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Financial services firms should take a holistic approach when developing a strategy for staying on top of regulatory deadlines for derivative instruments, says Diana Shapiro, North America head of Collateral Management for Citi.
“I think it’s really important for firms to take into consideration a cross-asset, cross functional strategy,” Shapiro says. “So, when they’re designing it, it’s important not only to look at the operational, technological capabilities within the firm but to look holistically, potentially from the investment performance perspective in the front office as well as risk management perspective in terms of counterparty exposures.”
Shapiro spoke with FTF News this past October during a break at FTF’s CMD Ops 2017 (collateral, margining and derivatives) conference in New York City. At the conference, Shapiro took part in the “Surviving the Regulatory Onslaught” session, which focused on how firms have been juggling multiple regulatory deadlines such as the March 1, 2017 start of the CFTC’s variation margin requirement for uncleared, over-the-counter (OTC) derivatives.
CREDITS:
Video Production: Janene Knox and William J. Poznanski, Jr.
Interview conducted by: Eugene Grygo, chief content officer, FTF News
Co-Producers: Sarah Hathaway, vice president, Financial Technologies Forum (FTF) and Eugene Grygo
Need a Reprint?- Read More:
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- automation,
- back office,
- clearing,
- collateral management,
- data management,
- derivatives processing,
- middle office,
- regulation,
- regulatory reporting,
- risk management
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