HSBC Private Bank Picks Bloomberg for Margin Data Management
The bank is one of a number of firms that have chosen the Bloomberg solution for collateral management and reconciliation.
Bloomberg's solution helps identify collateral requirements, and eligible collateral in different jurisdictions.
HSBC is among a number of firms that have chosen to implement MARS ahead of the March deadline for stricter margin requirements for non-centrally cleared over-the-counter derivatives. MARS provides cross-product, cross-asset support for Dodd-Frank and EMIR compliance, effective capture of legal documentation, automated messaging, risk analytics and portfolio reconciliations.
"It's a business imperative to trade these types of instruments, so compliance too becomes a business imperative," says K
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Waters Wavelength Podcast Episode 88: CBOE's Bryan Harkins, SEC Hack, Esma Proposal
Bryan Harkins joins to discuss how the CBOE-Bats integration is going and plans for the exchange operator going forward. Anthony and James talk about the SEC hack and Esma's potential new powers.
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