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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Substituted compliance unlikely to work without a global body to settle disputes, says Iosco secretary-general
Asian CCPs under pressure from EU third-country equivalence/recognition deadline squeeze
CFTC commissioner warns lack of clear rules is "a major problem, nearly a crisis"
This webinar looks at the current state of enterprise stress testing and unveils findings of a new study on Enterprise-level Stress Testing (one of several research papers in Chartis' The Risk Enabled Enterprise ® research program)
More Custody risk articles
Clearing volumes dip as hundreds of new firms are caught by US clearing rules, but activity rebounded on June 11
Harmonisation of US and global systemic risk frameworks needed as US proposes first Sifis, warns industry think tank
Complete agreement proved impossible, but participants see new legal template as a good base for negotiations, Isda says
Hundreds more firms will be required to start clearing in the US today, and FCMs are warning there could be an increase in rejected trades as a result
Buy-side must prepare to meet their FX reporting obligations in Europe, which will be more challenging than in the US, webinar participants warn
Many financial institutions in Asia would not be in a position to comply with Dodd-Frank cross-border applications should the CFTC’s exemptive order expire on schedule on July 12
Regulators want capital and margin rules to encourage central clearing, but analysis suggests costs may currently be higher in the cleared world
Dealers push for a more risk-sensitive model, but regulators may opt to incorporate a new non-internal modelled approach into the existing hypothetical capital method
Citadel and Fortress have found some foreign banks unwilling to accept Dodd-Frank reporting rules, conference hears
Australian regulators are looking at whether to mandate clearing of OTC derivatives, but the market is already moving to clear without a mandate in place
Tax liability could send CCPs "directly into insolvency" warn Czech officials in leaked document
US clearing rules do not exempt SPVs, but industry is split on whether other exemptions - for unclearable swaps - would apply
Extraterritorial aspects of European legislation such as Emir likely to be keenly felt by Asian firms, says Asifma
Infrastructure to clear RMB trades in Singapore is now live
Report says increased reliance on collateralised funding and demands of regulatory reforms have not led to any 'lasting or widespread scarcity' of high-quality assets
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.