Margin

Charles River Forms Business Alliance with Cassini Systems to Automate Margin Estimation

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ISDA Chairman Eric Litvack’s Remarks at ISDA Europe Conference, London

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ISDA Europe Regional Conference

September 26, 2018

Chairman’s Remarks – Eric Litvack

Good morning.

The timing of this conference means that, in recent days and weeks, you will have seen and heard a great deal of retrospective analysis on the financial crisis. Ten years ago, the markets were in a very uncertain place. Lehman had just gone under, triggering a shockwave that turned what had until then been a gradually building credit crisis into a full-blown financial panic.

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ISDA CEO Scott O’Malia Opening Remarks at ISDA Europe Conference, London

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ISDA Europe Regional Conference

September 26, 2018

CEO Opening Remarks – Scott O’Malia

Good morning, everyone.

The more observant among you may well have noticed that one of the images in our opening sequence was Lord’s Cricket Ground. Now, Lord’s is close to where I live. And for the past couple of years, I’ve watched as huge crowds have trudged to the ground for big games, some dressed in their colorful red and gold ties or blazers, and wondered what all the fuss is about.

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Joint Trades Final Stages of Initial Margin Phase-In Comment Letter

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The final phases of uncleared margin rules (UMR) implementation present serious logistical challenges. In-scope market participants face a number of major hurdles, which are exacerbated given the number of counterparties expected to come into scope. These include large scale efforts to re-document every bilateral relationship in accordance with UMR, operationally set up third-party segregated accounts and adopt IM modeling to minimize the dispute resolution process, among other key tasks.

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ISDA Publishes ISDA SIMM™ 2.1

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ISDA has published the ISDA SIMM™ Methodology, version 2.1, with an Effective Date of December 1, 2018. This version of SIMM includes updates based on the full recalibration and industry backtesting of the methodology.   It also includes a calibrated historical volatility ratio for the interest rate asset class.

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ISDA Publishes ISDA SIMM™ 2.1

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ISDA has published the ISDA SIMM™ Methodology, version 2.1, with an Effective Date of December 1, 2018. This version of SIMM includes updates based on the full recalibration and industry backtesting of the methodology.   It also includes a calibrated historical volatility ratio for the interest rate asset class.

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ISDA presses the panic button on IM

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As market participants are all too aware, following the financial crisis in 2008-2009, G20 agreed to a regulatory reform agenda covering the OTC derivatives market and market participants, including proposals for margin requirements for non-centrally cleared derivatives. The recommendations were finalised in the BCBS-IOSCO’s Final Framework for Non-Centrally Cleared Derivatives, which established the international standards […]

 

Click the link below for the full article - useful in parallel to our earlier papers and the one from ISDA. Bill.

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ISDA presses the panic button on IM

+0

As market participants are all too aware, following the financial crisis in 2008-2009, G20 agreed to a regulatory reform agenda covering the OTC derivatives market and market participants, including proposals for margin requirements for non-centrally cleared derivatives. The recommendations were finalised in the BCBS-IOSCO’s Final Framework for Non-Centrally Cleared Derivatives, which established the international standards […]

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