Focus
August 2016
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SEC Amendments to Regulation SBSR
25 August 2016 |
Posted by Annette L. Nazareth, Davis Polk & Wardwell LLP, on Thursday, August 25, 2016
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INDUSTRY ASSETS REACH RECORD HIGH AS OUTFLOWS SLOW
25 August 2016 |
A wealth of statstics from the IMA about the ups and downs of sales and withdrawals from funds as of July 2016. Follow the link below for the full story.
'Articles'
Featured Article
ISDA WGMR documentation exercise for VM and IM
25 August 2016 | Peter Ten-Broeke
As the margin requirements for non-centrally cleared OTC derivatives are close to being rolled out under a globally aligned timetable, the market is currently in a frenzy to be compliant in time. A documentation process is part of this preparation and this article provides an overview of all the ISDA WGMR documentary initiatives which have been up and running for a while and are now approaching completion.
'News'
ESMA Complete Regulations Catalogue and Dates
24 August 2016 |
This one came in with an unassuming title, but contains an entire list of regulations from ESMA with all the relevant dates on drafting and approval. Click the link below to get the PDF,
Bill
'Articles'
Featured Article
The Revised Timeline for Bilateral Margin Regulations
23 August 2016 | Bill Hodgson
A consolidated view of the regulatory timelines for uncleared margin regulations
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The ISDA 2016 Variation Margin Protocol – A Step Too Far?
22 August 2016 |
Introduction On 16 August 2016, ISDA published the “2016 Variation Margin Protocol” (the “VM Protocol”), designed to assist counterparties in amending CSA documentation so as to comply with Working Group on Margin Requirements (WGMR) rules as impl
'Articles'
On Net, This Paper Doesn’t Tell Us Much About What We Need to Know About the Effects of Clearing
20 August 2016 |
A recent Office of Financial Research paper by Samim Ghamami and Paul Glasserman asks “Does OTC Derivatives Reform Incentivize Central Clearing?” Their answer is, probably not.
'News'
Featured News
FIS Video: The Economics of Collateral and Making a Profit (Parts 1 to 3)
19 August 2016 | Ted Allen
In this video of the webinar, originally broadcast on the 28th of June, our panel discusses the latest research into the effects of mandatory clearing and bilateral margining on your collateral management activity. This item is the full length composite version with all three parts.
'News'
18Aug/Harmonisation of the Unique Product Identifier (UPI) - second consultative report issued by CPMI-IOSCO
18 August 2016 |
The BIS are trying to invent a taxonomy to uniquely name OTC products, not a trivial undertaking, as the unqiueness is itself driven by the attributes of the product.
'Articles'
Featured Article
CCP Notionals Scoresheet
17 August 2016 | Amir Khwaja
The latest CCP notional showing increases, decreases and new CCPs globally. New to this snapshot is ICE Futures in Europe and the US. The effects of trade compression in the OTC market can be seen along with competitive changes to some CCPs.
'News'
Featured News
Navigating the MiFID Maze | A Free Webinar with George Bollenbacher
12 August 2016 | George Bollenbacher
Venues, dealers, brokers, asset managers and clearing houses – are facing a regulatory crossword puzzle, with some significant penalties for getting any of the words wrong. Many of the challenges start with the applicability of the rules. There are actually three parameters which govern that applicability. The first is the regulatory venue of the investment firm or firms. Second is the regulatory venue and status of any customer for the services. And finally there is the regulatory venue of the instrument(s) involved. When we start combining those parameters, we get a dizzying array of possibilities.
'News'
Featured News
Get Your Copy of The Rocket 7 PDF Here
12 August 2016 | Bill Hodgson
Where else can you get such useful insight into the OTC markets for free? Articles in Rocket 7 cover MiFID II Data Quality, Staying Ahead of Reporting Regulations, Concerns about Meeting the Bilateral Margin Regulations Deadlines, The Role of your OMS, Automated Documentation Tools, The ISDA Working Group on Uncleared Margin Regulations, All-to-All Trading, and more.
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Featured Article
Rocket 7 Downloadable PDF Edition Available to Registered Readers
10 August 2016 | Samantha Hodgson
The PDF (downloadable) edition of Rocket 7 is now available. If you're a registered reader, you can download it here for free.
'News'
4th OTC Derivatives Summit North America - September 15 - 16, Park Hyatt, Washington DC
10 August 2016 | Bill Hodgson
'Articles'
Featured Article
Barclays’ Latest Fine Highlights Growing Control Problem in the Industry
08 August 2016 | Christian Nentwich PhD
Recently the CFTC fined Barclays $800k for supervision failures related to clearing and exchange fee processing.
'Articles'
Featured Article
FIS Video: The Economics of Collateral and Making a Profit - Part 3 of 3
07 August 2016 | Ted Allen
In this video our panel discusses the latest research into the effects of mandatory clearing and bilateral margining on your collateral management activity. Part 3 covers Future building blocks, Poll 4 - What is the state of collateral optimisation at your firm?, The Collateral value chain, The Asset shortfall.
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Chaos to Clarity - The CFTC STP 10 Minute Rule
04 August 2016 | Kiran Anand
In keeping with my passion and theme of 'Chaos to Clarity', I want to decode CFTC's Straight Through Processing (STP) 10 minutes rule which has gone into effect on August 1, 2016.
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Featured Article
Riskfocus Video Series: Trade and Transaction Reporting: What good can come of it?
02 August 2016 | Lloyd Altman
At a recent webinar hosted by Riskfocus we discussed trade reporting. There is no end of research extoling the grim realities or lamenting the high costs and negative impacts of Trade and Transaction Reporting, unfortunately, it’s not going away. We thought it was time to explore the positive perspective. In this enhanced recording of a live event on June 30th we asked four firms with varying stakes in the Trade and Transaction Reporting domain to discuss the perceived, achieved and potential positives to be gained from this unavoidable obligation. Watch the recording of the event with added video, audio and slides to understand the positive opportunities that come directly or indirectly from trade reporting.
'Articles'
Featured Article
FIS Video: The Economics of Collateral and Making a Profit - Part 2 of 3
02 August 2016 | Ted Allen
In this video our panel discusses the latest research into the effects of mandatory clearing and bilateral margining on your collateral management activity. Part 2 covers Preparations for the Uncleared Margin rules at Commerzbank, Poll 2 - What is Your biggest problem preparing for the uncleared margin rules?, Trends in Collateral Management, The economics of collateral, Centralising Collateral Management and Poll 3 - Does your firm have a program to centralise collateral management?