PwC – Finadium

AFME, bank regulation, PwC

AFME published a new study, Impact of Regulation on Banks’ Capital Markets Activities: An ex-post assessment, which was produced in collaboration with PwC. While there have been many forward-looking studies examining how banks may…

BNY Mellon Research Finds Collateral Pressures Impacting Most Buy-Side Institutions

June 26, 2017

BNY Mellon, collateral, Liquidity, PwC

The global buy-side community finds itself under intense liquidity and funding pressures in 2017. Across the world, financial institutions face new mandates to collateralize OTC derivatives trades, requiring them to…

Is Collateral Management 2.0 the right title for the changes we see today?

September 26, 2016

Basel III, Blockchain, Collateral Management, Operations

collateral management, GlobalCollateral, PwC, topstory

A recent paper produced by DTCC-Euroclear GlobalCollateral and PwC had the compelling title, “Collateral Management 2.0: Preparing for OTC Derivatives Margin Regulation and Beyond.” Reading through, we wondered what parts…

US$27 billion in cost from collateral settlement fails? Hmm, let's take a look at that number.

March 2, 2016

Collateral Management, Market infrastructure, Operations, Settlements

collateral, DTCC-Euroclear GlobalCollateral, GlobalCollateral, PwC, settlement fails, topstory

DTCC-Euroclear GlobalCollateral Ltd and PricewaterhouseCoopers recently published a white paper, “Implications of Collateral Settlement Fails.” The paper claims that “the total value of collateral settlements that are expected to fail…

DTCC publishes white paper on impact of collateral settlement fails

February 23, 2016

collateral, DTCC-Euroclear GlobalCollateral, PwC

Suggests industry-wide unsupported exposure due to collateral settlement failure for sell-side firms alone is estimated to be $27 billion Brussels/London/New York – February 23, 2016 – DTCC-Euroclear Global Collateral Ltd,…

BNYM/PwC: The Future of Wholesale Funding Markets

December 10, 2015

US tri-party reform is just the first step in the evolution of wholesale funding markets, according to new joint BNY Mellon-PwC study LONDON, NEW YORK, December 10, 2015 – Market…

Non-cleared margin rules will have serious knock-on effects to securities financing markets

December 2, 2015

Jonathan Cooper

Basel III, CCP, Central Counterparties, Collateral Management, Custodians, Derivatives, Dodd-Frank, Featured, Market infrastructure, Regulatory, Repo, Risk Management

ISDA, non-cleared derivatives, PwC, topstory

Late in October, US regulators announced final rules for margining of non-cleared dereivatives. This topic has been controversial since it imposes margin requirements where there often weren’t any before and…

FINRA gets into the liquidity and funding management fray

October 21, 2015

Jonathan Cooper

Collateral Management, Featured, Market infrastructure, Regulatory, Repo, Risk Management, SEC, Systemic Risk

FICC, PwC, topstory

A Regulatory Brief from PwC “Broker-dealers: Lock in your Liquidity” (October 2015) looks at recent regulatory guidance on liquidity risk management from FINRA. While these are not rules per se, PwC expects…

PwC Report Reviews State of Global Financial Market Liquidity

August 13, 2015

GFMA, Liquidity, PwC

Washington, 12 August 2015 – The Global Financial Markets Association (GFMA) and the Institute for International Finance (IIF) today released a comprehensive new report from PwC on the state of global market…

PwC: Financial market utilities: Is the system safer?

February 19, 2015

Financial Market Utilities, PwC

It has been two and a half years since the Financial Stability Oversight Council designated select financial market utilities (FMUs) as “systemically important.” As a result, systemically important FMUs (SIFMUs)…

Why T2S is a good deal for liquidity management

September 5, 2013

Basel III, Cash management, Collateral Management, Europe

Basel III, Clearstream, collateral, PwC, settlement, T2S