Even with the delayed implementation of the last phases, the challenge that lies ahead for initial margin should not be underestimated.

Phases 5 and 6 will encompass a large number of different types of counterparties and will need careful planning.

Communication channels should be opened as soon as possible with your in-scope counterparties in order to start preparing for the legal and operational challenges of IM Phases 5 and 6.

We can help: regulatory projects and remediation are our core expertise. Drop me a line at na**************@ka******.com for more information.