Credit Suisse will get access to “world-class” technology in joint venture
CCP exposures not in scope of new regime, but clearing members are
“Historical relationships” will make it difficult for prop traders and others to make markets on Sefs
Finra says year-long approval process revealed "notable outliers"
Banks expected to sell NPLs to improve stress-test resilience
FCMs said to be struggling to turn a profit
BlackRock and Citadel say all participants should accept exposure
With regulators watching closely, US banks are reining in the duration of bond portfolios
There "could be a role" at one of the market's new utilities
Russian bank's trading head says political crisis has not spilled into local markets
European air giant trying to persuade customers to pay in euros
Default risks for Russia and Ukraine have risen 20% during crisis
Impartial access rules for Sefs allow firms to gatecrash interdealer market
New swap trading platforms are often seen as a way of levering open the OTC market for a range of non-dealer market-makers – from opportunistic buy-side firms to aggressive Chicago prop shops. But how many of these firms are serious, and what difference...
Jon Kinol will lead a new electronic market-making project, leaving David Tait as sole head of the bank’s macro products group
Not too big to fail?
FDIC's single-point-of-entry method applauded but concerns still linger
UK tax authorities exclude client collateral received as a result of clearing activities from bank levy, after complaints it would act as a disincentive to clearing
Execution agreements that have taken years of work cannot be used on Sefs - and a big change is needed if they are to survive at all
Buy-side firms angry about continuing margin disparity and uncertainty
From Berlin to Birmingham, from Tampa Bay to Dallas, banks have tried to boost their risk management resources – while keeping a lid on expense – by building teams in relatively low-cost cities. But do these far-flung offices improve performance?...
Adapt and comply
Speaking at Sifma AGM, former US president says OTC market should have been forced into collateralised regime before 2008 crisis
Rules allowing Sefs to make available-to-trade determinations continue to cause concern, but some think an aggressive approach is justified