Delays to IM model approvals causing ‘anxiety’ for MetLife
Isda AGM: US insurer says regulators unprepared to accept docs where model approval is obligatory
Buy-side firms caught in the fifth wave of non-cleared margin rules are growing anxious about their ability to adopt the standard initial margin model, or Simm, in jurisdictions where they are subject to model governance requirements, as the pace of approvals has stalled while anticipated relief is yet to materialise.
Some larger phase five firms plan to use internal models to calculate their own initial margin requirements. These models do not require approval by US regulators, but they need
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