Risk magazine
Replacement costs add to OTC pricing upheaval
Down the rabbit hole
People: Exodus of traders from Brevan Howard
Exodus of traders from Brevan Howard
Detroit swaps spark fight between dealers and insurers
Detroit spinners
The CCP price: users fear modelling mishaps
The CCP price
The downgrade trigger trap
Trigger trap
Dealers split on market-making constraints - Risk survey
Just over half of dealer respondents to a Risk survey believe post-crisis rules are constraining their ability to make markets
Custody Risk European Awards nominations open
The Custody Risk European Awards (formerly the ICFA European Awards) are recognised as the most prestigious in the securities servicing industry and identify the best companies in custody, fund administration and technology.
Banks could quit CCPs that miss Esma deadline
A world of confusion
European CCP rules stricter than US, says Eurex Clearing chief
Thomas Book, chief executive of Eurex Clearing, says it remains to be seen whether the standards for central counterparties set in Europe will be matched around the globe
Barclays and JP Morgan among first to centralise ‘XVA’ desks
Dealers are looking to consolidate desks that manage adjustments for credit, debit and funding valuation
Introducing the XVA desk - a treasurer’s nightmare
Grand centralisation
Citi heads mandate wins with £10 billion Nationwide appointment
Citi picked up a £10 billion custody mandate from Nationwide Building Society while RBC and BNY Mellon also registered major wins
Citi appoints new OTC clearing head for EMEA
In-house lawyer to step into role vacated by Andrew Sterry
Clearing certainty: Hubs hit heavy weather
Unclear over clearing hubs
The slow growth of cross-product margining
The slow growth of cross-product margining
KfW justifies exemptions from Emir
German government-owned development bank KfW managed to win an exemption from clearing and margin requirements under European derivatives regulation - a benefit not extended to its peers. Luke Clancy asks why
Profile: Network Rail sings the praises of two-way CSAs
Getting there
Agency desks hopeful new protocol will solve Dodd-Frank issues
A preliminary protocol to enable four-way FX prime brokerage involving agency desks has been agreed ‘in principle’ and could allow agencies to scale up their activities, having been largely reduced to spot since May
Clearstream COO: T2S will help plug Basel III capital hole
Mathias Papenfuss, chief operating officer of Luxembourg-based international central securities depository Clearstream and board member of its German central securities depository, tells Luke Clancy the Target2-Securities project has potential to help…
Leverage ratio changes threaten European clearing model, industry warns
Proposed revisions appear to catch back-to-back trades that are used to get exposure into European CCPs