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ISDAs WGMR initiative will play an important role in helping firms comply with the rules, and Im confident Tara will do a terrific job in overseeing this complex project, said Scott OMalia, ISDAs Chief Executive.
Mary led the WGMR initiative during an important and challenging time, and we wish her all the best in her future endeavors, Mr.
In February 2013, the WGMR undertook a second, "near-final" consultation, which sets the stage for completion of a final recommendation sometime this summer.
The ISDA SIMM has been developed as part of ISDA s Working Group on Margining Requirements (WGMR) implementation initiative to help market participants meet new margining rules for non-cleared derivatives.
The selection process was run by a committee comprised of ISDA staff and industry participants, active in ISDA s WGMR implementation initiative.
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