Key UMR challenges can be broadly categorized into two groups - IM calculation and IM collateral management, but firms may also face additional challenges regarding volumes.
First, the volume of in-scope firms across phases 5 and 6 of UMR (approximately 300 in phase 5, and more than 600 in phase 6) creates a challenge as firms compete for mutual resources at the same time, whether that’s custodians, counterparties, vendors, or consultants. Second, the volume of tasks required to prepare for UMR – and the number of participants impacted right across the organization (Trading, Risk, Technology, Legal, and & Operations) may create its own set of project delivery challenges.
Neil Murphy discusses these issues and more in the podcast below.
TriOptima: Key UMR Challenges Explained
Tune in to the latest podcast from TriOptima’s Neil Murphy as he discusses challenges firms are tackling regarding phases 5 and 6 of UMR.
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The views expressed in this program are solely those of the host and speakers in their individual capacity and they do not necessarily reflect the views of the program’s sponsors or the entities with which any of the participants are affiliated. The contents of this program are for informational and educational purposes only. They do not constitute and should not be considered legal, tax, investment advice or a solicitation of the sale or purchase of any futures, options or swaps contracts.
