A new report, co-sponsored by The Depository Trust & Clearing Corporation (DTCC), details best practices to optimize collateral management in an evolving regulatory landscape.
The 19-page report, Collateral Management & Securities Lending, North America, published by Clear Path Analysis, features sections written by Ted Leveroni, DTCC Executive Director of Strategy and Buy-Side Relations, and Richard Enfield, DTCC Executive Director of ProtoColl Product Management.
In his section, “Meeting Collateral Demands,” Leveroni asserts that “the introduction of central clearing and increased margin requirements for non-centrally cleared derivatives have put a strain on market participants’ ability to manage their collateral processes due to antiquated and siloed collateral management systems.” Relieving that pressure, Leveroni notes, depends on cross-border collaboration and development of industry-wide solutions.
Enfield discusses the operational and regulatory impacts of monitoring and processing collateral in his section, “Creating Solutions for the Proposed BCBS/IOSCO Global Requirements for BCBS/IOSCO Global Requirements for Non-Cleared Derivatives.” Enfield urges firms to “analyze their own unique business operations and determine whether or not their in-house systems and processes will support their future needs.”
Collateral Management & Securities Lending, North America is available free for download from the Clear Path Analysis web site.