The European Securities and Markets Authority (ESMA) has published today an update of existing technical standards regarding data reporting requirements under the European Markets Infrastructure Regulation (EMIR).
Since 2008, regulatory changes to prevent another crisis from occurring have been incrementally rolled out. The US is ahead of Europe with mandated clearing and electronic trade execution already in effect and with trade reporting a requirement in both jurisdictions. From September 2016, Europe will see the introduction of mandatory margining for non-cleared OTC derivatives. Only the largest dealers are in the first wave of firms impacted by the new requirements, but the scope broadens year on year out to 2019 to encompass a wide range of firms active in the OTC derivatives markets.
Message Automation is rocketing ahead on all fronts. In the lead up to ‘fireworks’ night in the UK last week we experienced a number of exciting and spectacular events of our own.
FCA: We invite views on the proposed guidance, which intends to clarify the requirements on firms when outsourcing to the ‘cloud’ and other third-party IT services.
On Monday 26 October 2015, Eurex launched a bond future on Spanish Government Bonds (Bonos y Obligaciones del Estado - BONOS) reflecting a delivery basket of 8.5 - 10.5 years remaining term to maturity Spanish government bonds giving the Buy Side and Sell Side alike an efficient and leveraged access to Spanish long term goverment bond market beta.
On the face of it, the mandatory reporting of derivatives transaction data has seen most progress of all the market reform commitments made by the Group of 20 nations in Pittsburgh in 2009.
Bill: What are your experiences of Sprints, Scrums and Agile methods? Is a hard problem in small pieces just as hard as the original problem?
With the MiFID II/MiFIR deadline now less than 14 months away, there is a great deal of work to do. This applies to all in the commodities industry, in particular those who lose their exemptions.
Even though it seems the clearing mandate is still so far away from implementation, many buy side firms are undertaking in-depth reviews of the specificities of Eurex Clearing’s segregation offerings. The continued delays within Europe have hindered clearing in general, however this has given buy side clients valuable time to really delve into the detail and here in this article, we hope to highlight some of those key considerations.
The European Securities and Markets Authority (ESMA) has opened today a public consultation on draft requirements regarding indirect cle
The European Securities and Markets Authority (ESMA) has published today an update of its list of central clearinghouses (CCPs) which are authorised under the Eur
FSB releases two reports that provide an update on the implementation of the G20 reforms to over-the-counter derivatives market.
Report attached below as a PDF.
The brand new OTC Space shop, where subscriptions to Rocket magazine can be purchased.
LONDON, 3 November 2015 – NetOTC, a provider of innovative risk solutions, today announced the launch of NetOTC Bilateral, the end-to-end bilateral market infrastructure for the margining of non-cleared OTC derivatives. The OTCS Space interview their new CEO Roger Liddell to find out more.
How does Shell maximise the potential of collateral through tri-party repos? Charlie Bedford-Forde explains.
SEFSwaps LLC has launched an application for interest rate swaps data with a unique offering of SEF specific transactional detail.
The partnerships between Clearstream and agent banks give mutual customers access to the full service suite of the Global Liquidity Hub while the agent banks remain the local custodians. The service is available for multiple markets and for both fixed income and equities.
Chuka Umunna MP gave a keynote speech as patron for Black Cultural Archives, the UK’s first national heritage centre dedicated to Black British history, on Wednesday 14 October at global legal firm Fasken Martineau LLP. Black Cultural Archives’ welcomed Chuka at the launch of their fundraising event, BCA in the City generously sponsored by Fasken.
Mental stressors are maybe less obvious but just as profound. We all know we like to be recognised and valued for who we are and the work we do. Unfortunately this doesn’t always happen in daily life.