Isda conference in New York hears some trading platforms outside the US are turning away US persons to avoid registering as a Sef
This white paper looks at the heavy impact of regulation on investment managers, the mitigation of outsourcing risk, inefficiencies in corporate actions processing and the growing importance of collateral management.
More Joe Rennison articles
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
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
This whitepaper reviews the fundamental changes of Liquidity Risk Management under Basel III. It discusses how institutions can meet the regulatory requirements on liquidity risk management by enhancing their liquidity risk analytics, funds transfer pricing methodologies, liquidity stress testing frameworks, and enterprise risk management platforms.