Cecile Sourbes
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Articles by Cecile Sourbes
CCP fire drills lack real-world punch, banks say
Cross-membership means current tests do not reflect a real default
Recovery rules would force CCPs to accept operational losses
Operational losses to be borne solely by CCPs, says CPMI-Iosco
Fed official slams ‘fantasy’ of CCP default management
McPartland: banks could not support multiple auctions if a big member firm defaults
Dealers threaten to charge for 0% CSA floors
FVA could result from asymmetry between cleared and bilateral trades
AIB welcomes AFS bond filter preservation
Senior risk manager says economy too fragile to remove filter
Regulators plan standard stress tests for CCPs
Stress testing a "priority topic" for CPMI-Iosco as it launches working group
VAR replacement may be too volatile, banks warn
Criticism of expected shortfall has been muted, but concerns are growing
European Commission's Michel Barnier discusses post-crisis reforms
Clearing system not yet suited for pension funds, says outgoing commissioner
FCA to defy Europe on forex forwards reporting
EC ‘forgets’ to mention sterling in letter defining forex contracts
Barnier hints at longer pensions clearing exemption
EC internal markets head says clearing system not ready for pension funds
LCH payments system raises concentration concerns
Most cash payments to the CCP routed via just two banks, sources claim
CCPs to get multiple recovery planning tools
ECB's Coeuré says regulators won't specify one approach
Q&A: Benoît Coeuré, ECB, on securitisation and clearing risks
Revamped ABS market will need state support if it is to be a game-changer for Europe
ECB’s Coeuré: Europe faces ‘fundamental choice’ over ABS
High-quality ABS will need some form of public backing to reach potential
Industry fears Mifid shake-up of futures clearing
Esma weighs blanket use of stricter OTC rules on indirect clearing
Banks shun Emir's indirect clearing service
Esma must step in if controversial service is to work, banks insist
EU clearing timeline could drive banks out of the business
Banks say they will not hit revenue targets if Esma deadline is endorsed
Nordea Markets: speedy trading book revamp "not safe"
Hard to gauge impact of ambitious proposals, says market risk head
Banks look to pass CCP investment losses to clients
End-users set to bear brunt of losses, say lawyers
Eurex vs LCH.Clearnet: clash of the titans
German exchange woos big clearing members with promise of capital savings
ATP ditching swaps for bricks-and-mortar hedges
Denmark’s biggest pension fund retreating from higher costs, lower liquidity
Eurex calls for capital relief on segregated accounts
If positions can be ported easily, clearing members should not be on the hook