Over-the-counter (OTC) derivatives
Capital increase
Exposures to counterparty credit risk have been scrutinised by the Basel Committee on Banking Supervision, which published proposals designed to increase capital requirements in the middle of December. The measures will be completed and implemented by…
Gensler calls for tighter regulation of dealers
Commodity Futures Trading Commission (CFTC) chairman Gary Gensler refused to detail a timetable for imposing position limits on energy traders today, but called for tighter regulation of dealers in over-the-counter derivatives.
Derivatives onshoring
New rules coming into force in many jurisdictions in Asia are challenging the ability of global financial institutions to operate a hub-and-spoke business model for their derivatives businesses.
Out of wedlock
Western dealers and their Chinese counterparts have fundamentally different views on how the use of collateral agreements should underpin repurchase agreements and financial derivatives transactions. This culture clash is causing acute problems for China…
Unwrapping Russian structures
Since the 1998 stock market crash, Russia’s financial sector has evolved to play host to a derivatives industry sophisticated enough to support the development of retail structured products. As well as introducing offshore products to the local market,…
Jockeying for position
A slew of market participants are hoping regulatory scrutiny of the derivatives industry will enable them to gain new footholds in the derivatives clearing and settlement value chain. Georgina Lee reports
Derivatives users fear cost burden of reforms
Greater clearing of over-the-counter derivatives prompts concerns that corporates will ultimately bear the cost
Chinese banks demand parent guarantees from western derivatives counterparts
Onshore swaps and forex derivatives markets grind to a standstill as foreign banks refuse to sign Nafmii agreement
Cesr urges mandatory transaction reporting for OTC derivatives
The Committee of European Securities Regulators (Cesr) says it supports European Commission (EC) plans to make transaction reporting of over-the-counter derivatives mandatory.