European CCPs have recently started to publish lots of quantitative data covering their Default Fund, Initial Margin, Collateral, Credit Risk, Liquidity Risk and other Financial Disclosures.
The disclosure of the leverage ratio in Basel III has put pressure on banks to improve their capital levels. In April 2015 Commerzbank announced raising €1.5 billion in capital to improve its leverage ratio to 3.9%. Deutsche Bank’s Co-CEO Anshu Jain said that that the bank’s single most important strategy was to increase the leverage ratio from 3.4% to 5%. This article explains how compressions can also help banks to increase the leverage ratio while reducing their operational and credit risk.
TradeTech has been helping the most senior equity trading professionals from across the full value chain solve their biggest challenges for 15 years through interactive discussion and solution sharing. OTC Space registered readers can make use of a 15% discount on registration using the code in this announcement.
It is now two years since EMIR reporting started, on 12th February 2014.From that day, derivatives trades and life-cycle events had to be reported to an authorised Trade Repository (TR), within T+1.
A common approach to the rules governing central counterparties
Many firms are restructuring their fixed income businesses in order to compete in the new world of swaps. New regulations have made the industry more competitive, one where clients are no longer beholden to their large dealers; one where clients
Collateral optimization is a buzzword used to describe a variety of techniques that aim to reduce the cost of collateral supporting trading activity. This is important for all sell-side and buy-side market participants given the various regulatory changes that increase the amount of collateral required to support trading activity, the increasing number of collateral movements to be processed and the additional strain on liquidity from regulatory capital changes. The goals of collateral optimization differ by firm, geography and sector but at their core, translate into a number of common problems.
After months of rumour and speculation, The European Commission has today finally spoken out on the delay of MiFID II. The Commission has announced a 1-year extension to the implementation, making the new deadline 3 January 2018.
Whether you’re getting ready for a ski trip, or hoping to see the green shoots of Spring soon, a little time away from your desk could be just what you need to inject some life into your career.
Modern banks operate booking processes and structures that are staggeringly complicated and often antiquated. Some banks even use systems that use imperial pounds and shillings, which seems odd given many staff would not have been alive when they were in use.
This video explains “Realised” and “Unrealised” profits and losses, key concepts in derivatives trading. Furthermore, this equation drives portfolio compressions.
New answers from ESMA on:
For senior-level executives throughout the futures, options and cleared swaps industry, FIA’s International Futures Industry Conference (Boca) is the must-attend event of the spring.
If you’re looking to sell to European traders or global Exchanges, The Trading Show 2016 will offer you the perfect opportunity to meet, network and do business in a fun and inspiring environment. As a registered OTC Space reader, you can book this event using a 10% off discount code, available at the bottom of the announcement.
TSAM brings together senior decsion-makers and analysts alike, from a broad blend of large asset managers and smaller investment boutiques. Hundreds of your peers from across the buy-side landscape gather at TSAM annually for the most comprehensive summit in Europe. As a registered OTC Space reader, you can book this event using a 20% off discount code, available at the bottom of the announcement.
The final Regulatory Technical Standards (RTS) for large parts of MiFID II/MiFID were published shortly before the writing of this article. These rules will have an impact on many Investment Companies and other financial institutions, and will have a significant impact on their business models as well as day to day operations.