The push to shorten the U.S. securities settlement cycle from T+2 to T+1 by 2023 is well into the information-gathering stage via private industry workshops that will decide the details of the time frame for the transition, which is expected to be announced during the last quarter of this year. The workshops are also helping… Read More >>
Uncleared Swaps Hit With Steep Margin Increases
U.S. regulators unveiled rules for derivatives on Wednesday that could make margin requirements for uncleared swaps 40 to 45 percent higher than cleared transactions, and could lead to a host of operational and legal difficulties for firms trading in them. The proposed rules establish the minimum amount of collateral that financial firms would have to… Read More >>
