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Nasdaq whacked with $36 million fine over Aas default
Swedish regulator’s fine poses serious questions over default management and margining, while providing few answers
Shell bides time over Isda fallbacks
Oil major will adopt Isda protocol as “insurance policy” despite hedge accounting concerns
FCMs to let clients offset swaps and futures margin at Eurex
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Brexit drives swaps trading to US platforms
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Big Figure
On a repo roll
US money market funds scaled up their investments in repo trades collateralised by non-government-backed assets over the fourth quarter. As of end-December, $60.2 billion such trades were outstanding, the most since end-February and up 11% on end-November. Trades collateralised by assets other than US Treasuries and US government agency bonds fell sharply from end-February to end-March in the wake of the coronavirus crisis. Volumes stayed flat at around the $52 billion mark, but started rising appreciably from end-October.
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Nasdaq whacked with $36 million fine over Aas default
Swedish regulator’s fine poses serious questions over default management and margining, while providing few answers
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