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 >>
SmartStream Partners with Cassini to Ease IM Compliance
Post-trade services and systems vendor SmartStream Technologies is partnering with Cassini Systems, a margin analytics vendor serving the buy side in derivatives trading, in an effort to ease the operational burden of managing initial margin requirements for uncleared, over-the-counter (OTC) derivatives. The vendors will focus on financial institutions that are beginning the create new operational… Read More >>
New IM Burdens Spur Vendors Into Action
New rules for posting initial margin (IM) for bilateral over-the-counter (OTC) derivatives instruments are looming for buy-side firms as vendors, service providers, consultants and others are ramping up their offerings in anticipation of expensive and painful compliance burdens to come. The tougher IM requirements stem from the G20-sanctioned mandates of the Basel Committee on Banking… Read More >>
More Firms Join AcadiaSoft Hub to Meet IM Deadline
Hub Gains Six Firms Under Phase 2 of IM Rules Collateral and margining solutions provider AcadiaSoft reports that six more “in-scope firms” under Phase 2 of the new initial margin (IM) rules have been integrated into the AcadiaSoft Hub for non-cleared derivatives. “The additional firms chose to use the hub for IM in order to… Read More >>
Does Your Firm Distrust Its Own Data?
(AxiomSL, a risk data management and regulatory reporting solutions vendor, recently surveyed 132 senior-level risk and regulatory executives in North America and Asia-Pacific (APAC) about their regulatory technology concerns. One of the key takeaways from the survey is that more half of the Asia-Pacific respondents at the executive level and more than one-third of North… Read More >>
GoldenSource & McObject Focus on Faster Regulatory Requirements
GoldenSource, an enterprise data management (EDM) vendor, and McObject, maker of an ultra-low latency database system, are partnering to offer a regulatory technology platform that will support the high-speed demands of regulatory compliance. The collaboration has led to the integration of McObject’s low-latency eXtremeDB and GoldenSource’s Market Data Solution, officials say. McObject’s software and services… Read More >>
Banks Still Not Ready for FRTB Challenge
Although larger banks are making progress in laying the foundation for the Fundamental Review of the Trading Book (FRTB) requirements, there is still a lot of work to be done, according to a new study by London-based business management consultancy, InteDelta, sponsored by reference data vendor Asset Control. This may not come as a surprise… Read More >>
IHS Markit Gets Into the FRTB Game
IHS Markit, a data, analytics and solutions vendor, has released a data aggregation and analytics engine, dubbed Markit FRTB Studio, intended to help firms meet capital requirements specified by the forthcoming fundamental review of trading book (FRTB) process, courtesy of the Basel Committee on Banking Supervision (BCBS). Most industry observers see the FRTB requirements as… Read More >>
Vendors Prepare Solutions to Help with FRTB Capital Requirements
Capital requirements for many financial services firms will be changing because of the forthcoming fundamental review of trading book (FRTB) process, courtesy of the Basel Committee on Banking Supervision (BCBS). The capital regulations via the FRTB will serve as the next big step in compliance after the recently delayed push for the Markets in Financial… Read More >>
New Rules Mean New Ops Model for Initial Margining
(New rules for initial margining for non-centrally cleared over-the-counter (OTC) derivatives went into effect September 1 when a new margin framework took hold via the Basel Committee on Banking Supervision (BCBS) and the International Organization of Securities Commissions (IOSCO). Regulators around the world have been to implement changes for firms trading in these instruments. Chris… Read More >>
