Luke Clancy is the London-based editor-at-large for Risk.net.
Over the past 20 years spent in financial journalism, his previous positions have included: supplements editor, Risk magazine; editor of Hedge Funds Review, ETF Risk and Custody Risk (all formerly published by Incisive Media (now Infopro Digital)); senior investment writer, Investment Week (published by Incisive Media); deputy editor, Global Investor (Euromoney); managing editor, Engaged Investor and Pensions Insight (Newsquest Specialist Media); editor, World Mining Stocks (Aspermont UK); editor, Global Pensions and deputy editor, Professional Pensions (MSM International); online editor, Private Wealth Advisor and Offshore Red (Camden Publishing).
Firms say DLT can sit with current market practice, but instantaneous settlement 'not desirable'
AMF calls for equivalence to be scrapped for biggest CCPs and trade repositories
Masters’ firm quietly moves beyond finance; works with PNC Bank
Mifid II best execution requirements intrusive and painful, say asset managers at Buy-Side Risk Europe 2017
Former Russian oil minister predicts meeting, but White House has no announcements “at this time”
Trading obligation consultation due by May, as industry urges clarity rather than speed
Goldman Sachs and JP Morgan upending years of bank strategy by making systems available to clients
UK pushes back against French demands to shift CCP business post-Brexit
Most euro clearing could be repatriated after Brexit without hitting other jurisdictions
Operators of legal entity identifiers hope Mifid II will spur greater adoption
Three-quarters of survey respondents administering $4.4 trillion collectively get weekly illiquids enquiries from managers
Absent the extension, OCC estimates extra $74 billion in RWAs for European members
Follow-on contracting not legally enforceable in some jurisdictions
Ex-Morgan Stanley bankers’ offering aims to reduce daily collateral flows that currently top $200bn
Maintaining the status quo would avoid disrupting securities financing and collateral reuse
Regulators can monitor a million active trades and hundreds of messages per second in swap test
Covering 80% of venues is considered enough to approximate total market size under Mifid II