The ostrich has long been defamed by the rumour that it sticks its head in the sand when confronted with danger. A nonsensical myth – if only from an evolutionary standpoint – it is nevertheless the tactic that derivatives dealers are said to be adopting in the run-up to the implementation of section 716 of the Dodd-Frank Act.
The rule – known colloquially as the swaps push-out or the Lincoln amendment, after former Arkansas senator Blanche Lincoln, who introduced the measure – forces banks oper
The week on Risk.net, October 6-12, 2017Receive this by email
- Quantile, TriOptima face off in cleared swaps compression battle
- SGX, HKEX expect to be among first wave of Mifid II equivalence
- Leaked EU doc could shield legacy swaps from clearing grab
- ABS set for revival under US Treasury’s liquidity buffer plans
- Industry hails potential US relaxation of margin timing rules