Latest / The FTF Exchange Podcast
UMR Compliance Will Involve All Internal Groups
At a high level, Neil Murphy, business manager at TriOptima, says in the latest FTF Exchange podcast that the key challenges for compliance with the Uncleared Margin Rules (UMR) deadlines can be summarized as all relating to the high volumes of required tasks and the number of firms coming into scope for these regulations. In addition to the many tasks involved, UMR requires many parts of the firm to get involved: trading, risk, technology, legal, and operations, Murphy says. In general, UMR compliance is a 12-month challenge, he adds. “In terms of the volumes of firms, across the earlier…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.