Financial Stability

UMR threatens to bar smaller financial firms from OTC derivatives markets

By Justin Pugsley
BRR fallback image

Phase 6 of uncleared margin rules (UMR), the final one, kicks in on September 1 and there are growing concerns in the industry that many smaller asset managers and hedge funds may not be ready in time. Worse still, some are apparently barely aware of what is coming down the ...

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