European securities and markets authority (esma)
Some European buy-side firms will have to clear indirectly – through a local clearing member linked to a US counterpart – in order to access clearing houses in the US. But US clearing members cannot...
The first clearing mandates are unlikely to be in place in Europe before August 2013, says Bank of England’s head of payments and infrastructure division
Liquidity drained from the sovereign CDS market before the ban took hold this morning – and market-makers are still unsure what they can and cannot do
Banks are increasingly using their IT infrastructure to increase their competitive advantage. Learn how this can work in practice.
More European securities and markets authority (esma) articles
Esma's decision to make indirect clearing an optional service could leave smaller firms without clearing access, according to a poll of Risk.net readers
Draft European Securities and Markets Authority rules on indirect clearing caused uproar when they appeared in June. The regulator removed the most controversial elements in its final text, but dealers are still in the dark about the capital treatment...
Regulator has not given clearing houses enough freedom to calculate margin requirements, critics say - and Europe's CCPs may have to charge more for futures than their US rivals
Recent industry estimates of the cost of clearing are met with scepticism during a roundtable discussion at Energy Risk Europe
Final rules remove two controversial proposals, but revive regulators' concerns about access to clearing for small firms
Indirect clearing will not be compulsory, sources say – and a controversial 30-day guarantee for indirect clients will also be removed
Industry group was not convened as Esma drew up draft clearing rules
This handy guide reviews the various steps banks are taking to improve their risk management techniques, looking at the benefits and pitfalls of each one.
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