Reacting to re-regulation will take "until close to the end of this decade", says Barclays CEO Antony Jenkins at Davos as quoted in this article from the FT(subscription required).
ASX announced support for its OTC clearing service from leading dealers, the news release is here. Banks include:
Cleared notionals at HKEx have reached a little over USD 50m, given the previous story on Shanghai Clearing it is interesting to see the
Clearing for RMB IRS has begun in China
2 x Senior Business Analysts [Contract] required in Hong Kong to build out a securities settlement system from scratch for global finance firm.
One of the deferred problems with the EMIR approach to Trade Reporting is post Feb 12th when ESMA requires all the TRs to attempt to match the submissions in a multi-lateral mashup. EMIR allows each party to a trade to report to their chosen TR, nice to have freedom of choice, but each TR has a difference technology platform and data specifications. For ESMA to re-assemble this broken mirror into something coherent, each TR must attempt to compare the same trade submission using LEI and UTI as a key, and provide matching results back to submitting parties.
Slightly off beat but really interesting, an article by Marc Andreesen (the man who invented web browsers) on the emerging phenomenon of digital currency: http://blog
Some time between now and the middle of next year a mandate to clear will come into force, but until then ESMA have been undertaking considerable consultation with market participants.
On December 10th, 2013, five US federal agencies adopted a final rule to implement the Volcker Rule. The effective date of the Volcker Rule is April 1st, 2014. However, the agencies have extended the compliance deadline until July 21st, 2015.
There is a lucrative opportunity to join a leading market infrastructure firm as Director of Product Management.
Philosophy and Course benefits
From DP: The Basel Committee recently finalized its revisions to the Basel III leverage ratio. Compared to its June 2013 proposal, the Basel Committee has made several important changes to the denominator of the Basel III leverage ratio.
For your convenience the OTC Space broadcasts to a number of other platforms including:
As expected, CFTC approved Javelin's MAT submission last Thursday Jan 17 and in effect booked a Feb 16 go live date.
One thing which is guaranteed to get me on my soap box is poor customer service.
Something few mortals achieve is being called a legend in their own lifetime, and in Clearing even less so.
The fixed income (FI) trading markets are evolving faster today than within living memory - according to panelists and speakers at Tabb's Annual conference Fixed Income 2014: Breaking Rates at the Times Center, Manhattan on Thursday January 16th. You can follow the tweets via #TABBfixed or read the Conference outline, agenda and speakers here.
There are just a couple more days to go before IMN & SFIG host their first annual ABS conference
This articles looks at Non-Deliverable FX Forwards data for USD/BRL, USD/INR, USD/CNY & USD/KRW currency pairs. It analyses trading volumes by On SEF vs Off SEF and Cleared vs UnCleared.