You want to know that your firm will not be dragged underwater if one of the companies you do business with, or that issues securities you hold, gets sunk by a fraud scandal or excessive leverage. But how much do you need to know? Firms are now starting to assess the level of granularity needed, establishing what level of detail is required to have a clear understanding of exposure.
As a result of the chaos experienced following the collapse of Lehman, as well as a raft of regulations worldwid
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