Custody risk
BIS finds ‘no evidence' of persistent collateral scarcity
Report says increased reliance on collateralised funding and demands of regulatory reforms have not led to any 'lasting or widespread scarcity' of high-quality assets
Banks struggling with European reporting rules
Reporting infrastructure built to fulfil Dodd-Frank requirements will need to be revamped to meet Emir standards, say banks
India‘reluctant’ to apply for Esma recognition under current rules
Indian reticence over Emir steps up pressure on EC equivalency regime
Custody Risk June 2013
Editor's comment - piecing it all together
Eurex warns limiting CCP recovery plans could be "very dangerous"
Clearing houses need flexibility to determine correct course of action, says head of risk at Eurex Clearing
Japan delays cross-border rules amid US and European uncertainty
Equivalence and substituted compliance issues must be resolved quickly, or financial markets will be affected, says Kono at Japanese FSA
CFTC misusing Dodd-Frank to expand its role, says CME's Duffy
CME chief accuses regulator of overreaching, as line-up of industry figures attacks Dodd-Frank rules
Emir futures margin rules create 'regulatory arbitrage'
Clearing house and commodity traders voice concerns about European firms going to US due to Emir CCP standards
Piecing it all together
The aspiration to globally aggregate OTC derivatives data to determine systemic risk remains a distant dream
US-European divergence over default funds
Quotes of the quarter
Data fragmentation hampers oversight
The G-20 had hoped the reporting of OTC derivatives trades would give regulators an opportunity to spot the build-up of systemic risk. But domestic reporting requirements, a lack of standard data formats and local privacy laws are preventing supervisors…
Mandatory clearing in Hong Kong postponed until January
Banks will have a six-month grace period before they must finally start clearing by July 2014
Alternative Fund Administration Survey
Single-manager hedge fund admin assets prosper while FoHFs suffer
Australian regulators unveil criteria for mandatory clearing
Three regulators, including the RBA, reveal how they will decide whether and when to implement mandatory clearing requirements for OTC derivatives
CFTC’s O’Malia: Sef rules could favour Europe
The CFTC has a lot on its plate, including Sef rules, dealing with the extraterritorial impact of its regulations, and working out how best to manage the huge amount of data coming its way
Banks eye July 12 exemptive order deadline
A CFTC exemptive order expires in July, meaning new regulations could capture a broader range of clients as US persons
Signs of recovery despite uncertainty
Sponsored forum: Luxembourg
SEC cross-border rules an improvement on CFTC proposals, say lawyers
Narrower US person definition and substituted compliance proposal win praise from market participants
China onshore OTC clearing postponed until 2014
OTC clearing onshore in China will be delayed until at least the end of 2013 or early 2014 according to an official at Shanghai Clearing House
US funds fear inability to clear amortising swaps
A prohibition on taking cross-border risk could force some category two participants to stop trading amortising swaps from June 10
BNY Mellon announces eight new appointments
BNY Mellon has made several new hires across four businesses, including appointing Dean Sakati to head strategy for securities finance within global collateral services, and Mark Gonzalez as US chief operating officer for derivatives clearing services