State Street polled 300 buy-side firms and found that less than a fifth were fully ready to comply with UMR from September 2021 or September 2022.
Following a one-year delay to UMR, AcadiaSoft is helping firms test initial margin calculations with a mock go-live program.
Initial margin collected by phase one firms for their non-cleared derivatives totalled $173.2 billion, an increase of 10% compared to year-end 2018.
Partnership will see mutual clients of Cassini and AcadiaSoft benefit from front-to-back margin optimisation.
Asset managers receive respite from authorities in implementing the final phase of the uncleared margin rules as coronavirus continues to impact regulation.
John reviews the best of The TRADE News’ coverage of regulation over the past 12 months.
Counterparties within scope for Phase 4 of initial margin compliance have been onboarded to the AcadiaSoft platform.