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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HM Revenue & Customs "does not wish to discourage" client clearing business, which is caught by UK balance sheet tax
Eleven CCPs say they will apply to Esma for approval – sparing European members a capital hit – but Canada's CDCC has no plans to go through the process
Third-party collateral requirements not acknowledged in current standard clearing broker contracts
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 Custody risk articles
Rival services from Markit and Traiana are gaining support, but detractors claim the hubs could be made redundant by CCP credit checks
Indian regulator takes explicit responsibility for supervising the Mumbai-based clearing house
Esma has ignored calls to exempt covered bond vehicles from clearing, to the dismay of issuers
The launch of an interim trade reporting service last week by the Hong Kong Monetary Authority has prompted complaints from banks over excessive operational requirements
Pension funds look for alternatives to OTC inflation swaps, as clearing services remain on the drawing board
Only two FCMs are currently offering margin offsets between interest rate swaps and futures at CME
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
Japan, 24th Apr 2014
Japan, 24th Apr 2014
USA, 30th Apr 2014
USA, 8th - 9th May 2014