Central counterparty (ccp)
The collapse of MF Global last year saw clearing houses struggle to port client collateral to other firms - repeating problems seen after Lehman Brothers filed for bankruptcy in 2008
Middleware firms set to compete in creation of credit-checking hub - but critics say rival utilities would undermine the service
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 Central counterparty (ccp) articles
A lot of banks could be downgraded this month – in mid-February, Moody’s Investors Service announced it would review the ratings of 114 European financial institutions and 17 banks with global capital markets businesses. The decisions are expected...
It doesn’t seem a lot to ask – when entering into a trade that is legally required to clear, it would be nice to know that the counterparty has access to a clearing house. Unfortunately, what seems like a simple formality is fraught with difficulty....
An industry working group is about to publish principles on how to ensure swaps that are subject to a clearing mandate can be guaranteed to clear. But that masks sharp divisions within the industry over which entity should control the process. By Peter...
Regulators are unlikely to insist local currency trades be cleared domestically, says CFTC chair
Central counterparties have been invited to join the Isda credit determinations committees – but they will not have a vote
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
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