Businesses are adapting to digital innovation, the changing regulatory environment, as well as the risks involved therein. The impact of these changes on risk management and internal auditing will be discussed in detail at the 10th Annual Internal Audit & Governance, Risk and Compliance Forum.
BNY Mellon's MD Interviewed – collateral management outsourcing and tri-party agreements
In preparation for the 10th Annual Collateral Management Forum in Amsterdam, we asked Mark Higgins, Managing Director and Business Development Director at BNY Mellon, to share his thoughts on tri-party agreements in collateral management and the current market situations. Mark will be one of our esteemed speakers in Amsterdam. You can read his answers below.
Managing Director, Business Development Director
BNY Mellon Collateral Management & Segregation
1. How much has the position of tri-party agents in the European market changed recently? What do you consider the reason for this change (or lack thereof)?
The use of Triparty agents to control the collateral management process has certainly been on the up over recent years. This is certainly a result of the changes and growth in the secured finance market, where many firms have elected to move away from the use of Cash collateral and take a wider range of non-cash assets. As the collateral range has expanded, many have taken the chance to move on from a bilateral approach to margin management and use Triparty agents to control the collateral selection and allocation.
2. How significantly can the new margin requirements impact tri-party agreements?
10th Annual Collateral Management Forum will be held on October 20-21, 2016 in Amsterdam, Netherlands. Click on the link below to know more:
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