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News & Updates
Uncleared margin reform – Variation Margin CSA model launched
Logical Construct launches Variation Margin data capture solution to help banks meet the uncleared margin reform deadlines.
If you value the accuracy of your data and want to do something better in less time, come and talk to us.
Margin reform for uncleared derivatives: ensure you build on solid foundations
Margin reform regulation requires non-cleared derivatives users to repaper their ISDA documentation.
Vendor offerings exist to address client outreach through renegotiation, including smart, rule driven solutions that cover document assembly and metadata recording at point of authoring.
Few are addressing how this co-exists with legacy documentation, or allows new documents and contracts authored elsewhere to be captured.
FinTech in the cloud – are Industry Utilities the new reality?
Industry utilities are fast becoming the new reality in the post financial crisis banking arena, with Know Your Client (KYC) and Collateral Management initiatives already in progress. The main driver behind this utility model is improved operational efficiency and the associated cost savings, yet many large financial institutions have yet to break through the misconception that ‘inside the firewall’ is always safe and ‘cloud’ is always bad.
Collateral Reuse Rules and Documentation Impacts
The EU regulation on securities financing transactions requires new disclosures for collateral that can be reused to provide additional awareness of the risks that this can cause to collateral providers with complex collateral ‘chains’ (see Article 15).
Financial Contract data capture – thought you were done, well think again!
In early March the European Banking Authority (EBA) published a consultation paper outlining draft regulatory standards for the minimum set of data that institutions should hold on their contracts within the European Union.
Seven Deadly Sins of Contract Data Capture
1. Unwitting ‘standardisation’ – the temptation to knock a few edges off a square peg and squeeze it into the round hole provided in the data capture platform, to avoid yet another agreement that’s ‘stuck’, waiting for an upgrade to the application. Of course it will be the provisions where transparency is key that will be swept under the carpet in this way.