Move by Goldman’s commodities subsidiary could trigger CFTC ruling
No guarantee of equivalence being granted to Asian clearing houses
Consultation on the reporting of derivative contracts includes a reporting threshold for non-financial persons and collateral reporting requirements
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.
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The creation of seven CCPs around Asia is set to give the region’s regulators a wealth of data but the cross-border nature of derivatives trading means regulators will need to swap data with each other. Significant barriers to this happening remain,...
Eleven EU states have agreed to implement a harmonised financial transaction tax, due to begin in January 2014. The tax has a huge extraterritorial reach, posing serious questions about its impact on Asia
Asia still behind on global rules forcing subsidiarisation of foreign banks in the region
Banks will have a six-month grace period before they must finally start clearing by July 2014
Absence of legal powers to enact guidelines in some jurisdictions threatens Eiopa’s objectives
Firms braced for duplication of compliance work amid signs that framework for regulators to share information is not working, lawyers warn
The deadline is approaching for regulators to establish what European banks can clear and where on Asian CCP platforms ahead of OTC market standards going live from March 15
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