Infrastructure
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?
Dealers resigned to CCP competition in Asia
Gaining interest
Sponsored statement: LCH.Clearnet
Tested model proves the clear choice in Europe and the US
HSBC's new global custody head talks Japan and priorities for 2011
John van Verre, HSBC's head of global custody at HSBC Securities Services, has told ICFA there has been little impact to its business in Japan following the devastating earthquake and tsunami.
Polish OTC clearer aims for 2012 launch as Europe fragments
Another central counterparty plans to launch in Europe, starting with zloty-denominated interest rate swaps
CFTC urged to raise bar for CCP stress tests
Market participants say CFTC proposals should be more detailed, more prescriptive