New levels of complexity and ongoing regulatory framework discussions mean full compliance with Iosco’s new principles is unlikely before the January 1, 2013 deadline
Dealers worry about the impact on liquidity unless single-name and index trades can be margined together
LCH.Clearnet and Eurex will not accept own-name covered bonds as collateral, despite green light from Esma
Senior hire is seen as a coup for Deutsche’s clearing business
LCH.Clearnet's re-launched CDS clearing service adopts a loss-sharing mechanism - in line with a "last gasp of breath" approach outlined in an Isda letter to the Bank of England
Central counterparties are about to take centre stage in the revamped over-the-counter derivatives markets – a development that has given rise to a set of global principles for their management and supervision. William Dudley, president of the Federal...
A third of the figure was cleared in the last month alone - and volumes are expected to increase rapidly as clearing deadlines approach
Plan to combine four clearing houses into one will result in margin efficiencies of 30-40%, the exchange estimates
US firm takes steps to co-ordinate the reporting of OTC trades between different Asian locations
Added cost and mutualised risk will discourage direct clearing participation, panel concludes
Read the summer 2012 issue of Custody Risk
CSDs in harmony?
The collapse of MF Global last year saw clearing houses struggle to port client collateral to other firms - repeating problems seen after Lehman Brothers filed for bankruptcy in 2008
In depth: clearing certainty introduction
Push, ping or hub
Regulators are unlikely to insist local currency trades be cleared domestically, says CFTC chair
Market participants now have months, rather than years, until the Dodd-Frank clearing mandate takes effect - and CCPs are worrying about a last-minute rush
Collateral demands will be pro-cyclical - rising as markets become stressed - and will be generated by uncleared as well as cleared trades, DE Shaw treasurer tells Isda conference
A year after the US Treasury's proposed regulatory exemption for FX swaps and forwards, the position has never been confirmed - and some believe it may be reconsidered
End in sight?
Out of the clear?
Each and everyone