Lombard Risk Management (LSE: LRM), the leading dedicated global provider of integrated regulatory reporting and collateral management solutions, is pleased to announce that it has been nominated as a finalist in the upcoming Spotlight Awards. Organized by RegTech Markets in partnership with ING, the awards shine a light on the world’s best and brightest RegTech firms – from 600 RegTech innovators and companies, down to a selection of 50 of the world’s most exciting RegTech firms which have demonstrated the power and potential of their solutions to the judging panel across seven categories.
Article by The Business Desk.com featuring Lombard Risk’s technology centre in Birmingham with references to the latest annual financial results announcement.
Helen Nicol, Global Product Director – Collateral Solutions, Lombard Risk, discusses the strategic collateral management options firms are evaluating as they look to comply with regulations, including Basel III, Dodd-Frank, EMIR, and MiFID II, despite ongoing uncertainty caused by political disruptions.
Tracey Adams of Lombard Risk examines examples of three challenges faced by market participants caught up on the first wave of SIMM.
In September 2013, the Working Group on Margin Requirements (WGMR), a group mutually run by the Basel Committee on Banking Supervision (BCBS) and the International Organization of Securities Commissions (IOSCO), issued a final margin policy framework for non-cleared, bilateral derivatives. A key component of the WGMR implementation programme is the Standard Initial Margin Model (SIMM) project, which is focused on developing a common initial margin methodology that can be used by market participants globally.
While the industry has talked conceptually around SIMM for the last three years (indeed, it has been a topic that has consumed conferences and forums), it has only been since 1 September 2016, when SIMM went live for the largest derivatives users, that it has really shaken institutions into action. So, in a world where we have become so used to the regulatory environment, to the point of fatigue, why has the International Swaps and Derivatives Association’s (ISDA) SIMM caused so much of a flutter? More importantly, why and how is SIMM encroaching onto the processes and capacity of the securities lending environment?
Tory Clements, Regional product head collateral management for the Americas, Lombard Risk discusses the rise in CCP popularity to satisfy market demand, the need for connectivity and alignment across front office, risk, treasury, collateral and settlement processes for both the sell and buy side and why a robust collateral management solution can serve a dual purpose, in both managing risk and in mitigating the burden of regulatory reporting requirements.