Markets

UMR phase 6: Margin mayhem begins unless dispute resolution is reformed

By Philip Slavin
BRR fallback image

To quote a former Prime Minister, the final phase of the Uncleared Margin Rules (UMR) is “not the end, it is not even the beginning of the end, but it is, perhaps, the end of the beginning”. The sixth and final phase of UMR has been well telegraphed and firms ...

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