A Memorandum of Understanding (MoU) has been agreed with FMSB, the Bank of England and the Financial Conduct Authority. This tri-partite MoU sets out a high-level framework formalising the continuing cooperation between FMSB, the Bank and FCA in relation to the delivery of FMSB’s primary objectives as recommended in the Fair and Effective Markets Review Final Report. See the media release.
FMSB Spotlight Review highlights ways to improve Uncleared Margin processes for OTC Derivatives
Financial Markets Standards Board (“FMSB”) has today published a Spotlight Review on Uncleared Margin for OTC Derivatives. The Spotlight Review illustrates the impact of key frictions and support for potential solutions in greater detail than has been before, thereby...