Dealers fear mutualised exposure in 'sponsored principal' model
Swiss bank is tying up too much capital in immature business, rivals claim, after new NFA data shows it to be an outlier
CFTC's Chilton says "continuing to kick the can down the road is just not acceptable", as expectations grow that Europe will miss 2014 start date
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 Client clearing articles
Client clearing, repo markets, credit derivatives – the leverage ratio casts a shadow over them all. But the overarching complaint is that the ratio should remain a backstop, and it’s a point on which many regulators agree. Lukas Becker and Tom Newton...
Proposed revisions appear to catch back-to-back trades that are used to get exposure into European CCPs
As soon as the first US clearing mandate was out of the way on March 11 – a little more messily than market participants would have liked, but with no major snarl-ups – attention turned to the second phase of the clearing roll-out, on June 10, which...
A combination of hard work, caution and some luck saw the industry through the second of the three US clearing deadlines on June 10. But while it was a triumph for many, it proved testing for some. Joe Rennison reports
Client clearing is a new business for the over-the-counter derivatives market, with untested rules and – so far – largely unproven services. To shed some light on pricing and practices as the first clearing mandates take effect, Risk surveyed 21 early...
Hope and fear are two feelings that, in theory, should have little to do with central clearing. It ought to be a predictable environment, with clear rules and predetermined outcomes – almost all of which, for a client, are reassuring rather than scary....
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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