Geithner Addresses Margin Requirements within the Financial Markets
In a speech delivered on September 14, 2006, New York Federal Reserve President, Timothy F. Geithner discussed the importance of margin requirements and collateral in managing counterparty credit risk. Mr. Geithner also spoke on developments in improving processes surrounding CDS and suggested that regulators may soon focus on margin practices. In his remarks Mr. Geithner stated, "The question for policymakers is whether the mix of capital and margins produced by the market is appropriate from the perspective of the financial system as a whole."
Mr. Geither addressed the Group of 14 Dealers' progress to improve the infrastructure that supports the CDS market and stated that the New York Federal Reserve Bank and Group of 14 will discuss efforts to improve the processes in other OTC derivatives markets such as equity derivatives in a meeting next week.
Click here to read remarks by Timothy F. Geither
The Asset Managers Division of The Bond Market Association works closely with the Group of 14 Dealers on these matters and will continue to report on salient developments.
Upcoming Events for Asset Managers
Click on the links below to learn about upcoming events that are relevant to the business activities of asset management firms.
September 25, 2006 AMF/GFMI Training Class on Intro to Fixed Income
October 4, 2006 AMF Corporate Actions Lunch & Learn
October 12, 2006 AMF Workshop on Fails Management and Resolution
October 13, 2006 AMF Quarterly Meeting
October 14, 2006 Industry Wide BCP Test
November 2-4, 2006 Fixed-Income Securities Operations Conference