Long-awaited derivatives proposals focus on standards for central counterparties that clear OTC derivatives.
Clearing the way
In this roundtable, three leading swaps dealers discuss the changes in derivatives pricing – and in particular, the use of OIS as a discount rate for collateralised derivatives trades.
EC derivatives legislation set to be far more detailed than US financial reform bills, and open to industry comment before final adoption.
US financial reform edges closer as legislators prepare for the reconcilation of the House and Seante bills
Proposals on risk management by CCPs should be more detailed, say participants
While European and US regulators blaze a trail in over-the-counter derivatives reform, Asian supervisors have been much more circumspect. Some are now exploring the use of central clearing but many are still wrestling with how best to implement it. Matt...
Credit fund veteran Mark Okada says Bafin restrictions on short selling have increased market volatility
SG CIB's Eric Litvack talks to Risk about the implications of evolving rules on bank capital and OTC derivatives.
Regulators mull over intervention options for systemic risk firms
Dealers complain a long-awaited draft of standards for derivatives clearing platforms fails to address key issues.
Heated debate over financial regulatory reform going through the US Congress was at the forefront of the International Swaps and Derivatives Association’s annual general meeting in San Francisco last month.
Regulators have pushed hard to ensure buy-side firms are able to access central counterparties since the crisis began. But despite the launch of several new services, very few buy-side participants are actually using them. By Mark Pengelly
Proposed standards for central counterparties clearing over-the-counter derivatives will be published in May, tackling contentious issues such as governance, margin practices and default management. Dealers are anxious to ensure the standards are demanding...
The TriOptima-run interest rate derivatives trade repository has registered $448 trillion notional in transactions, as of the end of March.
Clearing houses could cause large losses for their members if they don't put limits on portfolio allocation, dealers think.
Legislators at the European Commission will today move a step closer to determining whether non-financial users of over-the-counter derivatives should be forced to clear trades through central counterparties (CCPs) – a possibility corporates have vehemently...
Politicians love the idea of central clearing, but with competition for this new business increasing, so are concerns some venues might not be robust enough.
Price is still the most important factor for corporates when choosing which dealer to trade with. However, a wide divergence in pricing among banks means transparency is now a key issue. By Matt Cameron, with additional research by Alexander Campbell,...