A Council of the European Union proposal to expand the scope of new European market infrastructure regulation to include exchange-traded derivatives should be carefully thought through, says the EC’s Patrick Pearson
Balancing the books
The hare and the tortoise
Legal precedent suggests European Commission might have to determine which contracts should be cleared under new derivatives rules, rather than Esma as originally planned
Treacherous path ahead
Moving OTC trades onto CCPs will increase op risks
Another central counterparty plans to launch in Europe, starting with zloty-denominated interest rate swaps
Michael Everaert has joined CME Group as head of OTC solutions
Names of derivatives counterparties and deal details could wind up in the public domain, unless regulators are bound by data controls, industry argues
New regulatory fixes only a partial solution as industry anticipates jurisdiction shopping by secretive clients
Kay Swinburne criticises colleagues in the European Parliament for failing to tackle the question of whether forex contracts need to be subjected to new clearing and reporting requirements
Institutional investors in Asia have some way to go to meet on-going regulatory requirements as set out by Dodd-Frank, the European Commission and other initiatives aimed at mitigating risks inherent with over-the-counter derivatives, a BNY Mellon survey...
New regulations will require Indian companies to prove they have an exposure that needs to be hedged
Regulators and supervisors head to Liberty Street for eighth OTC derivatives gathering
Risk summarises the major conclusions from the commission report
Asian banks likely to opt for harmonised OTC clearing approach with the US and expect higher hedging costs for corporates
New kid on the bloc
Theo Lubke calls time on 15-year stint with New York Fed to join Goldman Sachs.
The World Federation of Exchanges has urged US Treasury secretary Tim Geithner to keep forex derivatives under Dodd-Frank to block banks from using the exception for interest rate derivatives transactions. But a senior Westpac banker and rival trade associations...
The age of change
Finma official hits back at industry criticisms of counterparty risk charge, but concedes political pressure to hurt OTC market is undeniable