Hear from Kay Swinburne MEP, Dr. Hossein Kakavand, CEO, Luther Systems, Bart Chilton from DLA Piper (ex-CFTC Commissioner) and more. Topics include bitcoin versus blockchain, tax implications, the law and financial markets, digital currency guidelines, and applications beyond financial services.
Our video library is building up, we just added four more today from the TFE/OTCS breakfast briefing we ran on April 7th. The library currently contains:
A collection of videos from the April 7th breakfast briefing, explaining the latest service offerings in Collateral Management, the approach to preparing for the bilateral margin rules, and updates from NetOTC, CloudMargin, Clearstream and TriOptima.
After a long and arduous road to the final EMIR Interest Rate Swap (IRS) Regulatory Technical Standards (RTS), the dates are set and front-loading requirements remain.
The PDF (downloadable) edition of Rocket is now available, including articles on ISDA Protocols, The Future of Trading, Indirect Clearing, Front and Back Loading, Anti-Abuse Legislation, MIFID Open Access, Portfolio Compression, The ISDA SIMM (Initial Margin) Model, Systems Transformation, Data Harmonisation for Trade Reporting, The Regulatory Reporting Mountain, Diversity in Banking, and a really useful piece from our Russian correspondant on Blockchain.
Posted by Vikas Agarwal, Georgia State University, on Wednesday, April 27, 2016
Interest rate markets have changed substantially since the financial crisis, both visibly and also less obviously in their market structure. These differences challenge asset management firms attempting to operate on behalf of their clients, especially in liability-driven investing (LDI), where the rules and market are continuing to change around them.
At the recent DerivOps conference Lloyd Altman gave a speech demonstrating why global regulators are continuing to focus on the quality of data being provided, and how they are changing regulations to fix some of the problems that have occurred.
I took a bit of heat for my recent report citing the first cleared swaption that did not show up on the public SDR.
Find out where you stand versus your peers by completing this survey on preparations for the bilateral margin rules.
Two way margin calls are the bread and butter of collateral management, but there are alternatives emerging. Read on and find out new ideas driven by the margin regulations.
Undertanding the drivers for your Initial Margin, both up and down, is a skill firms should master. Your competitors will use that knowledge to lower costs and make profits by reducing and switching exposure within and across CCPs.
Finally, the EU Commission has published the delegated regulation on organizational requirements, including thresholds for systematic internalisation (SI), inter alia.
Following the Financial Crisis the Financial Stability Board (“FSB”) of the G20 nations at its Pittsburgh Summit in 2009 determined that one key component of its response was to force certain standardised Over the Counter (“OTC”) derivatives into Central Counter Parties (“CCP’s”) or “clearing”.
Posted by Barnabas Reynolds, Shearman & Sterling LLP, on Saturday, April 23, 2016
Understanding your portfolio and cleared margin requirements is a key success factor for many firms. Watch our expert panel as they explain why this matters, what you can achieve and hear how tools from OpenGamma open up the possibilities to manage costs in this video series. Topics covered include replicating CCP IM calculations, why a trader or CVA desk needs these tools, how to rebalance exposure across CCPs, reducing costs, and cross-product margining, amongst others. Speakers from Commerzbank, Derivati Consulting, OpenGamma and Eurex Clearing.
With 2016 being the year in which the market embraces and implements EMIR OTC Clearing, buy side firms are looking to complete their projects and start analyzing how to allocate their portfolios to cope with increased capital costs, higher margin requirements and the collateral squeeze.
Two new white papers from The Field Effect, Margining Paper 1- Understanding Regulatory Hurdles & Industry Solutions & Margining Paper 2 – The New Operating Model.