New margin rules for uncleared derivatives will distort behaviour and increase systemic risk, panellists say
This three-part series looks at the various factors that firms across the ecosystem of global FX markets - from the buy-side, the sell-side, and the supporting community of technology vendors and service providers - should consider in order to, not just survive, but to thrive in this dynamic and ever-changing environment.
More Margin articles
Swap futures have a number of advantages, but OTC instruments will continue to be popular, leading buy-side firms say
New proposals on the margining of uncleared derivatives trades could dampen take-up of the standard CSA
The first clearing mandates came into force in the US on March 11, but there is still plenty of uncertainty about how certain parts of the new regulatory framework will function. In this roundtable ...
Forthcoming Sef rules will not address margin concerns raised by Bloomberg
A difference in margin approach between swaps and futures may mean the latter are not assessed on their level of riskiness
Greater use of capital and collateral to mitigate all risks relating to foreign exchange trading is crucial, warns head of financial market infrastructure at the New York Fed
Australian domestic clearing house hoping to use lower margin costs as a means to win market share
Secretary general of Iosco confirms that further work is needed to assess the economic impact of margin requirements for uncleared derivatives
While the idea behind a maturity threshold for forex collateral requirements makes sense to regulators, FSA speaker at FX Week Europe recognises the industry's opposition
This whitepaper reviews the fundamental changes of Liquidity Risk Management under Basel III. It discusses how institutions can meet the regulatory requirements on liquidity risk management by enhancing their liquidity risk analytics, funds transfer pricing methodologies, liquidity stress testing frameworks, and enterprise risk management platforms.