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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 […]
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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 […]
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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 […]
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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 […]
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With 2019 upon us, the first deadlines for banks to comply with the QFC Recordkeeping regulation are just around the corner. The final rule, detailed under the Dodd-Frank Act, will provide US regulatory authorities visibility into firms’ financial exposures and counterparty relationships to reduce the market risks and potential impact in the case of a […]
