It can be hard to work out what is suitable for outsourcing in an in-house legal team. Following these steps will give you a better handle on what work goes where and at what cost. It will also identify outsourcing opportunities.
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 …
