Post-crisis COOs turn to outsourcing for collateral management

Chief operating officers at global asset management firms are increasingly looking to outsource some of their collateral management to third-party service providers to meet post-crisis regulatory change. In Asia, regulators and exchanges in Hong Kong, Japan and Singapore have endorsed the G20 commitment made in September 2009 requiring mandatory clearing of standardised OTC derivatives through a central counterparty (CCP). For OTC contracts that cannot be cleared by a CCP, meanw…