The 2008 financial crisis revealed many weaknesses in the global risk management and regulatory environment. From a market risk perspective the regulators’ first attempt at remedying some of the perceived deficiencies was the “Basel 2.5” rules (formally the “Revisions to the Basel II market risk framework”), issued by the Basel Committee on Banking Supervision (BCBS) in 2009.
Eurex Clearing offers a new incentive programme "Expand Liquidity" which grants fee incentives to all Clearing Members and Registered Customers for their OTC Interest Rate Swap business.
When I first delved into EMIR back in 2012, the importance of ‘equivalence’ didn’t even cross my mind, least of all how the global bit of all this OTC swap reform was going to play out. Given the complexity of what had just landed in your lap, why would it?!
Miranda Brawn (banker, barrister, business and diversity leader) has been elected a Fellow of the Royal Society for the encouragement of Arts, Manufactures and Commerce (RSA). It is more commonly known as the Royal Society of Arts or RSA. This is in recognition of her outstanding contribution to community work and diversity in the UK.
Bilateral margin requirements promise to change significantly the operations of firms within the uncleared derivatives market. There is no doubt that the future state will be dramatically different to the current market, but how urgent is the problem given the date postponement?
London, 11 January 2016 - Message Automation (MA), the leader in Post Trade Control solutions for derivatives, is pleased to announce that Banque Cantonale Vaudoise (BCV), one of the largest regional banks in Switzerland, is the latest firm to select MA to support their trade reporting requirements.
BGC Partners and Capitalabs announced they removed €800 billion notional in th
This exclusive one-day educational summit will bring together regulators, risk & compliance executives, clearing brokers and exchanges as well as related industry professionals to explore the latest challenges and developments around Clearing Models, CCP Risk Management, CVA Trading, Enterprise Collateral Management and Fundamental Review of Trading Book.
Miranda Brawn makes pledge to help the next generation of BAME’s in the UK become future leaders in Business to help increase race diversity & equality
aka How to solve the CFTC budget crisis.
Central clearing and bilateral margining for OTC derivatives have a significant impact on both valuation and risk management. With the mandatory clearing deadlines now less than a year away, this training course is for practitioners keen to understand more about the quantitative impact of these changes, with a particular focus on Interest Rate products.
With the mandatory OTC Clearing timetable now finalised for Europe by ESMA, focus will now feature on the efficiencies of each CCP IRS offering and CCP IRS Switches will undoubtedly increase as Banks seek to minimise capital and funding costs via reduced initial margin requirements, default fund contributions and capital regulatory requirements.
The shifting capital, regulatory and industry landscape has created some unexpected consequences for CCPs. In LCH.Clearnet’s latest white paper, they examine the impact of these challenges on institutions in this new market paradigm.
In order to provide our Members and clients with most effective tools to estimate margin requirements, to execute portfolio optimizations or to decide on a clearing venue in general, we partnered with OpenGamma to create a new on-premise margin calculation solution.
Currency Swaps settlement can involve very large payments leading to settlement risk - an innovation from Markit and CLS aims to eliminate aspects of this.
News from the Polish CCP KDPW
Since May Comder in Chile went live and has cleared $44bn of FX NDFs, giving South American businesses a new reduced risk way of transacting business.
As a result of the turbulences caused by the global financial crisis, regulators worldwide increasingly focus on derivatives markets. Given the enormous risks posed by the unregulated off-exchange (“over the counter”/ OTC) market, there is a growing recognition that greater transparency in exchange trading significantly contributes to the future stability of the international financial markets.
This article looks into some of the tasks performed in risk and in finance related to collateral and risk management that may be delivered by one team or the other. Diana proposes a principle to define the border line and to identify the personalities that may enjoy being in one team or the other.
For people with very large data sets who need to use VLOOKUP, this trick could transform the time it takes you to recalculate the spreadsheet
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