Aussie asset managers struggle to meet ‘bank-like’ collateral, margin obligations
New margin and collateral requirements imposed by UMR and its regulator, Apra, are forcing buy-side firms to find tools to help.
Australian asset managers are facing increasing regulatory pressure to perform, and since 2021, have been required to undergo a yearly assessment of their superannuation products by the Australian Prudential Regulation Authority (Apra).
Super funds, which hold A$3.9 trillion ($2.6 trillion) in assets as of March 2024, are held accountable for any underperformance. If a superannuation product fails the test two years in a row, it will not be allowed to accept any new contributions until it passes
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