Jefferies is suing International Derivatives Clearing Group over claims the central counterparty’s futures contracts would replicate over-the-counter swaps – a case that turns on collateral and margin...
The extraterritorial application of US uncleared margin proposals will make it tough for US banks to compete with their foreign counterparts in swaps business unless the proposals are copied by regulators...
Disputes over the valuation of trades backed by multi-currency credit support annex (CSA) agreements – allowing counterparties to post collateral in multiple currencies and assets – have pushed the...
In this paper (in English and German), Genscape has analysed Combined Heat and Power or Central Heat and Power (CHP)production in the German market, the challenges it raises for market participants, and the key steps required to address the fundamental lack of transparency in CHP plant production.
More Collateral articles
Banco de España chose not to report Santander’s sovereign derivatives exposure to the EBA because it was 'not material'
LCH.Clearnet's then-chief executive, Roger Liddell, knew what he was doing when he told Risk in April last year that the margin standards being used by one of the firm’s rivals were “bordering on reckless” (Risk May 2010, page 9). With regulators...
Uncollateralised trades will consume up to four times more capital under Basel III, dealers say. If that translates into a similar jump in pricing, corporates believe they may have to hedge less. Michael Watt reports
Basel III has forced banks across the globe to look closely at how they price counterparty credit risk in derivatives trades. But some South African banks appear not to be charging for it rigorously, leading to complaints from those that are. By Matt...
Post-crisis reforms will reduce leverage and squeeze returns, but JP Morgan’s Daniel Pinto is worried about two strands of regulation in particular, he tells Duncan Wood – margin for uncleared trades and the Volcker rule
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.
Hong Kong, 1st - 31st Dec 2014
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