Margin
DE Shaw sees $65m swaps margin threshold as exposure cap
Isda AGM: Hedge fund plans to share non-cleared swaps around to reduce trading costs
EU SFT rules on collateral consent create legal conundrums
Reuse, title transfer, reporting and derivatives in scope scrutinised
Banks welcome Esma clarification on foreign subsidiaries
Regulators reach "logical conclusion" on third-country entities
Bowen: CFTC should complete Dodd-Frank rules by year-end
Leaving rules "in flux" will harm market, CFTC commissioner warns
Swaps industry mulling new utility for margin compliance
Utility would run daily margin calls, using open source version of industry’s standard model
Primes re-pricing and exiting their tails
Start-ups struggling to establish multiple PB relationships
DBS risk chief calls for wider margining exemption for non-banks
Margining rules for uncleared derivatives will be a drain on liquidity
Japan banks will avoid US firms over margin rules
Dollar bias of US uncleared margin rules will impact swap pricing
US bilateral margin rules: a hit parade of horrors
US regime differs on currency, threshold, eligible collateral and non-financials
Utilities face pressure to clear OTC derivatives
Non-cleared derivatives rules pushing utilities towards clearing
US energy firms cheer regulators’ shift on margin rule
New proposal exempts non-financial end-users from margin requirement
EBA: Objections over WGMR rules not our fault
EU authorities claim hands are tied by WGMR proposals on non-cleared margin requirements
Q&A: Jeanmarie Davis, Federal Reserve Bank of New York, on CCP oversight
Fed official also tackles repo, non-guaranteed affiliates and access to Sefs
Get real: asset managers ditch swaps for loans
Margin liquidity risks behind demand for physical, long-dated assets
Collateralisation jumps by a fifth - Isda margin survey
Corporates lag other participants; less than a third collateralising
Trading OTC may be costlier than you think
Debate continues to rage about the merits of clearing, with some market observers arguing that the benefits of using central counterparties are outweighed by the precipitous costs involved. But such criticisms fail to take the full burden of over-the…
Cross-currency margining can bring savings, says SwapClear's Michael Davie
Margin efficiency will be the main driver of success in the OTC clearing world and while cross-margining with futures has been touted as a potential game changer, the gains from this may be illusory, says Michael Davie, head of SwapClear, and chief…
Bank of England calls for greater transparency on CCP margin modelling
CCPs should have complete transparency on risk to prevent margin-related failures
Risk on the WGMR rules
The WGMR published its final rules on uncleared margin on September 2. Nick Sawyer and Matt Cameron discuss the implications
Asia Broker of the Year: BNP Paribas Commodity Futures
Strong links with trade finance group mean brokerage clients have access to impressive variety of services
Politically motivated reform creates new risk
Many of the proposed reforms in derivatives market regulation were driven by politics rather than economics. This could lead to an additional source of systemic risk and less effective risk management among end-users, argues David Rowe
CCP regulation needs to be regional, not national: SGX
SGX head of clearing risk urges greater cooperation among region's regulators
WGMR exemption for FX swaps and forwards expected imminently
Final rules on margin requirements for non-centrally cleared derivatives are expected within weeks, including a long-awaited exemption for forex swaps and forwards
Upfront on clearing
Sponsored forum: OTC derivatives clearing