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Lombard Risk, a Vermeg company and global dedicated provider of collateral management and integrated regulatory reporting solutions, is enhancing its capabilities across triparty agents through a new partnership with international central securities depository and settlement and custody firm Clearstream. This cooperation comes ahead of the regulatory deadline for Initial Margin requirements Phase 3 under the European Market Infrastructure Regulation (EMIR) in September and other jurisdictions.
EMIR aims to increase transparency in exchange trading and reduce systemic counterparty as well as operational risk within the international financial system. The new legislation requests all standardised derivatives contracts to be cleared through central counterparties. In...
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