Uncleared margin reform – Variation Margin CSA model launched

With banks scrabbling to meet the uncleared margin regulation deadlines to be able to continue trading, most are scrabbling about with spreadsheets of data.

This ‘band-aid’ approach may appear to work in the short term, but with many CSAs being amended rather than completely repapered, and poor data quality held for these existing agreements problems are being stored up.

Undoubtedly banks adopting a simplistic approach will be revisiting these same agreements in the coming year to remediate their data quality issues, particularly as they look forward to more advanced usage of the data such as optimisation, rather than just capturing the subset of data needed for day to day operations.

If you value the accuracy of your data and want to do something better in less time, come and talk to us.