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Collateral management then and now
Journal of Securities Operations & Custody,
13
(4),
381-388
(2021)
Abstract
Post the 2007–2008 financial crisis, regulators have emphasised on increased capital requirements, resiliency and transparency. Financial firms globally are focusing on improving their collateral, liquidity and risk management functions. Firms are looking at innovative solutions to optimise the use of collateral in order to maxi mise liquidity, while realising the traditional goals of operational efficiency and counterparty default risk management. This has led to the convergence of collateral and liquidity. This paper discusses how, irrespective of approach, all participants will need to share common goals if they must be successful. These goals will share common themes of improved efficiency, risk management and liquidity.
Keywords: financial crisis; regulators; capital requirements; resiliency; trans parency; liquidity; risk management functions
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Author's Biography
Manan Shah is a director at PricewaterhouseCoopers. He is a global leader with over 15 years of experience in transforming the largest financial organisations from strategy through execution. In his role, he has cultivated client relationships, identified client relationships, identified opportunities and managed delivery teams. Manan has expertise delivering solutions across all functions trade capture, middle office processing, settlement, clearing, collateral and counterparty risk management, liquidity, risk management and compliance. He has expertise in digital transformation, business and technical architecture development, business process redesign, vendor selection and implementation and programme management. Manan is recognised as a market leader in collateral and counterparty risk management field. He has been invited to participate in ISDA working groups to provide guidance and expertise in order to make financial markets safer, more transparent and operationally efficient. He has published a number of articles in major publications and regularly manuscripts seeking publications for industry journals. Manan works actively with numerous financial services publications and serves on the Editorial Board of many of these publications. Due to his expertise and contributions to the industry through professional services, Manan was honoured as one of 25 Global Consulting Leaders for 2018 by Consulting Magazine, the flagship publication of the consulting profession. Manan holds a double Master’s degree (City University, London and Carnegie Mellon University, Pittsburgh).
