Reference data challenges move from internal to cross-industry
In this quarter’s Clearing Management Insight Report, which was published last week, we take a deep dive into reference data.
Regulatory reporting regimes’ differing stances create headaches for the sell-side and investment firms
From later this year and running into the next, multiple jurisdictions will bulk up their regulatory reporting frameworks to better align with global standards. They hope this will improve the quality of data that regulators use to supervise derivatives markets and create a more harmonised view of derivatives transactions and the market as a whole.
Rethinking margin management ahead of Phase 6 of UMR
In our last post on Phase 6 of the Uncleared Margin Rules, we considered the derivatives industry’s challenge in bringing the final round of firms into compliance with the regulation.
Crypto Derivatives: M&A unlikely to overhaul market structure in the near-term
Cryptocurrency derivatives have largely traded in a dual market structure for much of their existence. This hosts “native” platforms such as Binance, Deribit and FTX alongside the traditional exchanges, the most notable of which being the CME Group.
Last act of margin roll-out set to be most complicated yet
As the 6th and final phase of Uncleared Margin Rules (UMR) approaches, many hedge funds are still uncertain about whether they will fall into scope for Initial Margin (IM) rules for uncleared derivatives.
General Clearing Members making good progress on the road to operational resilience
The outbreak of intense volatility that hit global markets last month marked the first major test for global derivatives clearing members since the outbreak of Covid-19 in February and March 2020.
Risk Sentiment Index: Firms facing significantly elevated risk levels
Firms across capital markets are managing significantly elevated levels of risk following the Russian invasion of Ukraine with cyber risk, market risk and reputational risk rising up the list of concerns for executives.
Why is Cyber risk the biggest outlier for Capital Markets?
Acuiti has partnered with technology firm KRM22 to develop the Capital Markets Risk Sentiment Index (CMRSI) – a benchmark of how different risks are perceived by Senior Executives across the market and how able they are to deal with them.
SA-CCR: An imperfect improvement
Acuiti was commissioned by Quantile Technologies, to conduct a study into the impact and implementation of SA-CCR. In the fourth of four articles, taken from the whitepaper, we conclude that SA-CCR is an imperfect improvement on CEM and SA.
How are banks managing SA-CCR?
Acuiti was commissioned by Quantile Technologies, to conduct a study into the impact and implementation of SA-CCR. In the third of four, taken from the whitepaper, we take a look at how banks are managing the implementation of SA-CCR.