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CFTC Extends IM Deadline for Phase 5 Firms

May 29, 2020 by Eugene Grygo

CFTC Extends IM Deadline for Phase 5 Firms

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 >>

Filed Under: Derivatives Operations, Collateral & Margin Management, Derivatives Processing, Securities Operations, Buy-Side, Clearing, Data Management, Middle-Office, Operational Risk, Ops Automation, Reconciliation & Exceptions, Risk Management, Settlement, Governance, Back-Office, Integration, Standards, KYC, AML/Fraud/Financial Crime, Regulation & Compliance, Derivatives, Regulatory Compliance, Regulatory Reporting, Industry News Tagged With: AANA, BCBS/IOSCO, CFTC, Heath P. Tarbert, initial margin, Phase 5, Phase 6, Uncleared Margin Rules (UMR)

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