European regulators have overhauled bank reporting standards to ensure comparability, with new Finrep and Corep templates to be rolled out from this month. The latest step has been to agree common definitions for forborne and non-performing exposures....
Current netting statutes only apply to clearing members and not the CCP itself
UK tax authorities exclude client collateral received as a result of clearing activities from bank levy, after complaints it would act as a disincentive to clearing
CFTC rule potentially captures legacy trades novated to CCPs
Debate continues to rage about the merits of clearing, with some market observers arguing that the benefits of using central counterparties are outweighed by the precipitous costs involved. But such criticisms fail to take the full burden of over-the-counter...
CFTC rule poses clearing challenges for dealers whose markets close before clearing operations in London open
Public- and private-sector experts have worked hard over the past three years to develop the framework for a global legal entity identifier system, but more effort is needed to create consistent data standards for financial instruments and transactions,...
Competitive pressures will impact CCPs but not with respect to margins
No guarantee of equivalence being granted to Asian clearing houses
Rising interest rates could leave pension funds facing huge margin requirements, creating an acute liquidity crisis
Failure to define a "significant or direct" threat to the US economy has brought regulatory overreach
UK bank looks to offer clearing option outside US regulatory requirements
Banks hope for leverage exposure relief after interest rate swap clearer fixes clash with CFTC rules
European legislators are close to finalising their derivatives execution rules, but trading platforms are concerned the OTF framework may be sufficiently different to US Sef rules to scupper any chance of equivalence determinations. By Tom Osborn
Asifma head Austen wants exclusion of initial margin from Asian jurisdictions’ derivatives market regulation
Some regulators and brokers have expressed fears that exemptions included in Mifid may mean European rules on trade execution are not equivalent to the US – but a key parliamentarian disagrees
Results of an industry study reveal the scale of the liquidity burden that would fall on CCPs clearing physically delivered forex options – but a net settlement mechanism could reduce the number by 73%
Pension funds will not have to clear in Europe until at least mid-2015, but what about the vehicles some use to scale up their hedging transactions? As things stand, lawyers are giving different answers – and the industry wants regulators to clarify...
Margin efficiency will be the main driver of success in the OTC clearing world and while cross-margining with futures has been touted as a potential game changer, the gains from this may be illusory, says Michael Davie, head of SwapClear, and chief executive...
Esma responds to EC's 'intended rejection' of one-year postponement
Clients aren’t expected to be subject to a clearing mandate until 2015, according to a Risk.net poll
Korea confident of achieving recognition from Europe and is readying to apply for similar status from the US
Dealers fear mutualised exposure in 'sponsored principal' model