"Allowing CCPs to settle FX trades bilaterally would reintroduce Herstatt risk, so it would certainly be preferable to have CCPs become either direct or third-party members of CLS," says LCH.Clearnet executive
Stockholm-based service already has Swedish debt office on board. Launch planned for second half of 2011
Ian Axe moves from BarCap to head clearing house group
Caps in hand?
Firm might not be able to live with 99% reduction in minimum capital requirement under Dodd-Frank Act, says chief executive
CFTC proposal sparks row over CCP membership
The liquidity access debate
Risk awards 2011
Risk awards 2011
Clearer will extend coverage to third asset class in 2011, with support from 13 banks
CCP turf war simmers as OTC regs head to European Parliament
The price you pay
Ice Clear Europe accepts gold for margin, while LCH.Clearnet is also working on extending eligible collateral
Futures clearing model less secure for over-the-counter derivatives than bilateral trading, says BlackRock trading head
Ice Trust estimates it might have to increase initial margin by 63% to cover risk.
Findings of UBS equity analysts stoke fears of race to the bottom among over-the-counter derivatives clearing firms
Competing for business will not fatally undermine derivatives clearing – as long as the system is well regulated, speakers claim
Middleware at fault for Barclays clearing break
TradingScreen has created a multilateral trading platform to streamline the process of corporate bond transactions by centralising the buying and selling of corporate bonds in Europe.
Clearing giant LCH.Clearnet strengthens its position in Asia as it looks to seal a number of clearing deals with a raft of exchanges and other market participants
Sovereign derivatives users have been able to avoid posting collateral to their dealer counterparties in the past, but pending reforms to bank capital and funding rules are changing the equation. If sovereigns refuse to budge, they will have to accept...
Dealers have made progress towards clearing swaths of the over-the-counter derivatives market. But market participants are likely to have to clear more awkward products to satisfy regulators’ demands. Mark Pengelly investigates