European securities and markets authority (esma)
Issuers say investors will not benefit from amendments to the EC's Prospectus Directive, but Esma maintains the new requirements serve a purpose
Esma and EBA publish Euribor recommendations; Tel Aviv Stock Exchange launches lower-rated bond index; S%P Down Jones Indices launches real estate proxy
Trades will not become subject to initial margin rules part-way through their life, rule-making body tells Risk
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.
More European securities and markets authority (esma) articles
Offsets in liability-driven investment portfolios would be eliminated if firms choose to clear interest rate hedges – potentially forcing them away from inflation swaps. By Nick Sawyer
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 comply with European rules on asset protection –...
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
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
Technology can provide a competitive advantage in banking. How it is applied by Tier 1 and Tier 2 institutions, to the benefit for their risk management systems, is discussed.
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