Risk magazine/News
CME warns some fintechs ‘miss the point’ in clearing
IDX panellists see reduced operational role for CCPs that will instead act as trusted oracles
Tradeweb: US Treasuries clearing should be mandatory
Senior executive says move would help foster all-to-all trading in cash Treasuries
Interdealer brokers embrace buy side as bank dominance slips
Tradeweb considers integrating interdealer and client liquidity pools
Firms leaving the uncleared swaps market have nowhere to go
Buy side says cleared or listed products fail to meet their needs
NetOTC shelves swaps margining service
Start-up winding down after bilateral margining rules clashed with its exposure-pooling solution
Canada waits on US, EU to mandate CAD swaps clearing
Regulatory arbitrage fears stall clearing mandate for CAD swaps in Canada
Big four consultants help banks jump through CCAR hoops
US banks relying on small group of consulting firms to complete Fed's annual stress test
Futurisation facing headwinds as cleared swaps evolve
Panellists at FIA conference say cleared OTC market is holding off futures challenge
EU could go it alone on leverage ratio, says MEP
Swinburne says clearing should be shielded from ratio “if Basel does not deliver”
Basel liquidity ratios ‘destructive’ US Senate told
Fed's analysis of NSFR costs "dubious at best", says AEI scholar Paul Kupiec
Banks fear early rollout of EU margin rules for forex forwards
Industry calls on EC to clarify when foreign exchange forwards will be subject to variation margining
US banks fret over Fed's domestic internal TLAC concept
Lobbyists fear authorities have already reached a verdict on domestic internal TLAC
Mortgage investors grapple with negative swap spreads
Collapse of US swap rate creates problems for valuation models
EU regulators warn on US resolution rules
Questions on US TLAC bills for foreign subsidiaries and bankruptcy-based resolution
Economists question cost benefits of derivatives clearing
New research finds no compelling economic rationale for central clearing
People: Top quant Lipton leaves Bank of America after 10 years
Return to academia for derivatives pricing expert
New US tax rules could hamper ETN market, dealers warn
IRS’s forthcoming Section 871(m) rules could inadvertently capture legacy ETNs
Dealers commit to provide liquidity for Libor alternative
Transition will be gradual with bilateral swaps adopting new rate before CCPs
Capital buffers for CCPs ‘the way forward’, says CPMI chair
ECB board member Benoît Cœuré calls for minimum capital requirement and stress testing of CCPs
BoE's Sonia fixation complicates secured rate transition
Bank's continuation of Sonia could jeopardise shift to secured rate as Libor replacement
DTCC coaxing HFTs to become clearing members
US Treasuries CCP concerned about contagion risk threat to existing members
Euro regulators may look to cull internal credit risk models
Fewer models and higher capital requirements seen as likely outcomes of SSM review
Pressure grows for more opt-outs from Basel for smaller banks
Key MEP urges broader exemptions for regional banks as FRTB looms
Basel interest rate risk disclosures "problematic"
IRRBB could reveal commercially sensitive information and mislead analysts