Majority of asset managers are unprepared despite deadline extension.
Majority of asset managers are unprepared despite deadline extension.
Margin calls increased due to volatility caused by the Covid-19 pandemic.
Daily margin calls increased during the March volatility.
The industry spends more than $20bn a year processing trades.
They aim to help mutual clients reduce the cost of margin management.
Covid-19 has delayed bilateral margin requirements by one year.
Client ability to meet margin calls is a major worry in the medium term.
This was an increase of 10% versus the end of 2018.
The final implementation phase will take place on 1 September 2022.
