Citing the operational challenges of the COVID-19 pandemic, the CFTC extended the initial margin (IM) deadline for Phase 5 firms from September 2020 to September 2021, but sidestepped moving the IM deadline for Phase 6 firms. Phase 5 firms now have another year to comply with the IM requirements for uncleared swaps under the regulatory… Read More >>
AcadiaSoft & CloudMargin Take On UMR Compliance
With the Uncleared Margin Rules (UMR) in mind, AcadiaSoft, a vendor of collateral management offerings for non-cleared derivatives, has launched a technology partnership with CloudMargin, maker of a cloud-based collateral management workflow tool, to provide a one-stop solution for the front-to-back office processes of collateral and margin management. The collaboration coincides with the just announced… Read More >>
Regulators Delay IM Deadline for Some Phase 5 Firms
As some derivatives industry participants expected, the Basel Committee on Banking Supervision and the International Organization of Securities Commissions have made changes to the deadline structure for Phase 5 of the initial margin (IM) implementation of the Uncleared Margin Rules (UMR). The regulators have essentially split off a segment of Phase 5 — those firms… Read More >>
Buy Side Takes Risky Path to UMR Compliance
The start of the Uncleared Margin Rules (UMR) regime has been on the minds of many Ops staffers at buy-side firms in the European Union and the U.S., but there are troubling signs that buy-side firms may be taking a very risky wait-and-see approach, according to the findings of a recent FTF webinar, “How to… Read More >>
Murex Focuses New Offering on LIBOR Transition
Murex & LCH Also Working on Clearing Issues Murex, a specialist vendor for trading, risk management and processing solutions has launched a transition offering and a task force to address “the challenges of the 2021 discontinuation and benchmark reforms” that will end the usage of the London Interbank Offered Rate, or LIBOR. Over the years,… Read More >>
