International Organization of Securities Commissions (Iosco)
New CPSS/Basel guidance on FX risk management to be published soon
A new consultation paper on risk management practices in the FX market will be released in the third quarter – and may be published as early as this month
WGMR margin rules borrow heavily from US proposals
Working group publishes proposed margin rules for uncleared trades – bringing global rules in line with an earlier US proposal
CCP recovery and resolution: New tools, but no rules
Apocalypse never?
On the move
On the move
Q&A: William Dudley on global CCP standards
Central counterparties are about to take centre stage in the revamped over-the-counter derivatives markets – a development that has given rise to a set of global principles for their management and supervision. William Dudley, president of the Federal…
NY Fed's Dudley fears CCP capital 'cliff effect'
Supervisors should ensure the capital regime for cleared trades avoids a sudden leap in risk weights, says New York Fed president
Taiwan’s trade repository setting up reporting agreement with DTCC
Taiwan, home to Asia’s first trade repository, is looking to ink a reporting agreement with DTCC
Isda AGM: Gensler confident clearing location requirements will not be imposed
Regulators are unlikely to insist local currency trades be cleared domestically, says CFTC chair
CPSS-Iosco lifts cloud on forex options clearing
CCPs do not have to guarantee settlement, CPSS-Iosco rules - but issue could still have some way to run
US dealers breathe easier as global uncleared margin rules take shape
The extraterritorial scope of US margin rules would have left US banks’ overseas swaps business in tatters, but an international working group looks set to deliver a reprieve by endorsing similar rules
Regulators look out for clearing dodges
Out of the clear?
Canada clearing paper will not address CCP location question
A consultation on OTC clearing is expected in the coming months, but a key question will not be answered
Mitigating op risks for CCPs post-crisis
To the rescue
Dealers worry about risk of $500bn overnight liquidity drain
Dealers are concerned that intra-day margin call guidelines, which they claim could drain up to $500 billion from financial markets, could make it into final CPSS/Iosco principles
South African banks will struggle with CCP default fund requirements, say participants
Default fund contributions will be too onerous for South African banks, say conference participants
Changing hats, March 2012
Sharon Bowles retains her role as chair of Econ in the EU, while Rosalind Tyson retires from the SEC and Chartis appoints a new CRO
On the move
On the move
Canadian OTC derivatives repository unnecessary, say market participants
Critics argue a Canadian OTC derivatives repository would lead to fragmented and inconsistent data
Speculation not a major cause of commodity market volatility: FOA
Futures and Options Association report refutes negative impact of speculators on commodities markets
Brokers welcome Iosco commodity derivatives supervision principles
The recommendations of global regulators to harmonise commodity derivatives regulation have received praise from brokers for not trying to divide 'speculation' from 'hedging'
SFOA conference: Eurex supports central bank access for CCPs
Derivatives clearing houses should be able to rely on central bank liquidity support, says Eurex exec at SFOA annual conference
India’s CCIL set to become currency options trade repository
The Clearing Corporation of India is already well ahead of rivals in Asia when it comes to receiving OTC interest rate derivatives data. It now looks set to become the country’s trade repository for non-rupee currency derivatives, as the clearer moves to…
Multiple repositories must adhere to common standards, says CPSS-Iosco
International coalition of regulators recognises the likelihood that multiple trade repositories will be set up along global, regional or national lines and sets out recommendations for minimum standards
SEC commissioner Casey steps down
End of term for longest-serving US regulator