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HKEX outage zapped key hedge; now banks push for rule change
Dealers seek shutdown of CBBC market if futures go dark
Market participants question South African rate reform
Risk South Africa: Some urge caution as South Africa moves to reform Jibar
Swaps data: CCPs – a systemically important market infrastructure
Disclosures show heavy concentration of initial margin in top three clearing services, writes Amir Khwaja
Latest
Quotes
There is some uncertainty on how volatilities should be on [Sonia] instruments compared to Libor swaptions
Sabri el Jailani, global head of rates options trading at Barclays
Brexit uncertainty caused marginal receiver flow to shift to Eurex and that’s what drove the basis
Euro rates head at a US dealer
If [FX dealing] disclosures aren’t publicly available then it doesn’t really pass the smell test
James Binny, global head of currency at State Street Global Advisors
Editor's Choice
Libor switch spells trouble for loan systems
Lenders face costly updates to ageing legacy platforms to cope with new risk-free rates
Big Figure
Margins of error
Clearing house CME reported two margin breaches totalling $79 million in the first quarter of the year. The CME attributed the shortfalls to increased volatility, without identifying either the parties or the positions involved. The bigger of the two breaches, $47 million in size, was the largest since public disclosure began in 2015.
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Comment
Swaps data: CCPs – a systemically important market infrastructure
Swaps data: are the new RFRs on track to replace Libor?
Our Take
Plumbing problems in the repo market
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