01
Background to IM and UMR
Why did UMR come about?
02
IM Scope
The phases of UMR and AANA, plus the proposed new UMR phases.
03
Regulatory Variation Margin vs Initial Margin
An overview of VM and IM to meet the regulations.
04
Initial Margin Collateral
How custodians fit into the picture to cover IM exposure.
05
An IM Tidal Wave?
A quantified look at the July 2019 BCBS IOSCO UMR re-phasing proposal.
06
Delivery Timescales
Thoughts on how long your firm may take to prepare for UMR.
