The fifth progress report by the FSB is out, and shows a great deal of participation but a long way to go. The area of greatest activity is Trade Reporting, and in line with the recent IOSCO report have this warning:
What's the difference if you take interest risk wrapped in a bond, a swap or a a future? BBG starts the process of exploring the sense in the CFTC deciding what's liquid in a default, and therefore how long the IM holding period should be.
Post-trade vendor specialist Omgeo has announced the expansion of ProtoColl, its collateral and margin management product, to cater for regulatory measures.
The Bloomberg article here and the FT article
A letter from the above four trade associations spells out the consequences on imposing Initial Margin requirements on un-clearable OTC products. The letter was sent to the Chairman of the BIS Stefan Ingves, Mark Carney at BoC, William Dudley at t
"In Financial Reform, Keep It Simple Like Glass-Steagall". This title caught my eye as I was
OTC clearing processes are officially up and running since March 11th for the US category 1 firms, but at the same time operational risk fears build up as market participants strive to fine tune all parts of the clearing chain.
It's Friday so I had to post something for the weekend. In the ASX default rules for futures, below is page 118, one of the easier ones to read, I like it's simplicity and clarity of purpose.
Over at the BIS website is a new paper (here) from the CPSS / IOSCO committees on how they see access to data in Trade Repositories being handled, and mainly the purpose
Elisse Walter, Chairman of SEC, (profile here) spoke in Washington D.C, at the American Bar Association Spring Meeting and explained the reason why a middle ground shou
Dr Tina Hasenpusch of CME (profile here) was about to have her photo taken in Paris when three people got in the way.
Follow DEM's link to the FT analysis of emails regarding the "optimisation" of regulatory capital with the JPMC CIO and the 'whale' trades. Deus Ex Macchiato » Today’s detention.
For those that have met me in person you may have received one of my photo business cards, my next order is in progress, the new set are shown via the link below.
Top item here: http://www.fpml.org/samples/ccs.html
According to a survey contained in RBS Reserve Management Trends 2013, published on April 8th (£250 per copy), 19 out of 50 central banks are co
SwapClear have published their new fee schedule which remodels the service fees around amounts of trade activity. Above 30,000 trades per year will cost £2.25m, and levels beneath that provide smaller charges with a cap.
News in from Poland regarding the KDPW CCP for IRS: Current membership:
An analysis of trade activity data prior to and post the March 11th Dodd-Frank Act mandatory clearing deadline, published today on DerivSource.
Handy simple checklist for key milestones this year.