BNY Mellon’s MiFID II advisor appointed regulatory affairs head at WFE
Richard Metcalfe joins WFE as head of regulatory affairs, replacing Gavin Hill who will join the compliance team at the London Metal Exchange.
Richard Metcalfe joins WFE as head of regulatory affairs, replacing Gavin Hill who will join the compliance team at the London Metal Exchange.
Several industry associations have called for a ‘transitional period’ to ensure compliance with the incoming variation margin rules.
FIA, GFMA, IIF, ISDA and TCH have responded to recent CPMI-IOSCO guidance urging for greater transparency for clearing members.
ISDA members said they encountered problems immediately after implementing swaps margin rules on 1 September.
ISDA’s research finds standardised derivatives processing could be achieved through use of data.