It’s a nasty case of divided loyalties. On the one hand, clearing rules for over-the-counter derivatives create a new business – thousands of derivatives market participants will be relying on a couple...
Foreign banks have until July to push out derivatives activities after OCC guidance repeats Dodd-Frank drafting mistake
Banks and pension plans are waiting for the US Department of Labor to clarify whether initial margin counts as plan assets
More Matt Cameron articles
One size fits none
CCP is not collecting enough collateral, member firms say. New model is being reviewed by FSA
Bundle in the jungle
The intra-day funding burden
Behind-the-scenes clampdown sets loss-given-default floor at 45% – and could make UK bonds less attractive
A re-reading of the CFTC's phase-in rules for central clearing is prompting alarm among buy- and sell-side firms
It’s the biggest futures exchange in the world, so CME Group naturally has both friends and enemies. Some of its friends are very well connected – and some of its enemies claim this influence ha...
Clearing members would be forced to guarantee trades executed by their clients' clients - on terms the member firms have not agreed
A number of downgraded banks are required to find swap counterparty replacements for over 300 structured finance transactions – but this is proving difficult, with few candidates willing or able t...
A CFTC source acknowledges that inconsistencies in the proposed interpretative guidance on the cross-border application of Dodd-Frank will have to be ironed out
A tangled web
In response to industry fears of a collateral crunch, regulators have revised the proposed rules on margining for uncleared over-the-counter (OTC) derivatives.You can find out more by downloading this white paper here.