European Securities and Markets Authority (Esma)
Sponsored webinar: Regulation
ETF Risk: Industry anticipates Esma
Securitisation market seeks SPV clearing carve-out
Securitisation would be "a lot less viable" if SPVs do not qualify for clearing exemption, says Isda
FSA warns on ETPs but omits to mention tracking error and hidden costs
A UK Financial Services Authority factsheet warns of risks relating to collateral and third-party involvement in exchange-traded products
Isda 27th Annual General Meeting Chicago 2012
End in sight?
Managing the regulatory patchwork to ensure global consistency
Managing the regulatory patchwork
Tentative on G-20 timelines for OTC derivatives clearing
Tentative on G-20 timelines
Regulators look out for clearing dodges
Out of the clear?
Each: CCPs seek safety in numbers
Each and everyone
Regulator interview: Esma's Steven Maijoor reveals all on ETFs
Regulator Q&A: Steven Maijoor
Physical ETFs are less risky, say European investors
Research institute Edhec-Risk's annual European exchange-traded funds survey has found that European investors think physical replication is less risky than synthetic exposure
Esma must mirror US Treasury’s FX exemption, says EC official
Patrick Pearson, head of the European Commission unit that drafted Emir, says forex swaps and forwards must be exempt from clearing under Esma standards
Risk Annual Summit: Corporate clearing exemption vital, say panellists
Corporate treasurers call for a broad clearing exemption within European rules – and say they might stop using derivatives without it
Mitigating op risks for CCPs post-crisis
To the rescue
Risk Annual Summit: Emir rules will be binding from 2013, says Pearson
Esma doesn’t have much time to draw up technical standards, but regulators will be ‘nimble on their feet’, says EC’s Pearson
Identifiers key to repository success, say participants
Consistent reporting to multiple trade repositories under new OTC regulations will depend on the successful adoption of legal identifiers
Custody Risk spring 2012
Welcome to the spring 2012 issue of Custody Risk
First person: depository liability
Preparing for liability
Esma under pressure to opine on asset-class specifics in Emir
A public hearing on Emir draft technical standards earlier this week leaves market participants with ongoing concerns over asset-class specifics and implementation time frame
European regulators undecided on initial margin rules for uncleared swaps
Counterparties will have to post variation margin on uncleared trades – but questions remain over which firms will have to post and collect initial margin
FSA: facing up to cross-jurisdiction conflicts
Juggling across jurisdictions
Esma: overburdened and under-resourced?
Esma under pressure
Margin rules for uncleared FX rest with regulatory working groups
Regulators must adopt a calibrated approach to mandated collateral so that short-dated FX swaps and forwards are not caught up in the rules unnecessarily, argue market participants
Fast-starting Esma will still run out of time, critics say
Esma has published a discussion paper on new clearing rules just five days after the high-level text was agreed - but a quick start and a three-month deadline extension might not be enough
CCPs fear prescriptive Esma standards on margin and risk
Esma could take key risk management decisions out of the hands of CCPs, according to new discussion paper on the technical standards required by European clearing rules