Legally segregated, operationally commingled (lsoc) approach
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,...
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
Insurance Risk and BNY Mellon have conducted a survey to look at how insurance companies are preparing for the new regime and the opportunities and challenges that the changes will bring.
More Legally segregated, operationally commingled (lsoc) approach articles
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...
This paper discusses a number of diverse considerations that risk managers need to incorporate into their thought processes and recurring procedures if they are to fulfill their role more effectively in the future