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Mark Demo

Member since

06 Jun 2019

Location

New York

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Mark's opinions

Technology and Collateral Management: Why We Need to Embrace Automation in STP

Vast improvements in technology allow firms to manage collateral more seamlessly than ever before. Technology facilitates automation, while automation facilitates speed, scale, accuracy and straight-through-processing (STP). And this trend is showing no signs of stopping. Firms now have access to highly automated collateral management that helps t...

26 July 2021 /regulation /wholesale

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

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...

08 October 2019 /regulation Financial Services Regulation

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

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...

28 August 2019 /regulation Financial Services Regulation

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

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...

23 July 2019 /regulation Financial Services Regulation

Monitoring OTC trades to ensure IM compliance

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 ...

10 June 2019 /regulation Financial Services Regulation