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A State Street survey finds that many firms are not where they should be as far as the uncleared margin rules (UMR) for non-centrally cleared derivatives.
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...
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