ISDA DerivatiViews - Phase Six IM: The End Of The Beginning
The September 1 deadline for IM passed without any major disorder.
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The September 1 deadline for IM passed without any major disorder.
Phase 6 of UMR goes live on September 1.
<p><span>If there’s one lesson from the most recent round of initial margin (IM) requirements in September 2021, it’s that compliance takes much longer than most people anticipate. With the next phase now less than six months away – one that will bring more entities into scope than ever before – it’s critical this lesson is learned. The reality is there’s very little time left to comply. Those firms that wait to start their preparations may well find they face difficulties trading from September 1.</span></p>...
<p><span>ISDA has today been recognized in the Risk Awards 2022 for the ISDA Standardized Approach (SA) Benchmarking initiative, which has won the Innovation in Technology category.</span></p>
<p><span>ISDA and the Institute of International Finance (IIF) welcome the consultative report </span><em><a href="https://www.iosco.org/library/pubdocs/pdf/IOSCOPD686.pdf">Review of Margining Practices</a></em><span>. The Associations appreciate the large amount of data shared by BCBS, CPMI and IOSCO. The report paints a very accurate picture of the events of 2020 in relation to margin practices.</span></p>