Tag: ‘Big Bang’
Prudential Regulators do the prudent thing
US’ Prudential Regulators (FDIC, Federal Reserve, FDIC, OCC, FHFA and FCA) have become the latest to issue a proposal for amending Swap Margin Requirements. The CFTC was the first regulator to adopt the BCBS’ mitigation recommendations, staggering the ‘Big Bang’ Phase 5 and 6 thresholds, so it was only a matter of time for the […]
VM/IM Repapering: Learning the lessons from ‘Big Bang’
What did we learn? 1 March 2017 – deadline day for ‘big bang’ – has come and gone. We all breathed a sigh of relief. Or did we? Regulators recognised the fact that firms would not be compliant and, in general, counselled the industry to ‘do your best to get it done by 1 September’. […]