By Navin Mahavijiyan & Lisa Rothenberg
The volume of repapering necessary to comply with the new rules governing margin requirements for non-centrally cleared derivatives (UMR) presented financial institutions with new and unexpected challenges. Too many UMR initiatives suffered significant hurdles that contributed to delays and missed deadlines. At the same time, it provided many lessons learned which can be applied to any documentation remediation effort.
This whitepaper highlights best practices to manage a large repapering initiative that can be applied to MiFID II or any repapering project.