Rule Financial Launches Three OTC Clearing Service Solutions
Rule Financial, a provider of business and IT consulting services to the financial services sector, has launched three over-the-counter (OTC) clearing service solutions for market participants facing an imminent tidal wave of new OTC derivatives regulation. The service solutions support banks, investment managers and central counterparties (CCPs) and are designed to meet both the business and technical challenges of reform. They have been developed based on Rule Financial’s market expertise, as well as experience from 15 OTC clearing engagements with sell-side, buy-side, and a CCP over the past 18 months.
As the industry grapples with regulatory reforms, such as the Dodd-Frank Act in the US, the European Market Infrastructure Regulation (EMIR) and the global Basel III reforms, Rule Financial believes the three new service solutions will help resolve the business, operations and IT challenges that clients face in light of the new requirements.
Harjap Bal, principal consultant at Rule Financial, said: “Our derivatives and markets specialists each have more than 15 years of investment banking expertise, and our direct experience of 15 OTC derivatives clearing engagements over the past 18 months has enabled us to shape best practise solutions and resolve the common and emerging challenges experienced by our clients across the entire OTC derivatives landscape.”