Banks win concessions in battle over CCP margin models

European Commission proposal would shine light on clearing house margin charges

All together now: banks are campaigning for more visibility on CCP margin calculations

The European Commission is seeking to force clearing houses to reveal more details about how they calculate margin requirements, in a minor victory for banks that have long complained the process is too opaque. Some remain concerned the proposed rules still do not go far enough, though.

Banks have long sought greater transparency on clearers’ margin models, claiming the ability to replicate them accurately is vital to ensuring their exposures are properly measured. The commission’s proposal

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Calibrating interest rate curves for a new era

Dmitry Pugachevsky, director of research at Quantifi, explores why building an accurate and robust interest rate curve has considerable implications for a broad range of financial operations – from setting benchmark rates to managing risk – and hinges on…

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