Founding banks no longer have 'powers of direction', which could have big implications for competition in Europe's interest rate derivatives market
The new head of CME’s European clearing business expects competition to be intense as the region heads towards the start of mandatory clearing, but he believes his firm has a winning hand. By Tom Osborn...
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CCP is not collecting enough collateral, member firms say. New model is being reviewed by FSA
Clearing houses can call for margin multiple times a day to protect against wild markets. But the burden of meeting those calls will initially fall on member firms – potentially creating a source of severe funding stress. By Matt Cameron
LCH.Clearnet, owner of the incumbent interest rate swap clearer, SwapClear, is facing new competitors at all levels - global, regional and local. One of the local competitors is Poland's KDPW_CCP, which is due to launch a service for zloty denominated...
After three years of work, client clearing volumes have started to rocket in recent months – but it may not be enough to avoid a last-minute stampede. Tom Newton reports
Boston-based State Street traces its history to 1792, less than a decade after the conclusion of the American Revolution. Today, the bank is hoping to profit by clinging to the coat-tails of another revolution: the overhaul of the over-the-counter derivatives...
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.
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