Infrastructure

Development of LME Clear proves a test of mettle

A change of ownership and an evolving regulatory landscape have thrown up big challenges for the London Metal Exchange in its quest to clear its own trades. Trevor Spanner, the chief executive of LME Clear, speaks to Mark Pengelly about the project

Corporate risk manager of the year: Microsoft

The first US clearing mandates came into force last year in three separate phases. While most corporates looked to take advantage of the corporate hedging exemption, Microsoft decided right from the start to voluntarily clear everything

EBA: Common credit risk definitions vital

European regulators have overhauled bank reporting standards to ensure comparability, with new Finrep and Corep templates to be rolled out from this month. The latest step has been to agree common definitions for forborne and non-performing exposures…

Trading OTC may be costlier than you think

Debate continues to rage about the merits of clearing, with some market observers arguing that the benefits of using central counterparties are outweighed by the precipitous costs involved. But such criticisms fail to take the full burden of over-the…

FSB: work needed on consistent data standards

Public- and private-sector experts have worked hard over the past three years to develop the framework for a global legal entity identifier system, but more effort is needed to create consistent data standards for financial instruments and transactions,…

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