More transparency in OTC derivatives is crucial – but regulators need the right kind of data, say conference speakers.
A new capital charge on bank exposures to CCP default funds could be introduced in December, says Osfi's White.
Push for global convergence in over-the-counter derivatives regulations means any US exemption is likely to be followed in other jurisdictions, says the EC’s Pearson
The computational requirements of Solvency II are driving the need for more computing power and data storage accessible on a scalable basis. Early adopters are leveraging cloud computing for their Solvency II implementation. Others are taking a more cautious approach, waiting for the industry to address key concerns such as security before they to embrace computing.
More Patrick pearson articles
EC derivatives legislation set to be far more detailed than US financial reform bills, and open to industry comment before final adoption.
Proposals on risk management by CCPs should be more detailed, say participants
Standards governing central counterparties (CCPs) for over-the-counter derivatives should be more granular in detail, rather than focusing on high-level principles, says Patrick Pearson, head of the financial markets infrastructure unit at the European...
The EC says its seat on the steering committee will help keep global regulation coherent.
As head of the EC’s financial markets infrastructure unit, Patrick Pearson is leading the effort to draw up new European legislation for derivatives. He talks to Risk about the progress of that effort and the importance of aligning the rules with similar...
The exclusion of European Union (EU) institutions from a technical working group set up to review risk management standards for central counterparties (CCPs) could make it difficult for the EU to reflect those standards in its forthcoming legislation...
The European Commission (EC) has launched a public consultation on over 50 technical changes to the Capital Requirements Directive (CRD), which sets out the regulatory capital financial institutions must hold to cover their liabilities.
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.