Custody risk
EU equivalence requirements set to hit trade with India
India has no plans to become an equivalent country under EU regulations on financial services. India’s decision is likely to foreshadow problems with other emerging countries trading with the EU
Banks fear loss of hedge accounting for CCP novations
Trades cleared voluntarily would not be protected by hedge accounting under IASB proposals
New Iosco chair launches cross-border taskforce
Greg Medcraft took over as chair of the International Organization of Securities Commissions in March, alongside his role as chairman of the Australian Securities and Investments Commission. He talks to Luke Clancy about his priorities for both roles
Isda AGM: CCP ‘Armageddon’ could lead to sovereign default, warns HSBC exec
Single bank default could affect multiple CCPs, leading to crippling default contribution for existing members and a chain of bank failures
Mandate Watch: BNY Mellon leads the pack
Mandates trend to alternatives
Custody Risk Americas Awards 2013
Custody Risk is pleased to unveil the winners of the Custody Risk Americas Awards 2013
Isda AGM: Asia clearing houses to dominate, says survey
Many derivatives users in Asia expect to clear through local CCPs, creating the potential for liquidity fragmentation and higher costs
Custody Risk March 2013
Editor's comment - solving systemic risk in harmony
Finance ministers warn US on extraterritoriality
Letter to US Treasury secretary says OTC rules should be applied within national borders only. Signatories include French, German, UK finance ministers
Op risk fears as OTC clearing gathers steam
The OTC market's complex new structure will lead to operational glitches, conference participants warn
CFTC should extend US persons fix, says O'Malia
Agency has not begun debating final definition of US person and "will need to provide relief" when temporary exemption expires, says CFTC commissioner
Firms will be shut out of OTC market at June US clearing deadline
FCMs do not have capacity to sign up all category 2 firms, market participants warn – and swap futures stand to benefit
Singapore positions itself as OTC clearing hub for Asia
Clearing link with KRX will lead to larger volumes and efficiencies at SGX
Central banks weigh use of OTC clearing houses
Survey finds nearly 40% of central banks are considering clearing their OTC derivatives
New clearing rules have already been broken, FCMs say
Some client trades have not been cleared within 60 seconds
Nasdaq OMX to launch FX clearing in November
Stockholm-based clearing house becomes the latest to announce its intention to enter the forex space
Markit and Traiana prepare for clearing hub showdown
Two firms now testing central credit-checking service
Apex offers low-cost option for hedge fund start-ups
Apex Fund Services is providing start-up hedge fund managers with a range of options to keep costs down, including free office space in several major cities around the globe. It will also offer advice
Extraterritoriality: US person definition doubt
The Dodd-Frank Act requires any trade involving a US person to meet strict new regulatory requirements. The first mandatory clearing requirements are now in force – but the definition of US person is still not finalised, creating havoc for firms trying…
Broader US person definition could cause clearing avalanche, participants warn
A large number of offshore funds could be classified as US persons once a CFTC exemption expires in July, subjecting them to Dodd-Frank transaction-level rules
Is fully compliant SSI data finally in sight?
Sponsored statement: Omgeo
JSCC to start client clearing by March 2014
Japan’s over-the-counter derivatives clearing house will soon allow member banks to offer client clearing and it also plans to merge with another domestic clearing house, according to a senior official.
Ice blames SEC as it drops single-name CDS clearing plans
Firms that trade index and single-name CDSs will see margin requirements increase