New working group will look to solve complications for pension funds in providing cash collateral as variation margin.
A new study found the two-way initial margin rules for non-cleared derivatives will also result in a collateral shortfall of $60 billion alone.
Banks are attempting to find ways to reduce their capital-intensive repo trading activity in order to avoid penalties.
Despite the extension to comply with the final phase of the uncleared margin rules, major operational challenges remain for buy-side firms.
JP Morgan has developed a DLT-based system to speed-up and automate post-trade margin payments.
Funds have raised concerns that SFTR requirements on collateral re-use will provide full view of trading book.
The French bank will use the platform for its collateral management operations across the prime services and securities services businesses globally.