Pending 2014 budget would allow Finanzagentur to post up to €8 billion in collateral
Japanese bank follows JP Morgan and Deutsche Bank by incorporating funding costs into derivatives valuation
European proposal limits risk management tools to clearable swaps only, preventing options-based hedges
Regulation hits key element of landmark collateral contract - but planned revisions will reintroduce settlement risk
New proposals are positive, but banks warn they will still fall short of the ratio's minimum
The US bank announces a one-off FVA primarily due to uncollateralised derivatives receivables
Cash collateral can only reduce derivatives exposure if it matches the currency of the underlying swap, threatening existing CSAs and even the new standard CSA
Not too big to fail?
Regulators have increasingly been pushing for less reliance on bank internal models, but Osfi’s deputy superintendent of the regulation sector, Mark Zelmer, thinks internal models have a place
FDIC's single-point-of-entry method applauded but concerns still linger
Market is too concentrated to cope with a default, participants warn
As interest rates rise, big fixed-rate receivers such as pension funds will all slide out-of-the-money at the same time, potentially triggering huge margin calls. Some are already trying to soften the blow, rather than relying on a repo market that could...
Asset managers call on regulators to amend Ucits rules
Canadian regulator wants its banks to compete on same terms as US rivals
US tax rules could leave compliant foreign firms out of pocket unless swap documentation is amended
Banks tout 'tremendous' capital savings as Bank of America, Barclays, Citi and other swap dealers start using illiquid assets as initial margin
Differences in national regulations need to be ironed out, says Patrick Pearson
CME Group has no plans to alter haircuts on US Treasury bills, despite some concern that politicians will fail to avert a US default on October 17
Local dealers believe domestic clearing would bifurcate derivatives netting sets
How long will a client hold a 10-year swap? It could be 10 years – or it could be 10 days – and the answer has big implications for dealer funding requirements. Some are now in the early stages of looking at the expected lifespan of client positions....
The WGMR published its final rules on uncleared margin on September 2. Nick Sawyer and Matt Cameron discuss the implications
Global head of market risk at RBS says he is "way outside" his risk appetite