News
US eases leverage ratio impact on swaps
JP Morgan says new approach boosted ratio by up to 20bp
Zambia sees first currency futures contract
Badex lacks foreign backers, talks with development banks
CFTC told EU platforms not to seek Sef equivalence
At the same time, UK's FCA was working through rules with London-based venues
World risks 'cyber Lehman' crisis, Zurich report warns
Interdependence across internet is laying foundations of a disaster
EU applies 8% haircut to margin-currency mismatches
European regulators confirm haircut will apply to both initial and variation margin
‘Smarter’ bespoke product orders welcomed by banks
Custom products sought after by US advisers as automation improves
Covered bond issuers cheer EU swaps margin relief
Regulators recognise collateral posting barriers but set six conditions for an exemption
BNPP makes first big options trade on Nikkei 400 index
Hedging remains an issue until futures are launched in November
Dealers benefit from OTC liquidity split, buy-siders claim
Shut off from foreign peers, US firms need dealers to access offshore liquidity
Australian tax ruling targets offshore hedge funds
Limited partners are liable for capital gains
Concerns mount over periodical payment orders
General insurers embrace capital modelling and revised ALM strategies
EC tries to close forex loophole in Emir
Consultation launched in attempt to harmonise reporting rules; FCA will "engage closely"
Buy side pushes back on Aussie dollar swap clearing
Small firms reluctant to clear due to margin costs
Co-operative Bank warns of risks after losing £1.3 billion in 2013
Low profits and risk concerns predominant in report by UK-based bank
Collateralisation jumps by a fifth - Isda margin survey
Corporates lag other participants; less than a third collateralising
Small corporates not reporting derivatives trades: Bafin
Enforcement of Emir reporting rules will be gradual, regulator says
Emir reporting launch was satisfactory – Esma’s Petrenko
Despite problems, Esma official says reporting roll-out went "pretty well"
Pimco weighs use of interdealer order books
Fixed-income giant ‘looking at all possible venues’ in search for liquidity
Repo costs rising as a result of leverage ratio
Low-margin, high-notional products being repriced says Pimco's Bill De Leon
Eurex takes aim at SwapClear in clearing cost study
German CCP cites cross-product efficiency as chief advantage
Barclays' Harrison calls for phased start to clearing in Europe
Staggered roll-out was key to success of clearing rules in US, says securities co-head
Euro swaps flee Sefs
Isda research finds Sef-driven liquidity split, with US dollar volumes growing and others shrinking
Isda hoping to detoxify derivatives
First day of conference pushes pro-swaps message
Corporate hedgers fear OTC liquidity drain
End-user exemptions could prove Pyrrhic victory, says treasury head