WEBINAR: APAC Regulatory Spotlight
where are we now and what are the next steps?
Date: Wednesday 20th June 2018
Time: 10am HK/Singapore, 11am Japan/Korea, 12pm Sydney
Duration: 1 hour
Before 2008, only ETD transactions were subject to initial margin. After the 2008 financial crisis, with OTC clearing mandates, Initial Margin expanded to OTC cleared transactions. Since September 2016, Initial Margin has also been required for non-cleared OTC trades, under BCBS 317. Progressively all financial institutions (*) will be subject to Initial Margin for all derivatives transactions, and this will require banks are faced with both operational and organizational challenges as they need to comply with new IM regulations.
In this webinar we will discuss:
- What are the Initial Margin rules for uncleared trades?
- What changes should firms expect in terms of ISDA SIMM margin methodology?
- What are the steps required to be ready on time for the compliance date?
- What to expect during the preparation/implementation phase?