Insights

This is an extract of the joint white paper issued by the China Central Depository & Clearing Co. and ISDA on the use of Chinese Government Bonds as collateral (March 2021).

Margin Reform provided insights and commentary for a joint whitepaper with the China Central Depository & Clearing Co. and ISDA on the usage of Chinese Government Bonds as collateral. N.B. This is the English version.

In this Initial Margin white paper, we present some of the issues that the EU RTS (Regulatory Technical Standards) offer to those who utilise Money Market Funds (MMF’s). The types of funds that could be used by clients and how some of the solutions available can be accessed, and are likely to operate on a day-to-day basis.

In this article, Sakti Narayan writes about the various routes to the market that should be considered once you have decided to lend. The organisational and portfolio characteristics are significant factors in determining the feasible routes to the lending market.

Chetan Joshi and Shaun Murray discuss how the new regulatory timetable is starting to emerge due to Coronavirus (COVID-19). The recent announcements of a delayed commencement to SFTR (Securities Financing Transactions Regulation) could cause a bottleneck for firms.

Sakti Narayan writes about the business of securities lending for investment managers. He addresses the key topics related to the decision making framework.

IM Phase 5, smaller on bang, bigger on complexity. Chetan joins a panel to discuss the regulatory bottlenecks.

Shaun Murray describes how the fifth and sixth phases of uncleared margin rules will affect repo and securities lending.

Shaun Murray and Brie Lam describe how the EMIR Refit level 1 text has not addressed the IM model validation requirements.

Shaun Murray describes how threshold management is going to prove critical on your UMR journey.

This paper provides evidence that is still going through the stages of discovery for compliance with initial margin rules.

BCBS & IOSCO have revised the framework for margin requirements for non-centrally cleared derivatives