Following on from yesterdays article, I wanted to provide an update on Day 3, June 12.
Category II firms were required to clear Interest Rate Swaps from June 10th, as this deadline impacted a lot more firms than the prior March 11th deadline, I decided to look at what the DTCC SDR data shows, and whether the expected switch from Un-
A breaking story is the potential nomination for Gary Genslers replacement as Chair of the CFTC.
The 2013 Standard Credit Support Annex (SCSA) is now published following the ISDA Collateral Steering Committee's efforts for its development upon the request of the ISDA Board of Directors.
I think there's many will be disappointed this case didn't go further, it would have been illustrative to see whether BBG's lawyers could make an argument stick on how IM requirements are specified by regulators.
TriOptima announced that it will support data verification and portfolio reconciliation of DTCC's trade repository data as requested by triResolve clients' for their OTC derivatives portfolios.
Following on from the "Beat the Experts" thread, John Philpott posed some excellent questions on the diff
As we have just enhanced our SDR View tool to show Credit trades from DTCC DDR, I thought I would look into the CDS Index trading activity and how it had been impacte
In the webinar below the guys from DTCC clarify that a 'working day' at ESMA means a day on which none of the member states are on a public holiday - or conversely if any member state has a public holiday, ESMA doesn't count that as "working".
A new Sapient Global Markets study analyses the costs of clearing due to mandatory central-clearing through CCPs.
Useful roundup of the various legal 'protocol's being used to sort out compliance with the new regs. Update on ISDA Protocols | Dodd-Frank and the Law.
US DFA CFTC Addressing Overlaps Between EMIR and CFTC Derivatives Regulation, white paper via AIMA below. AIMA - Document Summary.
If you're on the buy-side the survey below from Risk Magazine gives some interesting insights into why firms choose a particular Clearing Broker or FCM, and who's leading the race to scoop up Client Clearing business.
JW explains why there is plenty of room for innovation between Listed and OTC markets in the new regulatory environment.
via John Wilson on Vimeo.
One of the major projects currently going on for all industry participants is Trade Reporting following EMIR mandate.
LCH SwapClear have implemented a change in their Initial Margin methodology and this article will discuss three elements that constitute the change: