Category: Blog Are we facing a Collateral Crunch?

A recent industry article in risk magazine suggested that the buy side hopes to retreat to the usage of “dirty CSA” as we face a collateral crunch.   In addition, we have seen the CME extend its collateral eligibility criteria to include short-term UST ETFs (exchange-traded funds) for Initial Margin purposes.

What Financial Markets Can Learn From Formula One

How do F1 teams push the boundaries of speed and reliability so constantly? After all, it’s one person in a car, on their own, with just their bravery and skill to keep them on the track, right? And how can financial markets learn from a highly engineered team sport like F1?

The End of the PSA Clearing Exemption

The European Commission has announced that the Pension Scheme Arrangements (PSAs) temporary exemption from clearing will end in June 2023. The original exemption was introduced ten years ago in 2012. After multiple extensions, the countdown has finally begun.  If you are a Pension scheme which is  unsure about clearing your OTC rates and credit derivatives,Read More

HQLAˣ Conference 2022 – Margin Solutions

I was recently invited to attend the second HQLAᵡ conference at the Goldman Sachs offices in London and to be a panel moderator for the ‘Margin Solutions’ panel.

Where Next for Eurozone Clearing?

Europe’s Grand Design In November 2021, the European Commission (“EC”) announced the EU’s proposed way forward for central clearing in the post-Brexit world.

UMR Survey Results – Variation Margin

Here are our glimpse to UMR Q4 2020 survey results, shared by Chetan Joshi.

Lightining Backtest with Confidence

Duco asked us to comment on how vital backtesting is around risk data.

Lightining It’s automation, not automagic!

At Margin Reform, we recently held our second webinar with Scott Brown of Pirum Systems LTD and Nicholas Larrieu of

How To Better Optimise Your Clearing Services

The current pace with which regulatory change is taking place can be overwhelming to buy-side firms. Furthermore, factor in that

5 Alarming Things You Must Know Before Starting A UMR project (#4 be warned)

Are you comfortable with the intricacies of the Uncleared Margin Rules (UMR)? Getting ready and maintaining regulatory compliance to UMR