Infrastructure
The complexity of client clearing
Client clearing complexity
US still has no plans to give Asian sovereigns Dodd-Frank exemption, says Hong Kong regulator
Asian countries are concerned about the lack of Dodd-Frank Act CCP exemptions for sovereigns; proliferation of CCPs carries its own risks, say dealers
Chi-East moves to connect Asia's dark pools
Joint venture between Singapore Exchange and Chi-X Global expects to announce four new members in the next two months
Banks and ECNs join forces to prevent FX flash crash
Citi, JP Morgan and Morgan Stanley join Deutsche Bank on Traiana's enhanced CreditLink service
Push for machine-readable contracts poses problems
Rise of the machines
More guidance needed from regulators on clearing
Clear guidance?
DTCC and Swift eye FX trade repository
New York-based group set to develop trade repository for every other OTC asset class and has pitched for foreign exchange in partnership with Swift
Deutsche Bank merges OTC and listed clearing businesses
Deutsche restructures clearing initiatives in response to global regulatory push towards OTC derivatives central clearing
Central bank liquidity would help CCPs in distressed situations, says BIS
BIS weighs in on CCP central bank liquidity access debate
Credit Market Data Roundup – June 2011
Credit Market Data Roundup – June 2011
Client clearing services slowly maturing
A clear path?
OTC industry rushes to develop standard legal entity identifiers
Identifying the identifiers
OTC markets stagnated in 2010, BIS says
Notional volumes record modest growth in late 2010 after falling in first half of the year
Shift to clearing presents CCP system challenges
A clear challenge
Isda AGM: industry fears post-trade transparency effects
Panellists discussed the blow-back the proposed 15-minute block-trade rule could have for end-users, as well as real-time trade transparency regulatory co-ordination
Isda AGM: Fed letters 'not a waste of time', banks argue
Industry defends decision to set up recently sidelined TriOptima rates repository and argues voluntary commitments have value
Isda AGM: CCPs 'thinly capitalised' warns UniCredit's Mustier
In addition to margin requirements, UniCredit's head of corporate and investment banking argues clearing houses might need more capital
Isda AGM: dealers, CCPs debate risks of lowering bar to entry
Weaker clearing members could be overstretched by a crisis, dealers warn - but LCH.Clearnet and CME differ on the risk of wider access
Isda AGM: Esma committed to G-20 clearing deadline, says Maijoor
New authority will conduct cost-benefit analysis to decide which derivatives should be cleared - but G-20 deadline is not negotiable, says Esma chair in first public speech
CFTC proposals render TriOptima rates repository unfit for purpose
Industry launches new process to select rate derivatives repository, after CFTC proposals far exceed tasks TriOptima’s repository was asked to perform by dealers and bank regulators
Risk Europe: More clearing members preferable, say buy-side panellists
A wider universe of clearing members could help reduce risk, say buy-side representatives – who add they would consider joining
Algorithmic trading in energy
The hare and the tortoise
EU Council questions Esma’s power to determine clearing eligibility
Legal precedent suggests European Commission might have to determine which contracts should be cleared under new derivatives rules, rather than Esma as originally planned
Unlevel playing field for CCP members concerns banks
Under the bar, over the top?