Hundreds of corporates amend OTC documentation this week, ahead of September 15 portfolio reconciliation deadline – but market participants warn of "massive non-compliance"
Temporary rules for portfolio margining by clients are set to expire in December. Hedge funds say they will stay on the sidelines until they know what happens next
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More Joe Rennison articles
HM Revenue & Customs "does not wish to discourage" client clearing business, which is caught by UK balance sheet tax
Court will rule on compromise agreement between bankrupt city and swaps counterparties
The two biggest clearing houses for interest rate swaps, CME and LCH.Clearnet, have different margin models – which may affect the prices charged to clients by clearing members. It could also affe...
Dealers have sold products their clients did not need, says top quant – and industry must refocus on legitimate risk transfer
A combination of hard work, caution and some luck saw the industry through the second of the three US clearing deadlines on June 10. But while it was a triumph for many, it proved testing for some. ...
Some banks believe capital is - or will be - needed to support guarantees to clients
Regulators want capital and margin rules to encourage central clearing, but analysis suggests costs may currently be higher in the cleared world
Supervisors should ask dealers to prove they are favouring standardised products, says Fed official
US clearing rules do not exempt SPVs, but industry is split on whether other exemptions - for unclearable swaps - would apply
Small banks, big needs
Clearing – and present danger
FCMs do not have capacity to sign up all category 2 firms, market participants warn – and swap futures stand to benefit
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