of buy-side firms by custodian banking giant State Street finds that more than 80 percent of those polled say they are not quite ready for the implementation of the uncleared margin rules (UMR) for non-centrally cleared derivatives. The UMR reforms have been driven by the Basel Committee on Banking Supervision (BCBS) and… Read More >>
New Rules Mean New Ops Model for Initial Margining
(New rules for initial margining for non-centrally cleared over-the-counter (OTC) derivatives went into effect September 1 when a new margin framework took hold via the Basel Committee on Banking Supervision (BCBS) and the International Organization of Securities Commissions (IOSCO). Regulators around the world have been to implement changes for firms trading in these instruments. Chris… Read More >>
SmartStream Launches Adaptor for Margining
London-based financial transaction management software specialist SmartStream is launching the TLM Collateral Management Adaptor to help firms manage initial and variation margining for non-cleared, over-the-counter (OTC) derivatives, say vendor officials. The new adaptor integrates SmartStream’s TLM Collateral Management with the MarginSphere clearing services of margining platform vendor AcadiaSoft, officials say. The adaptor is delivered as… Read More >>
