Industry leaders gathered at FOW’s Post Trade forum in London on Wednesday
Experts have warned there is more to be
done before European clearing mandates kick-in over the coming
months, with on-boarding clients the current focus.
"When thinking about readiness for the key
May 21 requirement for category two firms to start
front-loading under European Market Infrastructure Regulation
(Emir), it is a bit late for firms to be thinking about how to
do this. They should now be ready for this crucial date," said
one of the panellists.
"Firms should be aware and concerned that
the doors are rapidly closing. On-boarding and meeting these
deadlines is now key," he added.
The comments were made at
FOW’s Post Trade forum Wednesday, which saw
industry experts and operations execs from the buy- and
sell-side gather to examine the post trade and collateral
management issues affecting our industry today.
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