Owner of Natixis overstated derivatives exposure to France by €3.4 billion after mixing up notional and mark-to-market numbers
The decision by Moody’s to downgrade Lloyds and RBS fails to spark surge in CDS spreads, while other European banks finish more or less unchanged on the week despite continuing woes in the eurozone
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London-based CCP is set to launch clearing for NDFs in six currencies in mid-November, having shelved plans for options clearing while banks discuss settlement-related issues with regulators
The OTC market still does not know how to provide certainty that a trade will be cleared - but an FIA-Isda meeting in New York gave attendees a chance to look at what is on offer
BP's Alan Haywood says non-banks need to consider Fed letter commitments for the good of the industry
Dealers say CCPs need to be more transparent about how they calculate margin – including making their models fully accessible
FSA's Bailey says the commitment letter process is better for firms than having the regulator "kicking over their books"
Futures and Options Association report refutes negative impact of speculators on commodities markets
CCP interoperability will not resolve fragmentation in the OTC markets, say panellists at Isda Europe conference in London
Traders say decision by Moody’s was already priced in as major French banks escape CDS blow out
Despite a CFTC proposal that attacks an industry clearing document, the core of the text can survive, says lawyer at Isda's New York conference
French banks see further spread widening, before disclosure by Société Générale on its eurozone sovereign exposure prompts a turnaround for that bank
A new rule from the securities regulator, effective September 12, means some Hong Kong-listed A-share ETFs will have to fully collateralise counterparty risk exposure from their P-note issuers. The ...
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.