Netting and optimal execution effects may help other CCPs reduce margin requirements, says NYU maths professor Marco Avellaneda
Hundreds more firms will be required to start clearing in the US today, and FCMs are warning there could be an increase in rejected trades as a result
Regulators want capital and margin rules to encourage central clearing, but analysis suggests costs may currently be higher in the cleared world
This panel will discuss ways to allocate resources and minimize potential exposure with a set of analytical tools to assess, simulate and quantify operational risk capital to improve business efficiency and performance across the enterprise.
More Clearing articles
Supervisors should ask dealers to prove they are favouring standardised products, says Fed official
Masamichi Kono Q&A
Australian regulators are looking at whether to mandate clearing of OTC derivatives, but the market is already moving to clear without a mandate in place
US clearing rules do not exempt SPVs, but industry is split on whether other exemptions - for unclearable swaps - would apply
The end of the waterfall
Indian reticence over Emir steps up pressure on EC equivalency regime
Small banks, big needs
Clearing houses need flexibility to determine correct course of action, says head of risk at Eurex Clearing
Equivalence and substituted compliance issues must be resolved quickly, or financial markets will be affected, says Kono at Japanese FSA
Early adopters of over-the-counter derivatives clearing tended to be the big beasts of the buy-side universe, but smaller firms – such as France’s OFI Asset Management – are coming on board as...
Pension funds tend not to have a lot of cash lying around, making it difficult for them to meet clearing house margin calls. Specialist asset manager Insight Investment is pressing for a solution. B...
Banks will have a six-month grace period before they must finally start clearing by July 2014
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.