Clearing
FCA survey finds high levels of leverage in hedge fund sector
Gross notional exposure to interest rate and forex derivatives on the rise
New clearing casualty as BNPP's Dixon departs
French bank, JP Morgan and Nomura have all lost senior clearing execs in past month
Norwegian adoption of Emir to fix cross-border clash
EU banks will be required to clear Nkr swaps – Norwegian banks currently are not
CME-LCH basis affecting choice of venue, say buy-siders
Pimco: price gap is now “material”; Eaton Vance says lowest cost is key factor
Risk España Survey 2015: All quiet on the clearing front
Almost two-thirds of respondents say they are not clearing OTC swaps, up from 53% in 2014
Custody Risk Summer 2015
Opportunities in repo and stock lending for new players
Regulators to put CCP risks under microscope
CPMI-Iosco stress-testing quiz will be precursor for broader risk review
Nomura reviews viability of swaps clearing business
OTC clearing service in Europe and US may face the chop
US vs EU CCP scrap may be settled by margin study
Isda AGM: analysis aims to end wrangle over merits of 1-day and 2-day margin rules
EC calls for more time to vet foreign CCP oversight
Third extension "necessary and proportionate", says EC internal document
Ice considers moving Brent contract to avoid EU margin hike
Ice says move is “not an outcome we want to see” but Emir margin could drive users away
Equity swaps clearing plans divide industry
Moves by CCPs to clear equity swaps leave market deeply divided
CCPs urged to coordinate on default management
Regulators may need to provide a framework for CCP interaction
In-depth introduction: Clearing incentives
Price hikes at Goldman Sachs show how much pressure FCMs are under
Nouy: Europe should keep 3% leverage ratio
SSM chair also wants to end rule opt-outs that make banks "look stronger than they really are"
High KRX clearing fees driving won swaps offshore: Bank of Korea
Central bank says dealers are moving trades offshore to avoid KRX's high cost
China's clearing and reporting regimes being built bottom-up
But reported problems include disclosure of state secrets stopping US trading
Unclear incentives: do capital and margin rules support CCPs?
Regulators see incentives to use cleared swaps; critics claim analysis is flawed
EBA warns banks to correct pension fund CVA ‘mistake’
Clearing test has to be met for CVA safe harbour to apply, lawyers say
CCPs raise alarm on South African OTC reform
Push for CCPs to establish domestic presence riles LCH and CME
Pension funds sign hedge-only agreements with banks
Cardano and PGGM promise not to give banks speculative trades
Calypso Technology: No FCM, no problem
Ex-RBS clearing head maps out a world without FCMs
Metals traders shun clearing due to Emir, says LME chief
Emir segregated accounts pushing firms to trade OTC, says Jones
Banks blame regulation for FCA's clearing worries
UK regulator warns client clearing could become a “missing market” but defers study