InteDelta Initial Margin white paper
InteDelta has collaborated with BNP Paribas Securities Services, Lombard Risk and TMX Technologies to produce a White Paper titled “Initial Margin: a commentary on issues for centrally cleared and non-centrally cleared business”. The White Paper explores the regulatory drivers for the implementation of initial margin and the challenges that institutions face from a systems, organisational and modelling perspective.
Excerpt from the whitepaper: “The financial crisis revealed major weaknesses in the global financial system, particularly in the interdependence between large financial institutions. A number of regulatory initiatives are in the process of being put in place to reduce the overall counterparty risk in the system. Most significant is the move to central clearing. A key risk-mitigating feature of central clearing is the requirement to post Initial Margin (IM) to Central Clearing Counterparties (CCPs). BCBS IOSCO has published a policy framework recommending the bilateral posting of IM also for transactions not subject to central clearing.”
About InteDelta
InteDelta helps financial institutions implement risk management best practice. Combining a structured consulting approach with subject matter expertise, we work with our global client base to align with industry standards. Our areas of expertise cover the major risks faced by financial institutions: credit, market, liquidity and operational risk, alongside niche specialisms such as collateral management. Our clients have a global spread, ranging from some of the world’s largest banks and asset managers to developing market banks, hedge funds and risk software vendors.
