Dealers will be able to cross-margin interest rate swaps, and eurodollar and Treasury futures, from May
US regulations on mandatory clearing and uncleared margin could put US dealers at a competitive disadvantage in Europe, says EIB
Counterparties will have to post variation margin on uncleared trades – but questions remain over which firms will have to post and collect initial margin
Insurance Risk and BNY Mellon have conducted a survey to look at how insurance companies are preparing for the new regime and the opportunities and challenges that the changes will bring.
More Credit risk articles
The latest council draft adds a CVA capital charge exemption for sovereign derivatives transactions – potentially removing one of the big unintended consequences of CRD IV, participants say
In bilateral over-the-counter trades, some buy-side firms insist on physical segregation of their collateral – their assets are placed with a third-party custodian. But the incoming US regime will not provide the same degree of protection, despite the...
Debit value adjustments are considered accounting voodoo by many – but Goldman Sachs thinks the numbers are real enough to control with a hedging programme. Other banks may follow suit, at least for their derivatives liabilities, but it remains a controversial...
The vast majority of over-the-counter trades will be cleared or collateralised in future – but sovereign derivatives users have been digging their heels in, generating increasingly painful funding and capital obligations for dealers. Quietly, though,...
Dealers say they are willing to jeopardise client relationships by exercising break clauses that allow trades to be terminated early – and should receive capital relief as a result. But regulators need to be convinced. By Matt Cameron
It looks as if it may get a lot more complicated for banks to sell structured products to institutional investors in Europe, though it hasn't happened yet. For banks, read subsidiaries of foreign banks; and for institutional investors, read pension funds...
Premature to expand use of untested collateral segregation methodology, says industry
This paper discusses a number of diverse considerations that risk managers need to incorporate into their thought processes and recurring procedures if they are to fulfill their role more effectively in the future
South Africa, 12th - 14th Mar 2014
UK, 13th - 14th Mar 2014
UK, 13th Mar 2014
UK, 18th - 19th Mar 2014
UK, 18th - 19th Mar 2014