Collateral is viewed as a solution to and a trigger of massive financial losses that occurred as a result of the financial crisis of 2008. In response, policymakers around the world have enacted new rules and legislation, including the Dodd-Frank Act (DFA) in the United States, European Market Infrastructure Regulation (EMIR) and Basel III regulations, to increase market stability and resiliency, enhance transparency and reduce risk. As a result, these rapid changes in the financial markets are impacting the management, mobilisation and transformation of collateral.
Mark Jennis, DTCC, provides an overview of collateral and highlights key drivers for change and the solutions and opportunities for buy-side market participants to respond to regulatory and industry challenges.
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