International Swaps and Derivatives Association (Isda)
Europe goes its own way on CVA
Europe goes its own way on CVA
Extraterritoriality, uncleared margin and futurisation – Isda on OTC derivatives reform
The first clearing mandates came into force in the US on March 11, but there is still plenty of uncertainty about how certain parts of the new regulatory framework will function. In this roundtable discussion, Nick Sawyer talks to two senior board…
Breaking break clauses
Breaking break clauses
Extraterritoriality: US person definition doubt
The Dodd-Frank Act requires any trade involving a US person to meet strict new regulatory requirements. The first mandatory clearing requirements are now in force – but the definition of US person is still not finalised, creating havoc for firms trying…
Active funds list causes furore
Listed firms complain about breach of confidentiality – others say they are victim of human error – after Risk publishes list of fund managers that face March 11 clearing deadline
Rise in CCPs may spur collateral fragmentation
Currency controls
Central clearing obligations cause collateral headaches in Asia
Collateral thinking
Chinese equity derivatives master agreement close to being finalised
Securities firms in China have begun trading OTC equity derivatives, with a final master agreement expected soon
Bank groups revise trading book counter-proposals
Industry associations seek to put banks in control of diversification treatment - but propose regulatory safeguards
Isda seeks to dispel speculation myths with commodity website
Isda turns up the volume in controversial debate over commodity speculation and position limits
Moves to liberalise domestic derivatives in China
The derivatives door opens
European swap margin rules won’t be retroactive, says Esma
Trades will not become subject to initial margin rules part-way through their life, rule-making body tells Risk
A year of market movement and trading opportunities
Sponsored forum: US inflation derivatives
Dealers seek second business conduct reprieve from CFTC
Less than 1% of counterparties are ready to trade under new regime. Non-compliant firms may be frozen out of the market, banks warn
Bucking the trend: Derivatives market liberalisation in China
Bucking the trend
New standard CSA to launch before end of the year
New standard CSA aims to reduce valuation disputes by eliminating the embedded optionality that exists in the current document
Dodd-Frank and its impact on Asia
States of confusion
Dealers working to keep Asian entities outside Dodd-Frank
As the CFTC prepares to finalise its rules on extraterritoriality, some firms in Asia are working to minimise the impact on non-US entities
Editor's letter: More effort required
More effort required
CFTC facing struggle to revive commodity position limits
Limited appeal
OTC Derivatives Clearing Summit Europe: No need to panic about collateral supply, says Bank of England
Isda estimates that mandatory clearing and margin could require the posting of up to $30 trillion of initial margin have been inflated, not least because of a likely exemption for forex swaps and forwards, according to a senior BoE official
Changing hats - November 2012
Arrivals and departures in the operational risk and regulation businesses