My Monthly Swaps Data Review for Risk Magazine was published this week.
An exploration of the potential modifications the OCC will make to the Volker Rule to reduce the burden on banks whilst still serving its original purpose. Actions may include:
When asking most traders this question, the common assumption is ‘a large increase in margin.’
We all know using notionals to measure the size of the OTC market leads to crazy headlines, so the CFTC has a cunning plan for that
New year, New Regulations, New Challenges
This is a follow up to the announcement about going live with a link to Shanghai here, and explains more widely what R5FX are trying to achieve.
The EMIR Review will bring further regulatory changes which we will help you anticipate. GDPR affects every person and company inside and many outside the EU, including trading systems, your personal address book, and the way you hand out business cards.
In the competitive world of business consulting, we have long been advocates for the 'collaborate and compete' philosophy.
Mandated clearing means your OTC portfolio is bifurcated and brings new clearing costs. In this webinar we will explain the drivers and options for measuring and managing clearing costs from many angles. Any one of the ideas presented could make a material difference to your profitability.
Using R5-SHCH Connect domestic banks in China now have access to the London FX market, recognised as the leading centre for global FX trading.
Reading Philip Stafford’s recent article in the Financial Times, Deutsche Borse makes ground in UK derivatives push, I was struck by the paragraph: Seven times! Impressive, indeed.
The transition from interbank offered rates, or IBORs, to new alternative risk-free rates (RFRs) has been likened to the move to a single currency in Europe.
The International Swaps and Derivatives Association, Inc. (ISDA), the Association of Financial Markets in Europe (AFME), International Capital Market Association (ICMA) and the Securities Industry and Financial Markets Association (SIFMA) and its asset management group (SIFMA AMG) have today launched a roadmap that highlights key challenges involved in transitioning financial market contracts and practices from interbank offered rates, or ‘IBORs’, to alternative risk-free rates (RFRs).
We’re now a full month into 2018. For a long time, we’ve been saying that MiFID is coming.
SFTR was published in the Official Journal back in 2015 and we’ve already gone live with the Article 15 ‘transparency of reuse’ requirements in 2016, as well as the Article 13 and 14 ‘transparency requirements’ for collective investment undertakings in 2017.
If an organization seeks to perform at world-class levels, it needs to have highly effective processes and practices for managing what might happen – risk.
Trading middle offices are not a new phenomenon, they have been in existence for a number of years.
The standard response I get to CSDR is the “yeah so what, we’re not a CSD”. Brilliant. That’s a bit like saying that you’re out of scope of EMIR because you’re not a CCP and so what is CSDR all about?
12 January 2018
BY Stuart McClymont