ESSENTIAL
FX REGULATORY CHANGES
..and the Solutions to Address Them

Agenda

Dodd-FrankDocumentation (ISDA/Credit Docs)

Trade Acknowledgements

Trade Confirmations

Trade Repository Reporting

Central Counterparty Clearing

Position Compression

Position Reval., Margin and Collateral Management

Record Keeping

Eligibility and Disclosure (Business Conduct Stds)

Overview of the Regulatory Changes

Implications for FX Market Participants

EMIRDocumentation (ISDA/Credit Docs)

Trade Acknowledgements
Trade Confirmations

Trade Repository Reporting

Central Counterparty Clearing

Position Compression

Position Reval., Margin and Collateral Management

Record Keeping

Software Solutions to Address the Regulatory Requirements

Overview of Regulatory Changes

Post 2008 Financial Crisis the Group of Twenty (G20) called for reform to improve practises in OTC derivatives markets.

Identified need to strengthen international financial regulatory system.

New regulations aim to: -bring about safer financial markets and address the risks of OTC trading across jurisdictions

enhance transparency, promote financial stability and support the detection and prevention of market abuse

Regulators have aimed for consistency between jurisdictions