Isda chairman warns House Committee on Agriculture that extraterritorial application of swaps proposals could make US banks less competitive
EC official voices concern over the long arm of US derivatives rules
One of China's leading securities houses sees a bright future for domestic investment banks developing hedge fund-like trading businesses, once securities short-selling is further liberalised on the mainland through the establishment of a central securities...
Collateral: look, but don’t touch
Central counterparties should be ready for failure of one or two largest customers, regulators suggest
HKEx plans to beef up its risk management following the bankruptcy of Lehman Brothers in September 2008 by introducing margin rules and seeking more funds from cash clearing members. The move would bring cash clearing more in line with existing derivatives...
A clear market move
Been there, done that
Risk awards 2011
The price you pay
Senior regulators reveal "concern" over segregation of margin and swap data repositories
Several Asian nations could compel their banks to clear swaps in-country - others seek to join foreign CCPs on special terms
Ice Clear Europe accepts gold for margin, while LCH.Clearnet is also working on extending eligible collateral
Market analysis: CDS margining
Having to post cash as variation margin to central counterparties (CCPs) will cause substantial yield losses for pension funds that conduct liability-driven investment (LDI) strategies, according to fund managers.
A clear choice
Clinging to collateral
Clearer's plans to create a special membership category for central banks and other sovereigns could undermine CCPs' risk-mutualisation model, rivals claim
Senator's letter fails to assuage end-user concerns over non-cleared swaps
Reform bill ambiguity means end-users might have to post margin even if they don't clear swaps.
A paper detailing alternative approaches to posting independent amount is expected to be jointly published by the International Swaps and Derivatives Association, the Managed Funds Association and the Securities Industry and Financial Markets Association...