compliance reporting

  • 44

    DYNAMICS OF DISRUPTION: an ‘Uber’ approach to compliance reporting

    With MiFID II requirements looming, firms face the need to build the new capabilities necessary to meet complex mandates for trade and transaction reporting. Or do they? As Uber and Airbnb continue reshaping the transportation and hospitality industries, a growing number of firms are adopting a similarly disruptive approach to trade and transaction reporting— positioning themselves for greater cost efficiency, reduced risk and more time to invest in meeting customers’ expectations. In this article, Cian Ó Braonáin and Randall Orbon explore why it is no longer a matter of if—but rather when and how—firms will exit the “business” of trade [...]
  • 680

    BCBS-IOSCO: increasing the margin period of risk

    As the CCP market continues to expand, with clearing houses offering an increasing number of clearable securities and netting efficiencies, there is an increased focus on the fate of over-the-counter (OTC) derivatives that are as yet unclearable. These bilateral trades will be subject to the BCBS-IOSCO Initial Margin (IM) requirements, scheduled to phase-in from September 2016. This will result in higher IM costs, primarily as a result of the increased Margin Period of Risk (MPOR). The baseline MPOR for a netting set (i.e., a portfolio with a counterparty under a legal netting agreement) is 10 days, but under certain conditions [...]