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November 9, 2016

Banks express near universal concern about ability to meet margin deadlines, Axiom survey reveals: Rocket Edition

According to a recent survey of banks’ legal and regulatory operations executives, an overwhelming number of respondents noted a concerning lack of clarity around margin mandate regulations and compliance requirements. 

According to a recent survey of banks’ legal and regulatory operations executives, an overwhelming number of respondents noted a concerning lack of clarity around margin mandate regulations and compliance requirements.

Indeed, 84% of respondents are concerned about their ability to understand new margin mandate deadlines, given evolving regulatory compliance windows. Perhaps most telling, a full 94% of respondents are concerned about their ability to comply in time to meet the deadlines, (among that group, 39% are very concerned).

The results shine a light on the massive undertaking before the banks and their general lack of readiness to effectively comply with new mandates. As such, the EU’s recent decision to postpone its first margin deadline until 2017 may be welcomed by the industry. Despite the lack of preparedness, however, the findings do suggest that respondents believe margin mandate regulations will be either very effective or effective in mitigating risk (61%).


This article was first published in edition 7 of Rocket, our magazine. Download available Rocket editions here, and save your up to date address in your profile to to indicate your interest in receiving a printed copy of the magazine. Copies are also available to purchase and subscribe to via the shop.

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