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Collateral management: Addressing different regulatory requirements
Journal of Securities Operations & Custody,
9
(2),
178-184
(2017)
Abstract
Regulatory tightening, a major consequence of the global financial crisis (GFC), is one of the many challenges the financial sector is currently facing. To address stricter financial rules, a fast and efficient implementation of the newly issued requirements is one of the key topics, industry stakeholders across the globe need to focus on. This paper provides an overview of major implementation areas while focusing on the regulatory requirements under Dodd Frank (DF) and European Market Infrastructure Regulation (EMIR). In addition, practical guidance for the monitoring and implementation of risk mitigation requirements is provided. The paper concludes on key factors for a successful implementation.
Keywords: collateral, EMIR, Dodd Frank, regulation, risk mitigation, clearing
The full article is available to subscribers to the journal.
Author's Biography
Jan Heckler is Head Asset Management Business Services at Swiss Re and is responsible for all financial markets related operational activities. Additionally, his duties encompass all tasks related to Swiss Re’s middle office, a support function for several asset management desks. Before moving to business services, he worked in various finance departments and as a portfolio manager. Mr Heckler gained a university degree in economics from the University of Augsburg and is a CFA charter holder. Gesine Gehring is Head Asset Management Operations at Swiss Re. In her role she oversees various functions, such as settlements, payments, reconciliations, custody and collateral administration. She started her professional career almost 12 years ago at Swiss Re and held various positions within the company. Ms Gehring holds an IE Brown Executive MBA, a degree jointly awarded by Brown University and IE Business School. In addition, she holds a university degree in environmental sciences from Karlsruhe Institute of Technology and is a Chartered International Investment Analyst (CIIA) as well as a Dipl. Swiss Fund Officer FA/IAS.
