With new regulations on central clearing, margining and collateral segregation coming into effect, the role of the custodian is arguably more important than ever. Custody Risk includes news, analysis and research on the latest industry developments.
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Funds cite inability to post non-cash variation margin as grounds for further relief
Industry sources have welcomed CFTC decision to extend no-action relief for its non-US swap dealer requirements and to consult on definitions
Current netting statutes only apply to clearing members and not the CCP itself
This white paper looks at the heavy impact of regulation on investment managers, the mitigation of outsourcing risk, inefficiencies in corporate actions processing and the growing importance of collateral management.
More Custody risk articles
CFTC rule potentially captures legacy trades novated to CCPs
CFTC ruling comes a week after it granted qualified substituted compliance to three Asian regulatory regimes
Custody Risk European Awards 2013: Post-trade Technology Vendor of the Year
Custody Risk European Awards 2013: Transfer Agent of the Year
Custody Risk European Awards 2013: Asset Servicing Technology Vendor of the Year
Custody Risk European Awards 2013: Fund Administrator of the Year: Luxembourg
Australian market will broadly be able to follow domestic rules to comply with Dodd-Frank
Atlanta-based derivatives exchange Ice's decision to scoop up SMX gives the firm on-the-ground presence for clearing and trading in Asia
News will "come as a surprise" to market participants - and also the UK's FCA, which has misinterpreted Esma rules on its website
A poll of Risk readers finds that 56% agree the CFTC should require CCP holdings of US Treasuries to be backed by committed liquidity facilities
Quotes of the quarter
Market is too concentrated to cope with a default, participants warn
Competitive pressures will impact CCPs but not with respect to margins
Moving to a globally recognised trade reporting standard will provide obstacles for domestic banks
This whitepaper reviews the fundamental changes of Liquidity Risk Management under Basel III. It discusses how institutions can meet the regulatory requirements on liquidity risk management by enhancing their liquidity risk analytics, funds transfer pricing methodologies, liquidity stress testing frameworks, and enterprise risk management platforms.