These new draft Regulatory Technical Standards revise the current framework to bring requirements for exchange of variation margin for over-the-counter derivatives trades into line with BCBS-IOSCO standards applicable in many other key jurisdictions
The new functionality is expected to improve operational efficiency and remove unnecessary complexity so that overall risk is mitigated and collateral is ultimately released quicker
The aim is to build a digital infrastructure prototype that helps issuers and governments meet sustainability goals, with projects guided by experts from industry and civil society
Citi becomes the first FCM to connect to ICE Clear Europe via the Baton Systems platform, facilitating automation and optimisation of collateral movements
