Infrastructure
Positioning repositories
Regulators on both sides of the Atlantic agree on the need for trade repositories to aid the monitoring of systemic risk. But there is a difference of opinion on where these repositories should be based, leading to the possibility that multiple trade…
Moral hazards for CCPs
Derivatives practitioners fear the political push for central clearing of standardised contracts could create a moral hazard, as clearing platforms might compromise their risk management standards to create a more competitive service. How are regulators…
Jockeying for position
A slew of market participants are hoping regulatory scrutiny of the derivatives industry will enable them to gain new footholds in the derivatives clearing and settlement value chain. Georgina Lee reports
Eurex cuts no Ice
The July 31 deadline for central clearing of credit default swaps in Europe was successfully met by dealers and clearing platforms. Both Eurex and IntercontinentalExchange have launched clearing services in Europe, but take-up for Eurex’s has so far been…
