Clearers do not need an exemption to solve EU-US rule clash, conference told
It is not clear that European rules will permit firms to use US collateral protections
Industry wants to know whether an approach based on US standards will meet European requirements
In the US, segregation of client assets is a simple matter – only one approach is allowed for over-the-counter trades. But in Europe, where there are more clearing houses, and no prescribed approach, things are messier. And it could be dealers, not...
Five months after launch, ForexClear is ready to start offering client clearing and to add five new currencies to the service, pending the approval of the FSA and the CFTC
‘Jury out’ on OTC derivatives
Preparing the ground for the derivatives deadline