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TriOptima: Key UMR Challenges Explained
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.
Initial margin compliance
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