Traders say 95% of the market now cleared, compared with 10% a month ago
French banks are exploiting a quirk in the leverage ratio rules to expand repo trading
In stress periods, collateral chains could break, paper warns
FDIC vice-chair has warned of hidden dangers in new approach
Industry has seen string of departures from senior clearing roles over past year
David Weisbrod, CEO of LCH’s US businesses, left the company last month
FDIC rebuffs European calls to allow netting of client clearing margin in leverage exposure measure
However regulatory and operational challenges set to slow growth
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