Legally segregated, operationally commingled (lsoc) approach
An EU-US regulatory conflict can be avoided if UK CCPs move certain contracts to their US arms, according to the CFTC's Ananda Radhakrishnan, who said he is "tired of providing exemptions"
Regulators are struggling with differing transatlantic rules on the protection of clearing client assets, says Esma chairman, Steven Maijoor – the result of a 'conflict of law'
More Legally segregated, operationally commingled (lsoc) approach articles
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
Over-the-counter derivatives have been a popular way for many buy-side firms to take or hedge risk for more than two decades, but they may be about to lose their appeal. Regulatory reform will impose new capital and liquidity constraints on banks, which...
Over-the-counter (OTC) clearing is an issue that remains critical and controversial. As the deadline looms for all standardised OTC derivatives to be cleared by the end of this year, market participants are working hard to ensure that large-scale clearing...
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.
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