Page
September 1, 2021 marked a significant milestone for market participants as UMR Phase 5 finally went live. With headlines now turning attention to Phase 6, there are still many operational challenges brought to light during Phase 5 that have yet to be resolved. Learning from these challenges will help firms better prepare for Phase 6 […]
Page
With an unprecedented level of concurrent regulatory and market structure changes occurring in 2021 and 2022, many firms are asking how they can best navigate the complexity and ensure complete compliance. Transcend’s CEO, Bimal Kadikar, recently joined a panel discussion at State Street’s 2021 Collateral+ Symposium on Post-trade compliance. The panel’s topic on Post Trade: […]
Page
There are many data and operational challenges associated with Qualified Financial Contracts (QFC) Recordkeeping compliance. Last year, we highlighted the top five challenges associated with preparing QFC data for reporting. Today, as the final QFC Recordkeeping compliance date of June 30th draws near, we have compiled five of the primary last-mile challenges firms are facing […]
Page
Transcend CEO Bimal Kadikar spoke to Global Investor about the current status and approaching deadline for QFC Recordkeeping compliance. Despite industry requests for a QFC delay, “…most market participants do not believe it will be approved, because the whole reason behind QFC Recordkeeping is that during times of turmoil and high volatility, if an institution […]
Page
A US regime that a large number of global market participants are starting to fully assess could leave firms crunched for time to implement a comprehensive end-to-end solution, according to BJ Marcoullier, Transcend’s head of sales. Qualified Financial Contracts (QFC) recordkeeping, a US regulatory regime that will be in its final and largest phase as […]
Page
An Interview with Bimal Kadikar of Transcend RMA Global Markets and Securities Lending Director Fran Garritt recently interviewed Bimal Kadikar, founder and CEO of the collateral-focused technology firm Transcend, on current issues in collateral management, including the growing demand for high-quality collateral and the recent implementation of the Qualified Financial Contracts (QFC) reporting rules. Their […]
Page
Collateral management has broadened far past simple margin processing; collateral now impacts a majority of financial market activity from determining critical capital calculations to impacting customer experience to driving strategic investment decisions. In this article, we identify the top five trends in collateral management for 2018 and highlight important areas to watch going forward. The […]
