European banks fume after regulators clarify that draft rules would force them to collect margin from non-EU corporates
Ongoing market uncertainty over the new and evolving margin regime for non-cleared over-the-counter derivatives has drawn many questions from firms, with too few reliable answers. This global survey –...
The computational requirements of Solvency II are driving the need for more computing power and data storage accessible on a scalable basis. Early adopters are leveraging cloud computing for their Solvency II implementation. Others are taking a more cautious approach, waiting for the industry to address key concerns such as security before they to embrace computing.
More Initial margin articles
Dramatic increase in margin on uncleared swaps will reduce end-user hedging ability, says US insurer
European regulators confirm haircut will apply to both initial and variation margin, threatening viability of industry's new standard credit support annex; a replacement is in the works
Incoming margin rules for non-cleared swaps could be pro-cyclical – and a new QIS will be needed to ensure the regime is not dangerous, says Goldman's head of derivatives risk
If clearing mandates are expanded to include less-liquid products, the market will struggle to provide hedges in the event of a dealer default, conference is told
Dealers have found a way to halve the amount of margin required in an uncleared derivatives trade – without models, assumptions or tricks. Now, they just need to convince regulators it’s above board. Matt Cameron reports.
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.