Author Archives: David Field

Regulatory impact on Securities Finance

It’s not just about SFTR! Change continues to affect the financial services industry.  MIFID 2 has gone live, and whilst there is still some embedding to do, there will be far reaching impacts around trading, research costs and quality, operations and reporting obligations.  We’ve also seen far reaching impacts on derivatives from regulations around clearing, […]

Collateral speed bumps?

There are not one but two speed bumps coming up on the journey towards margining non-cleared OTC derivatives. The first is the deadline for exchanging initial margin (IM) between the biggest 30-or-so sell-side players. They already exchange variation margin (VM). But IM requires a new margin model,  risk sensitivity matching to avoid disputes, connectivity to emerging […]

Welcome to the new TFE website

Hello and welcome to the first of many blog posts by myself and the team at TFE. Please do have a look around our brand new website! Our industry insights pages will be updated regularly with white papers, but we also want to keep you abreast of our thoughts as and when they occur. A […]