G30 proposal comes just weeks after PTFs requested improvements to Ficc sponsored clearing
Total initial margin held by the OCC's default fund stood at $114.4 billion in Q1
Maverick clearing house boss dismisses the need for anti-procyclicality tools imposed by regulators
This paper revisits the procyclicality issue in risk-based margin models and provides additional insight on procyclicality mitigation techniques.
Worst-case losses would have wiped out the CCP’s available liquid resources on one day in Q1
The call was for a participant in the CCP’s clearing services that cover IRS, CDS and exchange-traded financial products
In total, the DTCC division reported 96 margin breaches at end-March 2021
FCMs, including Goldman and JP, stump up $44 million to fund FIA Tech push to standardise trade processing
Michael Hollingsworth, head of financial risk analytics in the Data and Access Solutions division at Cboe Global Markets, reveals how trading firms are calculating margin in real time to manage pre- and post-trade risk and end-of-day clearing-house…
Merc issues white paper touting strong portfolio-level coverage during pandemic, rebuffs calls for higher MPOR
Sonia and €STR will be mandated for clearing, while Tonar must wait until liquidity settles
This paper analyzes, from a legal perspective, the new framework, the roles and responsibilities of the European Central Bank, ESMA and the European Commission, and the possible outcomes for UK CCPs once Brexit is complete.
A volatile 2020 pushed more single- and multi-name contracts to central counterparties
All eyes turn to EU’s review of listed derivatives clearing, after battle is lost in UK
IRS service experienced the largest breach last year
Forcing swaps clearing to Frankfurt would play into hands of US rivals, say European dealers
LCH data shows trades with at least one EU counterparty make up a quarter of volumes, but German CCP claims EU firms run more risk
Required IM at Ice Clear US increased 42% year on year
The authors present the findings of a detailed descriptive analysis of client clearing activity for derivatives in the euro area, as well as that of clearing members more broadly.
As whipsawing markets see contributions balloon, CCP will now base charges on stress loss method
Sparse liquidity in Tonar swaps may put premium on swaption pricing, dealers warn
Central bank official says EC likely to stick to June 2022 deadline
Long-dated Sonia swaps set to lose clearing exemption as liquidity shifts from Libor
Industry confronts competing models and hard questions in search of better allocations workflow