Gazprom's UK-based trading subsidiary is hoping not to be hit by a clearing requirement - but has been doing its sums just in case, the company's treasurer, Michael Kawski, tells Lukas Becker
Recent industry estimates of the cost of clearing are met with scepticism during a roundtable discussion at Energy Risk Europe
The computational requirements of Solvency II are driving the need for more computing power and data storage accessible on a scalable basis. Early adopters are leveraging cloud computing for their Solvency II implementation. Others are taking a more cautious approach, waiting for the industry to address key concerns such as security before they to embrace computing.
More Clearing articles
A little over five months ago, on April 16, 2012, new and improved regulatory standards were published: the twenty-four Principles for Financial Market Infrastructures of the Committee on Payment and Settlement Systems (CPSS) and the International Organization...
Indirect clearing will not be compulsory, sources say – and a controversial 30-day guarantee for indirect clients will also be removed
Industry group was not convened as Esma drew up draft clearing rules
A requirement to clear standardised derivatives in Europe by next year creates problems for Germany’s banking sector. Uncertainties in the rules for indirect clearing, as well as whether there will be any benefit in an exemption for intra-group trades,...
Thousands of firms are likely to be caught by the over-the-counter clearing mandate – but banks offering client clearing services say they can only take on a limited number of customers. As things stand, those frozen out would be unable to trade. Joe...
Dealers expect new rules to hit the profitability of their business, but fewer expect to be able to pass the costs along – and more are anticipating a big drop in OTC trading volumes
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.