Singapore/Hong Kong, 22 November 2022 – S&P Global Market Intelligence was awarded Best Solution – Initial Margin Compliance in the 5th Regulation Asia Awards for Excellence 2022 at an in-person ceremony on 22 November 2022.
S&P Global Market Intelligence was recognised for an end-to-end workflow SaaS tool that enables regulatory compliance with the Unclear Margin Rules, or UMR, which was introduced in 2016 and reached its sixth and final phase of implementation on 1 September 2022. The final phase brought into scope more firms than in any of the previous phases, introducing different operational and technological challenges given their relatively smaller size and lower appetite for set-up costs.
S&P Global Market Intelligence addressed these challenges through a SaaS tool that delivers a complete margin ecosystem – helping in-scope firms to accurately perform margin calculations to quantify the impact of proposed trades, set their IM for completed trades, and manage the margin exchange workflow. It automates margin call processing, manages exceptions, ensures transparency for audit purposes, and supports model validation, back-testing, collateral selection and optimisation, portfolio reconciliation, and more.
“S&P Global’s deep functionality, embedded connectivity to data sources, and flexibility of implementation are some of the features that stand out,” said one judge on the Regulation Asia awards panel. “The solution’s pre trade analytics capabilities are also significant, particularly for Phase 6 firms, as it allows them to incorporate margin impacts in their decision-making and ultimately conserve capital.”
The solution performs calculations based on either the ISDA SIMM and Schedule models, with full sensitivity and cross-asset coverage of interest rates, equities, FX, credit, commodities, cryptocurrencies, as well as an increasing number of exotic derivatives.
About the Regulation Asia Awards for Excellence 2022
The Regulation Asia Awards for Excellence recognises financial institutions, technology companies, legal and consulting firms, exchanges and other players that help ensure the highest regulatory compliance standards are upheld in the financial industry. Each year, senior industry practitioners serve on a judging panel to help assess and score each submission to determine the winning entrants.
For a full list of the award 2022 winners, visit www.regulationasia.com/awards.
About Regulation Asia
Regulation Asia is the leading source of actionable regulatory intelligence for Asia Pacific markets. With over 12,000 subscribers, including regulatory bodies, exchanges, banks, asset managers and service providers, Regulation Asia plays a key role in shaping the regulatory agenda.