Collateral
Dealers face funding time-bomb from one-way CSAs
Five banks disclose $30 billion obligation from one-way collateral agreements - and dealers warn costs could soar as interest rates rise
One-way CSAs pile up funding risk for banks
A call for collateral
Sponsored statement: Bank of New York Mellon
Regulatory reform – The shape of things to come
Planning for bankruptcy of a major counterparty
Backup plan
Top 10 articles on Risk.net in 2010
A quick overview of the top ten articles across the whole of Risk.net in 2010 provides a roadmap of the year's main themes
HKEx moves to introduce margins for cash clearing members
HKEx plans to beef up its risk management following the bankruptcy of Lehman Brothers in September 2008 by introducing margin rules and seeking more funds from cash clearing members. The move would bring cash clearing more in line with existing…
Interest rate derivatives house of the year: Barclays Capital
Risk awards 2011
Risk Italia Rankings 2010
A twist in the tail
Continuing to rebuild
Degrees of influence
CFTC heeds buy-side demands for increased margin protection
The price you pay
CFTC commisioners express misgivings over Dodd-Frank rule-making
Senior regulators reveal "concern" over segregation of margin and swap data repositories
Market endorses 'elegant' CFTC proposal on margin
Legally segregated/operationally commingled approach to margin segregation attracts praise from buy- and sell-side.
Lehman opts to settle over Dante flip-clause transactions
Trustees relieved as settlement looks imminent
Concern over scarcity of high-quality assets forces CCPs to broaden eligible collateral
Ice Clear Europe accepts gold for margin, while LCH.Clearnet is also working on extending eligible collateral
Insurers, not banks, driving liquidity trade
Insurance sector's hunger for high yields, rather than banks' thirst for short-term funding, driving liquidity trade
Dealer concern over proposed change to client margin segregation
Ice Trust estimates it might have to increase initial margin by 63% to cover risk.
A liquid market – banks tap insurers' liquidity reserves
A liquid market
Pension funds worried about CCP margin
Margin hunters
Funding needs drive banks to “borrow” liquidity from insurers and pension funds
Insurers and pension funds offer banks a lower-cost solution to their funding issues
Cash variation margin requirements worry pension funds
Having to post cash as variation margin to central counterparties (CCPs) will cause substantial yield losses for pension funds that conduct liability-driven investment (LDI) strategies, according to fund managers.
Risk South Africa Rankings 2010
Neck and neck
Transparency needed over securities lending in ETFs
iShares says it is looking at how it can improve transparency around securities lending
Banks gear up for client clearing
A clear choice