The US Federal Reserve released its stress test results in June which included new Covid-19 scenarios. These new scenarios modelled far worse scenarios than usual including high unemployment and a big drop in GDP in the US. These scenarios also explored the U V and W shaped movements in the economy over various time periods.
The annnouncement is as follows:
Cassini Systems would like to invite you to a knowledge packed webinar where our speakers will discuss the conditions in the current market driven by the COVID-19 pandemic, and how this is affecting margin on exchange traded derivatives.
Cassini Systems, and Margin Tonic would like to invite you to a knowledge packed webinar where our speakers will discuss the conditions in the current market driven by the COVID-19 pandemic, and how this is affecting margin on cleared and uncleared derivatives.
Cassini Systems, the leading provider of pre- and post-trade margin analytics for derivatives market participants, announced today a new initial margin (IM) partnership with AcadiaSoft Inc., the leading industry provider of risk and collateral management services for the non-cleared derivatives community.
The Basel Committee's oversight body, the Group of Central Bank Governors and Heads of Supervision (GHOS), has endorsed a set of measures to provide additional operational capacity for banks and supervisors to respond to the immediate financial stability priorities resulting from the impact of Covid-19 on the global banking system.
The current unprecedented volatility has led to significant swings in Mark-To-Markets (MTM) and has led to increased margin calls which have been fulfilled by further selling off assets. The MTM volatility has increased both Variation Margin and Initial Margin.
Volatility in the markets now will mean significant effects on SIMM and IM in September 2020
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