In the body of a letter from ESMA to the European Commission, the final paragraph makes clear that in the event that the request for a one year delay is indeed rejected, a further Q&A will be published that will be "without consultation" and "
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The SEF Volume figures for Week 6 are now in. In this weeks piece, we also look at whether:
An interesting story with two halves on an EMIR segregation model from ICE:
SEF MAT Submissions: Reality Check
In his post The CFTC Killed SEF Trading (for now) Kevin McPartland observes a
Palgrave have extended their generous discount offer to three more titles below in addition to the recent Clearing book by David.
Perhaps a market consensus is starting to form on which products should be mandated on SEFs?
Following on from our Week 4 Update, we have now published figures for Week 5. A few noteworthy changes:
Clarus Financial Technology today announced the release of its CHARM product, for pre-execution or pre-clearing acceptance checks of Interest Rate Derivative trades.
It is clear CFTC does not yet have meaningful systemic risk information from the end of day / historic SDR reporting which has been live for several months. As well as tackling a very large big data project which is unfunded, CFTC needs to change the reporting rules so that reporting obligations are better split across various service providers to drive much more efficient data collection, transformation and aggregation.
Keeping track of your career, and where you're going professionally is something that needs an objective point of view. Whilst training programmes can deliver specific skills - how do you plan a long term path for the next five or ten years?
It was announced today that a temporary network of bilateral liquidity swap lines between six central banks will be made into a standing arrangement "until further notice".
I came across an interesting post with the chart below setting out one view of the primary times the three browsing platforms are used. The point seems to be that:
Risk.net conducted a poll of clearing members, a big majority of whom think CCP membership will become uneconomical under newest proposed risk-based and leverage ratio capitalization of CCP related portfolios.