Bank has not decided whether to sell its book to other dealers
Firms that trade index and single-name CDSs will see margin requirements increase
The computational requirements of Solvency II are driving the need for more computing power and data storage accessible on a scalable basis. Early adopters are leveraging cloud computing for their Solvency II implementation. Others are taking a more cautious approach, waiting for the industry to address key concerns such as security before they to embrace computing.
More Matt Cameron articles
Only registrants to date are MBIA and Cournot Financial Products – firms that have not traded derivatives since 2008
When the Nikkei slumped last May, banks were forced to sell volatility to protect positions built up through the sale of uridashi products – leaving many with losses. A rally in the index at the end of the year inflicted further pain. In total, the...
Deal is said to pay a coupon of 11% for first-loss protection – which some investors say is too low
UBS is shutting down large chunks of its fixed-income business – the first dealer to announce such a dramatic step – but some of its now-unwanted trades could be difficult to exit. We look at the challenges involved in unwinding a capital- and funding-intensive...
Given a minute to accept or reject trades for clearing, FCMs warn they will err on the side of caution
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.