1. Public Policy
  2. Europe
  3. Joint Trade Association Letter on the use of EEA UCITS as Collateral in UK rules on Collateralization

Joint Trade Association Letter on the use of EEA UCITS as Collateral in UK rules on Collateralization

Public Policy
Europe April 19, 2021
< 1  min.read

On April 19, 2021, ISDA, the Alternative Investment Management Association, Investment Company Institute, the Institutional Money Market Funds Association and SIFMA’s Asset Management Group sent a letter to the Bank of England, Financial Conduct Authority and HM Treasury to ask them to permit EEA UCITS to be used as collateral in their non-cleared derivatives business. Under the current rules, UK UCITS would be the only UCITS eligible under UK rules after March 2022.

Tags:

,

Documents (1) for Joint Trade Association Letter on the use of EEA UCITS as Collateral in UK rules on Collateralization

Latest

Addressing Termination Troubles

When Enron announced a shock $618 million loss on October 16, 2001, it took a further 47 days until it filed for bankruptcy. For Bear Stearns, it took 266 days between its bailout of a structured credit fund run by...