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Articles

19 Aug 2019 — Bill Hodgson

The OTC Space is will be at the Capital Markets Innovation Summit (CMIS) "the only conference for COOs and heads of innovation from Europe's top investment banks". Come along and meet us to catch up

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16 Aug 2019 — Bill Hodgson

We thought you should be aware of a video produced by DRS which describes updates to the ISDA and custodian documentation for UMR. These updates form the 'next generation' of documentation intended to make re-papering for UMR easier for firms going forward. The video is 36 minutes long and includes nice diagrams.

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1 MIN
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IM THRESHOLD
12 Aug 2019 — Liam Huxley

UMR Phase 5 will have a significant capital impact on in-scope firms’ trading performance. To address this impact, firms need to treat it as a trading risk management process and have calculation tools in their front-office trade workflow that provide transparency and control over the impact of IM. Liam Huxley, CEO and Founder and Samuel Hyman, Head of Americas at Cassini Systems,discuss the benefits of pre-trade and intra-day/end-of-day analysis and collateral optimisation as affected firms prepare for the UMR deadline next year.

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5 MINS
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09 Aug 2019 — Rajesh Sadhwani

The replacement of the Interbank Offered Rates (IBORs) will have a major impact on financial services firms around the world, and regulatory agencies are pressuring institutions to begin their transitions to alternate or reformed benchmark rates ahead of a proposed 2021 deadline.

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10 MINS
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06 Aug 2019 — Rob Hill

 

The Fixed Income and Derivatives market is in the midst of fundamental change, as trading migrates away from the phone and onto electronic venues. This move to e-trading has been triggered by the need to capture accurate data and report it to the regulators, combined with the need for liquidity, and the ongoing demand for efficiency gains in the middle- and back-office.

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31 Views
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02 Aug 2019 — Audrey Costabile Blater

In a recent report, Uncleared Margin Rules and the Rise of Initial Margin Optimization, Aite Group senior analyst Audrey Blater discusses an array of solutions offered to both the buy-side and sell-side to combat rising margin fees.

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5 MINS
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fuzzy cloud aite
29 Jul 2019 — Virginie O'Shea

The lack of a common industry taxonomy has long been a problem for the capital markets in various segments of the market, and the area of cloud technology is no different. Assessing levels of cloud adoption within a firm, let alone across the market, is challenging because not every individual has the same definition of “cloud.” The way vendor solutions or services are marketed and the rather hazy vendor descriptions of various hosting models exacerbate the problem—though a solution is offered as a managed service, that does not necessarily mean it is a cloud-based offering.

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5 MINS
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Cloudmargin AcadiaSoft
24 Jul 2019 — Bill Hodgson

Integration between CloudMargin and AcadiaSoft will bring benefits for firms in-scope of UMR

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1 MIN
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Revised UMR timeline
23 Jul 2019 — Bill Hodgson

https://drs-als.com/im-phase-5-to-bifurcate/A new phase 6 is introduced to spread the work for smaller firms to achieve compliance. 

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2 MINS
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clearstream UMR
23 Jul 2019 — James Cherry

This will be a welcome relief for many firms and it’s good to see regulatory bodies listening to the market and taking pragmatic steps to alleviate what could have turned out to be an ugly bottleneck.

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phase 5 delay
18 Jul 2019 — Bill Hodgson

Rumours are circulating that BCBS / IOSCO will shortly recommend that buy-side firms will be given additonal time to meet the final UMR compliance deadline.

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Jakarta
15 Jul 2019 — James Cherry

Job displacement by automation is already sizable on a per capita basis in the US (concentrated on labour intensive manual work) and the rise of an Asian middle class with the rising wages they demand may have set the time bomb ticking for these trends to be repeated in Asia.

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5 MINS
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