June 2015

'Articles' LCH Makes Gains vs CME in USD IRS (8-12 Jun 2015) 16 June 2015 | ClarusFT Feed

Following my blog on CME and LCH: What Happened on May 19 and Jun 12, I wanted to re-visit the data now that we have another week of published volumes.   Weekly Volumes Using CCPView lets look at weekly volumes of gross notional…

'News' The Global Fix for OTC Trade Reporting 16 June 2015 | Bill Hodgson

In an announcement from ISDA, a wide range of trade associations have put forward a framework of principles to guide the development of a better approach to trade reporting. In summary these are:

'Articles' EMIR margin rule changes not marginal 11 June 2015 | DRS LLP Feed

The EBA/ESAs have launched a second consultation on the draft RTS on rules for uncleared margin under EMIR. The consultation contains a number of material changes as a consequence of industry feedback from its April 2014 predecessor.

'Articles' Strategies for securities finance businesses: A Sungard Whitepaper 11 June 2015 | Tom Dibble

The securities finance industry is currently digesting the heavy meal that has been Basel III, CRD-IV, Dodd-Frank and related regional regulatory initiatives impacting the global market.

'News' EMIR : Latest news on IRS Clearing Obligation 11 June 2015 | Benjamin Baron

Dear All,

'News' ESAs consult on margin requirements for non-ce‎ntrally cleared derivatives 10 June 2015 | ESMA Feed

The European Supervisory Authorities (ESAs) launched today a second consultation on draft Regulatory Technical Standards (RTS) outlining the framework of the European Market Infrastructure Regulation (EMIR).

'Articles' Bourses turn to Asia amid rules deadlock 10 June 2015 | Financial Times | Clearing and Settlement Feed

Derivatives markets eye international expansion from China as dispute holds up US and Europe

'Articles' EU revisions to uncleared margin rules address industry fears 10 June 2015 | Risk Magazine Feed

European commission

'News' FIA review of regulatory reform in Europe 10 June 2015 | Energy Trading Regulation Feed

The Futures Industry Association(FIA) have just published this review of regulatory reform in Europe, covering rule sets such as EMIR, MiFID and others.

'Articles' Asymmetry of CSAs Causes FVA Costs 09 June 2015 | Ben Larah

There has been some confusion recently over Funding Value Adjustment (FVA). On April 29th, Risk Magazine reported that dealers were charging clients for FVA on collateralised trades, due to the quality and fungibility of collateral being posted by the client. To appreciate why this is happening, one needs to understand dealers’ funding operations when making derivatives markets.

'News' Keynote speech at IDX 2015 09 June 2015 | ESMA Feed

Verena made the speech below at IDX yesterday, and took a tough line on the difference of opinion between the US and Europe of ETD margin rules being 1 day gross or two day net IM. See the transcript for her comments.

'Articles' Nomura, JP Morgan and BNPP lose clearing execs 08 June 2015 | Risk Magazine Feed


'Articles' Germany’s debt office set for derivatives clearing 04 June 2015 | Financial Times | Clearing and Settlement Feed

Interest rate swaps help manage bond portfolio

'Events' 2015 Annual ISLA Conference 04 June 2015 | Samantha Hodgson

The international Securities Lending Association, together with the Conference Advisory Group and this year's conference Co-Chairs Mark Whipple from Goldman Sachs and Philip Morgan from Nomura International have published the conference agenda for the 24th Annual Securities Finance and Collateral Management Conference.

'Articles' Q&A with Rohit Bisht, Owner of Roots at N1 restaurant 01 June 2015 | Penny Davenport Feed

Was owning your own restaurant always your dream or have your goals shifted over time?

'Articles' Project Colin: why Goldman-led margin hub fell apart 01 June 2015 | Risk Magazine Feed