FCMs do not have capacity to sign up all category 2 firms, market participants warn – and swap futures stand to benefit
Some client trades have not been cleared within 60 seconds
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More Joe Rennison articles
The days either side of the first US clearing deadline saw last-minute decisions by clients and regulators, operational niggles and some illegality. The industry expects breaches of the rules to get...
Firms that trade index and single-name CDSs will see margin requirements increase
Stop-gap margin solution would force most firms to post twice as much collateral as CCP members
Only registrants to date are MBIA and Cournot Financial Products – firms that have not traded derivatives since 2008
Regulators planning follow-up to trading book study that revealed huge variation in modelled RWA numbers
Preparations are "running very smoothly" says CFTC chairman, ahead of first clearing deadline
Overseer of Volcker rule work says five US agencies should produce a single rule – and are not planning to harmonise it with Europe's ring-fencing proposals
When swaps become futures
Swaps-to-futures switch at Ice – plus hedge fund regulatory changes – behind threefold jump in numbers taking futures trading exam
Traders of the lost art
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