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.
Tag: Initial margin rules
SimCorp research finds only 7% of buy-side firms are ready to comply with the incoming rules in September.
Asset managers concerned that the messaging tools custodians use for the collateral management process are behind the times.
Regulatory bodies issue guidance on initial margin rules as industry continues to call for further amendments
Industry bodies including SIFMA, ISDA, ABA and GFMA criticise final initial margin thresholds, recommending raise to EUR/USD 100 billion.
With a new wave of initial margin rules on the horizon, BNY Mellon says clients are already more prepared.
The final phase of the framework for posting initial margin is due to come into force in 2020.
New tool will allow firms to calculate initial margin amounts, manage margin calls and resolve disputes, as thousands of buy-side firms are expected to come in-scope next year.