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 CFTC Chairman Faces Long To-Do List
Heath P. Tarbert, the Acting Under Secretary for the U.S. Department of the Treasury, has won Senate confirmation to be the next chairman of the CFTC, and will face regulatory concerns ranging from finishing Dodd-Frank reforms to the emergence of instruments based on crypto-currencies during his term, slated to last until April 2024. Following the… Read More >>
Firms Secured $158 Billion in IM Last Year
The level of initial margin (IM) gathered in 2018 by 20 top securities firms for non-cleared derivative transactions grew by 47 percent to approximately $157.9 billion compared to $107.1 billion at the end of March 2017, according to the latest margin survey of the International Swaps and Derivatives Association (ISDA). The survey results, released at… Read More >>
