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Location
New York
Member since
2019
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Mark's blog archive

2019 (4)
Mark Demo

Mark Demo

Head of Industry and Strategy at AcadiaSoft
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Blogs

Financial Services Regulation

REGULATORY IM VALIDATION IN EUROPE AND THE U.S. - WHAT PHASE 5 AND 6 FIRMS NEED TO KNOW

08 Oct 2019

Approximately 250 firms, including many more buy-side firms, could fall into scope for Phase 5 of the Uncleared Margin Rules (UMR), according to AcadiaSoft’s estimates. At the same time, firms will need to be prepared to address variations of the Initial Margin (IM) rules that may play out differently in Europe than in the U.S. AcadiaSoft will tak...

Financial Services Regulation

U.S. AANA Calculation Concludes - What Does This Mean?

28 Aug 2019

Friday, August 30 marks the end of the U.S. AANA (Average Aggregate Notional Amount) calculation period for uncleared over-the-counter (OTC) derivatives. By next week, all U.S.-based firms should know whether they are in-scope (or not) to move Initial Margin (IM) beginning September 1, 2020. What happens next? If your firm is not in-scope – cong...

Financial Services Regulation

BCBS and IOSCO Add Sixth Phase to Global Regulatory Initial Margin Rollout

23 Jul 2019

Today, the Basel Committee on Banking Supervision (BCBS) and the International Organization of Securities Commissions (IOSCO) recommended that prudential regulators add a sixth phase to the global regulatory initial margin (IM) rollout. BCBS and IOSCO are recommending to split the current Phase 5 gross notional threshold as follows: IM Phase 5 g...

Financial Services Regulation

Monitoring OTC trades to ensure IM compliance

10 Jun 2019

In late March, the Basel Committee on Banking Supervision (BCBS) and the International Organisation of Securities Commissions (IOSCO) issued guidance to national regulators stating that Phase 4 and 5 firms need not negotiate documentation with counterparties or become operationally ready if the trading relationship with any given counterparty was ...