Richard Metcalfe joins WFE as head of regulatory affairs, replacing Gavin Hill who will join the compliance team at the London Metal Exchange.
Margin analysis by ISDA reflects changes to collateral practices over recent years.
ISDA urges EU and UK policy makers to implement transitional period to reduce complexity and costs to market participants.
ISDA has appointed HSBC's derivatives market infrastructure expert to head up its clearing initiatives.
Several industry associations have called for a ‘transitional period’ to ensure compliance with the incoming variation margin rules.
Variation margin rules will go live globally from 1 March 2017 for all firms trading derivatives, regardless of size.
FIA, GFMA, IIF, ISDA and TCH have responded to recent CPMI-IOSCO guidance urging for greater transparency for clearing members.
Banks may struggle to update their collateral systems if the EU fast-tracks implementation of the initial margin rules.
ISDA members said they encountered problems immediately after implementing swaps margin rules on 1 September.
ISDA’s research finds standardised derivatives processing could be achieved through use of data.