Collateral optimisation strategies under new Iosco margin regulations

Sponsored webinar: Calypso

THE PANEL

O'Delle Burke, executive director – agency clearing, collateral management and execution, JP Morgan

Karim Chabane, regional head of collateral services, APAC Citi, Hong Kong

John Feeney, head of credit portfolio positioning, National Australia Bank

Nick Horn, manager, investment compliance and risk management, QIC

David Little, director of strategy and business development, Calypso Technology

Moderator: Aaron Woolner, Hong Kong bureau chief, Risk.net

On 18 March 2015, the Basel Committee on Banking Supervision (BCBS) and the International Organization of Securities Commissions (Iosco) announced a nine-month delay to the beginning of the phase-in period for collecting and posting initial margin on non-centrally cleared derivatives.

This revision is relative to BCBS-Iosco's final guidance on margin requirements for non-centrally cleared derivatives, which requires financial firms to exchange initial and variation margin for these derivatives transactions.

A major reason for the new deadline is the general consensus that additional time would be necessary for firms to meet the regulatory expectation.

Given the time, efforts and resources necessary to adopt the rule, firms should start planning now to develop appropriate margining methodologies to calculate margins that will be required to comply with the margin regulations.

 

Sponsor content