US bank holding companies may choose to save stricken subsidiaries despite the lack of contractual guarantees, SEC commissioners warn
Capital hit could drive EU banks out of US CCPs, leaving them unable to provide clients with clearing services
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 Cross-border supervision articles
Two-speed reforms in the US and Europe have broken the swap market, participants claim, with US persons being shunned by foreign counterparties that want to avoid Dodd-Frank Act rules. That leaves US firms with a shallower pool of liquidity in some currencies....
Subtle change of direction signalled by CFTC chairman nominee at Senate confirmation hearing
Platforms say divide between US persons and non-US persons will remain
Dealers hope Timothy Massad's reputation as a problem-solver will lead to greater collaboration on cross-border regulation
Some European hedge funds will be caught between a rock and a hard place when local clearing rules take effect. They are also expected to comply with the US clearing regime, and as things stand, neither jurisdiction is offering a way out. Kris Devasabai...
Banks have been quietly planning to move staff from New York to Toronto and London as a way of protecting clients from a new Dodd-Frank trap – but, with the US Commodity Futures Trading Commission now facing a lawsuit and a leadership change, preparations...
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.