A 'clean room' rebuild of the pricing for a CDS, which uncovers errors in reference code. If you're into maths, this is the paper for you.
If you want to know the volumes of trades at SEFs following the official start of SEF trading this week, Kevin has assembled the stats and the links.
The funny thing about this regulation is that we all strive to comply with it while its timelines and standards are still evolving.
Does anyone remember Lehman? The market scenarios from Autumn 2008 built into many CCP IM models will now begin to drop out, reducing IM requirements for some products.
As yesterday was the first day for Swap Execution Facilities (SEF) trading, I decided to look at what the data in a Swap Data Repository (SDR) can tell us about what happened on Day 1.
Following my post last we
Mentioned already in some places on-line (including my twitter feed) but here's the details:
As two months have passed since my article USD IRSwap Client Clearing, CME or LCH?,
WE'RE NEARLY THERE
As hinted at yesterday, it appears that the only option available to delay ETD reporting is for ESMA not to approve any TR until the many data format and structural issues are resolved.
Overheard at a conference, a comment by Patrick Pearson: "there will be no delay to ETD reporting". Can anyone else confirm this? Bill
The apparently fast start (Monday) of the Fed's FARP - coming just after the unexpected announcement not to taper - has caused some to speculate this is an alternative to the taper. But is it?
On Sep 11, we went public with SDRFix and s
Customers of Abide and REGIS can now achieve compliance with both EMIR and MiFID as the two firms have announced a link-up.
In this issue, industry experts opinions are expressed in many of the most important issues that face global Financial Services Firms today. Topics covered include:
As EMIR moves forward to its next milestones, central clearing, one of its major pillars (if not the core of EMIR) , is the next big challenge for all of us, assuming that trade reporting is already analysed and now in a testing phase.
With the departure of Ian Axe, Michael Davie has become CEO of LCH Ltd, with Jacques Again, Chairman of LCH Group, becoming Interim Executive Chairman of LCH Group, bridging Ltd and SA in Paris.
One of the major differences between EMIR and DFA is that under EMIR, both counterparties have the responsiblity to report using a single UTI.
Previously SEFs and market participants assumed the SEF mandate would come in in a somewhat manageable fashion for a subset of clearing mandated products ("required transactions") with obligations only really biting for C2D trading late Q4 / early