The move, expected in the coming weeks, will allow members of the associations access to one, single model that supports different repo structures and bond settlement, securities lending and derivatives.
Collateral scarcity may no longer be a talking point for the industry in 2023 and market participants could begin to see a return to pre-financial crisis markets, said Gareth Jones, CEO of Euroclear GlobalCollateral
Repo is the cornerstone of the financial system, a market which has become essential for liquidity and collateral management 鈥 鈥渋f the repo market does not work, none of it works,鈥 said ICMA senior director Andy Hill
Phase 6 of the Uncleared Margin Rules is expected to continue for a 鈥渓ong period of time鈥 as approximately 900 firms are in the monitoring phase and are not 鈥渇ully engaged鈥 in UMR
DBS has become the first bank in Asia to complete an intraday repurchase transaction on J.P. Morgan鈥檚 intraday repurchase application via Onyx Digital Assets
During the 鈥楻egulation鈥 panel, speakers discussed the current state of regulation in the industry, including the relationships between regulators and the market, what clients are looking for and what might lie ahead
ISDA members and non-members will have access to the DRR model to support compliance with the US Commodity Futures Trading Commission鈥檚 amended swap data reporting rules
The International Securities Lending Association has published a paper investigating the changes that will need to be made to the Global Master Securities Lending Agreement to allow for market engagement with digital assets
The model aims to allow sell-side firms, including clearing brokers and prime brokers, to provide the required counterparty trade data to their buy-side clients which also utilise Report Hub