Grey skies over give-ups
New CSA, new challenge
A proposal prohibiting an Isda-FIA clearing document highlights rift within CFTC, with Republican appointees claiming they were kept in the dark
More Clearing articles
The need to provide portability could pressure CCPs to lean more heavily on initial margin than default funds to absorb losses
Urs Wieland has been named CEO of Six Securities Services
While Basel Committee deliberates, EC proposes 'value of zero' for contingent risks associated with clearing portability
Commissioners argue open access is necessary, but might consider raising the $50 million minimum for CCP membership at the end of the consultation period
Through a glass darkly
A recent Dodd-Frank rule-making proposal from five US prudential regulators has caused a bit of a stir. People have been worried for some time about the territorial scope of the Dodd-Frank Act, and whether...
$601 trillion notional OTC figure reduced to $0.9 trillion gross value after netting, collateral
In addition to margin requirements, UniCredit's head of corporate and investment banking argues clearing houses might need more capital
Dealers say they have little appetite for voluntary change when facing big mandatory reforms
In response to industry fears of a collateral crunch, regulators have revised the proposed rules on margining for uncleared over-the-counter (OTC) derivatives.You can find out more by downloading this white paper here.