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Usain Bolt, Mo Farah and the race to reducing settlement cycles?
Usain Bolt’s reaction time from the gun is critical. He requires the ability to explode from the blocks, optimise momentum into the drive phase and then maintain maximum speed through to the finishing line. The race is too short for errors to be corrected and still win. Indeed, a huge proportion of Usain’s training is […]
We’ve moved…
The Field Effect has moved from Canary Wharf to the City. Our new offices are over in Clements Lane to give us more space and a central location. Our new mailing address is: The Field Effect 27 Clements Lane London EC4N 7AE Call us on: 020 3906 7369
The future state of securities financing: evolution or revolution
“The secret of change is to focus all of your energy, not on fighting for the old, but building the new” – Socrates Most of us don’t like change change, particularly within the securities industry, most will try to actively avoid it. Consequently, market practices evolve at a glacial pace, all too often ignoring the […]
SFTR Scenarios & Key Considerations
Following extensive review of the SBL / Repo Landscape – including the actors involved, information flows and functional requirements, we have identified four SFTR reporting scenarios that firms will need to consider: Some firms will be looking to fully delegate the reporting function, including data enrichment before sending data to a Trade Repository. Others will […]
Merging of stock lending & OTC derivatives collateral management
Derivatives and Securities Finance businesses are clearly aligning. Both business areas are looking to mitigate their capital consumption and maximise the use of collateral. Driven by increased Initial Margin demands in the OTC space, some firms are aligning their collateral management functions in order to maximise optimisation and use of collateral, whilst leveraging Tri-Party processing efficiency. This […]
NSFR Impact Analysis – Mark Barnard
Implementation of the first tranche of funding ratios (LCR) was relatively painless. This potentially lulls us into a false sense of security when considering the next tranche – NSFR. Whilst LCR changed the funding profile of the industry, NSFR’s movement of the tenor of liquidity generation to greater than 6 or 12 months dependent upon […]
New Article: Trends & Challenges in Collateral Management
Simcorp asked David Field & Nick Stafford to write an article on the current trends and challenges in collateral management. Industry players tend to react too late to regulatory change, necessitating tactical and inefficient projects. For quite some time the focus for sell-side firms has been reducing costs, we see serious savings if steps are […]
SFTR dominates the ISLA Conference
There was lots of talk of SFTR impacts at the ISLA conference last week. It’s clear that the enormity of changes required to meet reporting requirements at both an industry and individual firm level are starting to concern market participants. Firms are at varying stages on their preparation timeline and there is still much to […]
SFTR Impact Analysis
Whilst the drive is towards SFTR compliance, the business will need to know the impact on their trading activity and operating model. Additionally, what are the costs of implementing SFTR and on-going reporting? Like many regulations, its envisioned that there will be further enhancements in the future, once the dust has settled, what will be […]
The Field Effect is heading to the ISLA Conference 2017
David Field (Managing Director), Mark Barnard (Sec Finance Practice Lead), Simon Davies (Senior Consultant) & Neelam Rathod (Senior Consultant) will be attending this year’s ISLA conference. They are looking forward to meeting you all and discussing major challenges facing the industry including SFTR. To read more about the event, click here
