Authorities from five countries talk swaps and bank resolution at closed meeting
Execution agreements that have taken years of work cannot be used on Sefs - and a big change is needed if they are to survive at all
Hundreds of corporates amend OTC documentation this week, ahead of September 15 portfolio reconciliation deadline – but market participants warn of "massive non-compliance"
Complete agreement proved impossible, but participants see new legal template as a good base for negotiations, Isda says
The move to central clearing poses a huge documentation challenge. A standard template has been developed for European derivatives users – but will this solve the problem? By Duncan Wood and Lukas Becker
Less than 1% of counterparties are ready to trade under new regime. Non-compliant firms may be frozen out of the market, banks warn
Buy-side firms need to begin negotiating OTC clearing documentation now or risk being forced to adopt one-size-fits-all standard templates
Preventing a clearing contract crunch
Complications over close-out mechanisms and segregation models will delay the European addendum by up to three months, say dealers
Dealers hope to comply with new business conduct rules by amending thousands of Isda master agreements – but a standardised protocol published last month is expected to leave some clients cold
The development of an index CCDS product will help market participants hedge counterparty risk, say proponents
Familiarity breeds content
Finra must improve after misleading regulator, order says
Government watchdog CREW has sued the SEC and its chair Mary Schapiro for purging documents related to probes of suspected wrongdoing at financial institutions
CDS contracts would not trigger in the event a bail-in bond is written down, say lawyers – threatening their use as a hedge
Despite a CFTC proposal that attacks an industry clearing document, the core of the text can survive, says lawyer at Isda's New York conference
Financial institutions struggling to address issues around document control and email management
Despite the challenges involved, banks and brokers are excited by the progress being made to open up the Russian market
Globally, big derivatives dealers are making wholesale changes to their pricing practices, and the Middle East is no exception. Clients are also becoming more sophisticated, according to Risk’s first ranking of dealers in the region. Research by Ana...
Market participants have warned an increasing number of European high yield bond offerings are accompanied by unclear – even misleading – documentation.