It used to mean the tearing-up of perfectly matching trades, but compression has become something bolder and more ambitious in recent months – at the same time, it has also become more confusing, and smaller banks fear they may have the wool pulled...
TriOptima’s new risk mitigation system, triBalance, is a big hit among dealers – but it faces a regulatory death sentence
In the balance
A winning formula
On the move
Following the launch of the interest rate derivatives trade repository last week, the Depository Trust & Clearing Corporation confirms foreign exchange and commodities are the next priority
The database race
Speaking in a video interview, Isda executive vice-chairman Robert Pickel said regulators are aware that inconsistencies could emerge between legislative requirements and Fed letter commitments
Industry defends decision to set up recently sidelined TriOptima rates repository and argues voluntary commitments have value
Industry launches new process to select rate derivatives repository, after CFTC proposals far exceed tasks TriOptima’s repository was asked to perform by dealers and bank regulators
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
TriOptima appoints regional heads
Trade compression company appoints new heads for regional businesses.
Rules and regulations
The TriOptima-run interest rate derivatives trade repository has registered $448 trillion notional in transactions, as of the end of March.