Bank of England warns some companies could be systematically under-marginated for UMR
The Bank of England’s Prudential Regulation Authority (PRA) has highlighted issues with the governance of the Standardized Initial Margin Methodology (SIMM) model and companies’ abilities to identify and correct underperformance of the model. The review sheds light on the upcoming UMR Phase 6 deadline on September 1, impacting the largest number of buy-side companies...
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