With the March compliance date for the margining of uncleared OTC portfolios, firms are focussed on the legal, operational and technical challenges. One area fertile for improvements is the drafting and execution of margin agreements. Find out how to achieve re-papering with maximum speed and efficiency by joining this (free) webinar.
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.
We are proud to announce our next white-paper on The Legal Documentation Data Challenge. Managing legal agreements has long been a challenge for many financial institutions. Perhaps the most pressing priorities right now are the ISDA Master Agreements and Collateral Support Annexes (CSAs). But there are many other agreement types including GMRAs, GMSLAs, ACAs, CTAs… the acronyms are endless.
Although the prudential supervision of the Bank of England is focused on ensuring the safety and soundness of CCPs, priority has been given almost exclusively to the development of loss allocation and recovery rules.
New functionality supports regulatory margin requirements for non-cleared derivatives.
Is this the time for the rise of a centralised Industry Legal Documentation Utility, to streamline the process of putting in place the legal documentation, and standardise terms to minimise the increasing concern around non-standard and commercially impactful terms, from both financial institutions themselves and the regulators?
Thunderhead today announced that its Smart Communications division, the leading cloud solution for customer and business communications, has been acquired by leading private equity firm Accel-KKR. This will enable Thunderhead to focus exclusively on its pioneering cloud technology for the rapidly growing customer engagement market, the ONE Engagement Hub.
This new and unique two day conference will provide delegates with a comprehensive understanding of central counterparty (CCP) clearing models and operational frameworks in the United States (U.S.). Registered OTC Space readers can access a 10% discount on registration.
Where else can you get such useful insight into the OTC markets for free? Articles in Rocket 7 cover MiFID II Data Quality, Staying Ahead of Reporting Regulations, Concerns about Meeting the Bilateral Margin Regulations Deadlines, The Role of your OMS, Automated Documentation Tools, The ISDA Working Group on Uncleared Margin Regulations, All-to-All Trading, and more.
The PDF (downloadable) edition of Rocket 7 is now available. If you're a registered reader, you can download it here for free.