Articles by Joel Clark
Nigel Khakoo to leave Citi
US bank's global head of G-10 options trading has been made redundant
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
CFTC rule-making narrows field in repository race
CLS decides not to pitch to become a foreign exchange repository provider after CFTC rule-making demands extra granularity and timeliness in data reporting
Exemption clarity allows market participants to prepare for new regime
Banks, market infrastructures and industry associations prepare to move forward with regulatory preparation, now that fx swaps and forwards are set to be exempt
US Treasury will exempt forex swaps and forwards from Dodd-Frank
Afme's global forex division welcomes the decision, announced on April 29, and calls on European rule-makers to follow suit
Thomson Reuters Matching hit by four-hour outage
Banks say liquidity was affected by the service outage but it was fortunate to occur at a quiet time for the market
CLS considers membership category for CCPs
"Allowing CCPs to settle FX trades bilaterally would reintroduce Herstatt risk, so it would certainly be preferable to have CCPs become either direct or third-party members of CLS," says LCH.Clearnet executive
Securities regulators at odds over OTC shift to trading platforms
Iosco members fail to agree on whether organised trading platforms for derivatives should source liquidity from multiple institutions.
CLS committed to settlement risk mitigation under new regulations
68% of respondents to FX Week online poll believe CLS should be central clearer for FX products, but CLS insists it remains focused on mitigating settlement risk
Confusion over CCP default fund charge
CCP charge confusion
Spotlight on: Jeremy Hill, Royal Bank of Scotland
FX Week speaks to Jeremy Hill, head of FX and money market operations at RBS in London
Capital rules for CCP exposures could make clearing costs punitive, dealers conclude
New Basel risk weighting must be reduced, industry says
ECB opinion on derivatives reform spurs debate on CCP liquidity resilience
French authorities welcome ECB's call for the resilience of central bank money to be recognised in EU derivatives legislation.
Barclays Capital loses two senior equity derivatives staff
Head of European flow and head of exotics depart in Barclays Capital downsizing.
EBA, Esma and Eiopa appoint senior management
New European banking, securities and insurance regulators name their first chairs
Esma names Tavares vice chair and appoints six board members
New statutory authority for the securities market makes first appointments following its creation on January 1.
Basel Committee tweaks counterparty risk rules
Basel Committee makes alterations to counterparty credit risk rules
The debate over CCP central bank liquidity
The liquidity access debate
Basel III won’t be a problem if implemented correctly, says Bank of England
Latest Financial Stability Report stresses importance of long transition to new rules, and concerns over central counterparty clearing
Basel Committee publishes final Basel III rules
The Basel Committee has finalised its Basel III package - but work in certain areas will continue into 2011
The end of the beginning for Basel III
Basel III: in your own time...
CCP turf war simmers as OTC regulations head to the European Parliament
CCP turf war simmers as OTC regs head to European Parliament
Forex markets hope for CCP exemption
All settled?
Basel Committee doesn’t have the last word, vows Othmar Karas, MEP
European Parliament’s rapporteur for CRD IV suggests Basel III will hit European banks hardest and adjustments will be needed when the standards are transposed into European law