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Dodgy discounts: DVA claims fly in cross-currency market
Derided pricing adjustment is being used to undercut competition, traders claim
CFTC de minimis report worries US energy firms
Use of "alternate indicators" for dealing activity raises alarm bells in industry
Pricing, capital and HFT: our biggest stories in 2015
Prudential rules and swaps reform unleash waves of change
Risk technology rankings 2015: Surgery, instead of plasters
Murex, Calypso, FIS take top spots as clients push for regulatory compliance
Aggregators accuse Sefs of unfair pricing
Bloomberg and Tradeweb charge 'unreasonable’ connectivity fees, two platforms claim
Ending Emir hedge exemption conflicts with Mifid II, firms say
EU energy companies warn of inconsistency between two regulatory regimes
NAB pushed into clearing role by Clydesdale spin-off
Both parties felt it might be difficult for the UK bank to find a clearing provider alone
Position limits are an idea whose time has passed – Giancarlo
Low commodity prices dent rationale for US and EU anti-speculation rules, CFTC commissioner says
Banks test promise of blockchain as CCP replacement
“You can imagine a world where you don’t need clearing houses,” says senior banker
Basel may soften trading book rules on emissions
Latest FRTB tweaks also include increasing granularity of commodity risk weights
Commodity traders cheer CFTC record-keeping fix
Regulator softens Dodd-Frank rule that energy and grain traders saw as burdensome
Collateral or settlement: capital cut rests on role of VM
Questions about status of variation margin are more than semantics
Proposed margin rule to hurt global banks’ trades with China
Industry dislikes HKMA rule on initial margin for uncleared trades with non-netting countries
Dealers warn of hit to Asia from short margin transfer times
Japanese firms and Isda call for T+3 for cross-border uncleared swap trades
Swaps CCPs hope to slash capital via margin change
Treating margin as settlement could cut leverage – CME, Eurex, Ice, LCH.Clearnet all seeking approval
Talent drought threatens risk management, say firms
“Most acute shortages” are in operational risk, say recruitment consultants
Small banks face rate options valuation model change
Negative rates causing pricing model rethink
Negative swap spreads hit bank capital buffers
Portfolios of asset-swapped US Treasuries see mark-to-market losses of up to 20bp
Banks try to copy Citi and UBS clearing leverage cuts
Tactic slashes exposure for FCMs, but could undermine lobbyists
CFTC eases margin requirements for inter-affiliate trades
Bowen votes against final rule exempting non-cleared inter-affiliate trades from initial margin
Interview: Dutch regulator on leveraged ETF review
Following clampdown on leveraged ETFs in 2013, Autoriteit Financiële Markten launches second review of sector
US margin rules threaten clearing bottleneck
Fed estimates $2.5 billion annual cost of funding margin on bilateral trades
Stricter EU collateral rules threaten Nordic power market
Esma move on bank guarantees “risks damaging” liquidity, traders say
CFTC quizzes clearing banks over leverage-cutting tactic
Billions of dollars in client margin have already been moved off balance sheet