Sapient Global Markets explored the viability of a cloud-based version of its Compliance Management and Reporting System (CMRS) as far back as 2010, when it was first laying out the product roadmap for Dodd–Frank compliance. Customer feedback was largely negative. Data security was considered too important. Sapient decided it would design for cloud but not build for it.
"That whole equation changed when EMIR came online," says Arun Karur, vice president at Sapient. "All of a sudden you had all s
James talks about his trip to Chicago and some of the interesting topics that came up (including a look at disaster recovery demands). Then Anthony and James touch on ISDA's initial margin rules, with Phase 3 going live next year.Subscribe to Weekly Wrap emails