Suspension of DTCC service leaves market "in uncharted territory"
Gaps in central clearing are stifling the emergence of all-to-all trading venues for US Treasuries
Senior executive says move would help foster all-to-all trading in cash Treasuries
Regulatory arbitrage fears stall clearing mandate for CAD swaps in Canada
Prices now "can't be explained without reference to XVAs", says Nomura credit head
Panellists at FIA conference say cleared OTC market is holding off futures challenge
Swinburne says clearing should be shielded from ratio "if Basel does not deliver"
Non-cleared notional falls $36 trillion as costs and complexity grow
Rising fees and absence of leverage ratio cause some New Zealand banks to consider direct clearing
Firms fear wider spreads, lower liquidity after May 21 frontloading date
New research finds no compelling economic rationale for central clearing
ECB board member Benoît Cœuré calls for minimum capital requirement and stress testing of CCPs
US Treasuries CCP concerned about contagion risk threat to existing members
Bankruptcy law reform could prompt a shift in attitude at State Bank of India
New technology set to boost repo netting, shrinking $50bn facility "substantially"
CEM to be ditched, but regulators still considering treatment of client margin
CCPs, the TLAC and Basel III capital rules are all cause for concern, Minnesota Fed hears
Negative swap spreads forcing hedgers to look for alternative instruments
ISAs could move to distributed ledgers within 18 months, Barclays technologist claims
CFTC adopts substituted compliance for European CCPs; US clearers still waiting on Esma approval
Initial margin is the best source of liquidity for CCPs in a crisis, argues Irish central banker
Uncleared margin rules the driver; may also impact CME-LCH basis
Industry sources that have met with the agency claim it has “no plan” for mandate
European Parliament and UK regulator push for carve-out, but industry unimpressed