Standard-setter decides trades can still qualify for hedge accounting when voluntarily novated to a CCP, but experts warn wider stance on novation could cause trouble
Trades cleared voluntarily would not be protected by hedge accounting under IASB proposals
The adjustment bureau
This webinar looks at the current state of enterprise stress testing and unveils findings of a new study on Enterprise-level Stress Testing (one of several research papers in Chartis' The Risk Enabled Enterprise ® research program)
More Novation articles
Middleware provider MarkitServ now in line with industry standard - two months after initially planned and more than three months after rival Ice Link.
Revised rules replace laborious consent-then-confirm novation process
As the US Congress moves to boost derivatives clearing requirements, an industry panel has called for regulators to investigate a move towards clearing and netting across US power markets and to cla...
The problems facing pension funds that want to novate – or alter – their longevity swap arrangements as part of a subsequent buyout gives established players such as Legal & General a distinct advantage,...
Mark Beeston explains the evolution of novation processing from an email-based system to fully automated consent through T-Zero, which combines front-office connectivity, workflow for all novation operations...
The International Swaps and Derivatives Association today launched its updated Novation Protocol II (NPII).
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.