International Swaps and Derivatives Association (Isda)
Canadian OTC derivatives repository unnecessary, say market participants
Critics argue a Canadian OTC derivatives repository would lead to fragmented and inconsistent data
The Fed commitment letter process is alive and well, say Isda panellists
FSA's Bailey says the commitment letter process is better for firms than having the regulator "kicking over their books"
CCP interoperability not achievable in near term, say clearers
CCP interoperability will not resolve fragmentation in the OTC markets, say panellists at Isda Europe conference in London
ICB bail-in proposal revives CDS fears
CDS contracts would not trigger in the event a bail-in bond is written down, say lawyers – threatening their use as a hedge
Give-up agreement can survive CFTC attack, Isda event told
Despite a CFTC proposal that attacks an industry clearing document, the core of the text can survive, says lawyer at Isda's New York conference
Isda to review close-out value definitions
Absence of a standard approach is stifling attempts to value termination clauses, dealers complain
People: Citi ramps up listed and OTC clearing
Citi ramps up listed and over-the-counter clearing
Obstacles facing dealers' dream of a global OTC data repository
The database race
CFTC proposals leave cloud over FIA-Isda clearing contract
Grey skies over give-ups
Standard CSA: Industry's solution to novation bottleneck gets nearer
New CSA, new challenge
New standard CSA could be rolled out in Q2 2012
An implementation plan for the new standard CSA is set to be reviewed by the Isda board in September, with a first-phase roll-out expected as early as the second quarter of 2012
CFTC's Sommers: Blocking FIA-Isda document was "huge waste of resources"
A proposal prohibiting an Isda-FIA clearing document highlights rift within CFTC, with Republican appointees claiming they were kept in the dark
The push to a new CSA standard
Disputes over the valuation of trades backed by multi-currency credit support annex (CSA) agreements – in other words, those that allow counterparties to post collateral in multiple currencies and assets – has pushed the industry to develop a new…
Wave of new regulation brings inconsistencies and loopholes
Divergent paths
Risk head leaves Isda
David Murphy leaves Isda, to be replaced on an interim basis by Peter Sime, the association's recently appointed head of research
CME, Ice to launch repositories rivalling the DTCC
Banks have picked the DTCC to build a series of new derivatives repositories, but overlooked rivals CME and Ice vow to fight on
Basel III charge could spur interest in CCDS
Development of CCDS could be pushed ahead by Basel III CVA charge, suggest market participants
Foreign banks get temporary respite from China’s new ‘Volcker rule’
Foreign banks in China, particularly thinly capitalised branches that are not locally incorporated in the country, greeted a decision by China’s banking regulator to postpone rules aimed at limiting non-hedging business onshore with relief this month…
New Isda equity definitions to 'stand the test of time', lawyers claim
Participants say long, difficult talks will set stage for standardisation and central clearing
Collateral transformation needs to be carefully planned by clearing members, says Isda’s O’Connor
In an exclusive video interview, Isda chairman Stephen O’Connor says there is a finite capacity for clearing members to provide collateral transformation services to their clients
Boon to US leverage ratios as FASB ditches netting proposals
Derivatives accounting proposals abandoned to relief of dealers - but move deals a blow to hopes of convergence between US standards and IASB
JAC reaffirms retail structured products principles with bigger committee
JAC reaffirms retail structured products principles with bigger committee