The derivatives industry has been working to comply with uncleared margin rules or UMR under the BCBS/IOSCO framework since the first deadline back in 2016. But this year and next are big years for UMR in that the two next phases – phases 4 and 5 and category 5 in particular, captures a large number of firms across multiple business types. In this DerivSource podcast, we explore UMR the key elements of an UMR implementation plan with the help of margin expert, Chetan Joshi of boutique practitioner-lead consultancy, Margin Reform. Read related Q&A here.
