RBS will have to pay more to hedge vega from its equity derivatives business after losing offsets provided by cash, rivals say
Basel 2.5: US ratings workaround too punitive, banks complain
Deutsche Bank believes the platform will help mitigate early-stage investment risk
Omnibus structure meant clearing clients of MF Global outside the US were asked to double up on collateral payments. Use of the structure for OTC markets is now in doubt
A decision to limit the scope of Japan's clearing mandate has torpedoed months of partnership talks between LCH.Clearnet and the Japan Securities Clearing Corporation
Despite positive vote by House subcommittee, lawyers say a bill repealing section 716 of Dodd-Frank will not pass
Nomura joined the group at the end of August, while Crédit Agricole is expected to join in the first quarter next year - in part a response to regulator criticisms that the group had become too exclusive
The bankruptcy of MF Global should prompt the CFTC to reconsider the $50 million cap on minimum capital requirements set by CCPs on clearing members, say bankers
Pushed to the margins
Revised Basel rules provide little capital incentive for clearing members to clear trades on behalf of clients, bankers argue
Non-US banks stunned by Volcker compliance regime
The cross-product margining maze
ECB invokes US legal amendment providing it with broad immunities and says it might stop using US dealers unless granted exemptions from Dodd-Frank Act rules
Follow the leader?
Chair of European Parliament's Econ committee believes CRD IV should mirror Emir corporate exemptions, but has not yet decided whether sovereign counterparties should enjoy the same benefit
Banco de España chose not to report Santander’s sovereign derivatives exposure to the EBA because it was 'not material'
The FSB warns that some regulations appear to be contrary to the spirit of the OTC derivatives reforms agreed by G-20 members – a statement some believe was prompted by a disagreement over the scope of European derivatives regulation
Everything is connected
Switch to OIS comes a year after SwapClear revalued parts of its portfolio
Dealers say they won’t join clearing houses that are not robust – and have already blackballed one central counterparty. As a result, the initial margin methodologies employed by the big rates clearers have begun to converge. Matt Cameron reports
To charge, or not to charge?
The EU council text of Emir could be voted through next week, but a group of industry associations will plead for a late - and controversial - change
Interest rate swap clearing volumes at CME leapt 2,172% between August and September, and dealers say one firm is responsible for the surge
Bankers at Eurofi conference in Wroclaw, Poland call for a wider range of assets to be eligible for Basel III's liquidity coverage ratio