European market infrastructure regulation (emir)
The collapse of MF Global last year saw clearing houses struggle to port client collateral to other firms - repeating problems seen after Lehman Brothers filed for bankruptcy in 2008
New regulations will help reduce systemic risk, but changes need to be made to certain parts of the rules, Isda chairman says
In this white paper, Gordon Russell, Global Head of Risk at Broadridge Investment Management Solutions argues that the chances of survival in this new environment will be greater for funds that implement solutions to efficiently and cost-effectively manage data and risk.
More European market infrastructure regulation (emir) articles
Managing the regulatory patchwork
Tentative on G-20 timelines
Despite hard-won exemptions, corporates should consider the pros and cons of clearing, according to panellists at an ACT event - but treasurers remain unconvinced
Corporate treasurers call for a broad clearing exemption within European rules – and say they might stop using derivatives without it
Eligible collateral for CCP margin needs to be reviewed – and regulators also need to ensure the clearing exemption for some end-users is not negated by Basel capital rules, say buy-side firms
Esma doesn’t have much time to draw up technical standards, but regulators will be ‘nimble on their feet’, says EC’s Pearson
Consistent reporting to multiple trade repositories under new OTC regulations will depend on the successful adoption of legal identifiers
Fears that a different approach to over-the-counter derivative regulations in Asia could prompt regulatory arbitrage with Europe and North America have been laid to rest by Singapore’s February co...
A public hearing on Emir draft technical standards earlier this week leaves market participants with ongoing concerns over asset-class specifics and implementation time frame
Counterparties will have to post variation margin on uncleared trades – but questions remain over which firms will have to post and collect initial margin
The latest council draft adds a CVA capital charge exemption for sovereign derivatives transactions – potentially removing one of the big unintended consequences of CRD IV, participants say
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.