Swap execution facility
Clearing credit hub closes, with Markit citing disappointing Sef volumes
Name give-up a way of shutting market to non-dealers, critics claim
In this white paper, Gordon Russell, Global Head of Risk at Broadridge Investment Management Solutions argues that the chances of survival in this new environment will be greater for funds that implement solutions to efficiently and cost-effectively manage data and risk.
More Swap execution facility articles
Data shows users are not flocking to the product to avoid Sefs
Icap takes the top spot as brokers struggle with Sef switch-on
Only banks with ¥6tn in derivatives must trade swaps electronically
Discussion paper asks 139 questions on new transparency regime
Packages are now subject to CFTC rules, but involve SEC-regulated legs
Derivatives users look to non-standard swaps to avoid Sef execution mandate
US rules have broken the swap market in two, according to 60% of respondents to a poll
Lack of alternative Sef regimes makes US approach de facto standard
Banks have spent 'a lot of time and money' to avoid extra-territorial swaps rules
“Historical relationships” will make it difficult for prop traders and others to make markets on Sefs
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.