The decision by European legislators to exempt EU banks from the CVA capital charge when trading with certain counterparties has infuriated regulators at home and abroad. Nick Sawyer discusses the i...
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More Nick Sawyer articles
Prime brokers have had to cancel four-way agreements for trades involving two buy-side firms, on the basis that a no-action letter issued by the CFTC on April 30 did not cover this type of business
Failure to meet deadline for earlier protocol puts banks on the back foot for compliance with next round of rules
The EC and Esma should consult on the process for determining equivalency with Emir, says Eric Pan of the SEC
Regulatory change will force firms to alter their behaviour, and their technology platforms need to keep pace
Industry group will launch a best practice document confirming that negative interest rates apply under CSA
Bank lobbying has encouraged national supervisors to water down global standards, says deputy secretary-general of Basel Committee
New margin rules for uncleared derivatives will distort behaviour and increase systemic risk, panellists say
The potential for conflicting regulations could hamper cross-border trades, warns MAS official
Many derivatives users in Asia expect to clear through local CCPs, creating the potential for liquidity fragmentation and higher costs
Swap futures have a number of advantages, but OTC instruments will continue to be popular, leading buy-side firms say
New proposals on the margining of uncleared derivatives trades could dampen take-up of the standard CSA
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