LCH SwapClear have implemented a change in their Initial Margin methodology and this article will discuss three elements that constitute the change:
John Philpott commenting on the previous EMIR 5 month delay story points out:
SWP points out the worst of Dodd Frank (in his opinion), the Made Available to Trade rule (MAT). Have a read of his post, then think about some scenarios this could cause:
On the ESMA website a new timeline popped into view a few days ago (Source: http://www.esma.europa.eu/page/European-Market-Infrast
In the same vein as delaying the June 10th deadline, follow the link to an article and PDF from Cleary Gottlieb on what exactly needs to be done for June 10th.
TSR call for a delay to the June 10th deadline, apparently due to the unprecedented number of enquires on what sorts of firms, and which products should be cleared.
An observation on the volumes in the swap market from our very own contributor Amir at ClarusFT. Have you entered the competition for an iPad yet, see the home page or ClarusFT.com.
An article published today in Risk Magazine states that Eurex are in the process of consulting market participants around th
A great piece by Nick Fry on DerivSource regrading the changes that Industry will go through in its efforts to comply with regulation requirements.
Spotted by Sapient here, the Canadian Securities Administrator has published a paper setting out their proposals for the regulation of OTC derivatives in Canada.
My next piece in FTSE GM - a bit of a rant but considerable truth in the reality of reforming the capital markets. Are we really any safer? Will the markets be profitable? Do we need more Trade Repositories? Answers just a click away.
RTS defining contracts with ‘direct, substantial and foreseeable effect’
Being a limey I forgot to think that the 5 CFTC commissioners don't stay in their jobs for life, here's when they are due to either retire, or be extended:
A way through the fog of CFTC Title VII final rules, exemptive orders and no action letters is offered by Commissioner O'Malia's speech to Energy Risk 2013.
Yesterday, the CFTC met to vote on final rules for swap execution facilities (SEFs).
"European authorities should consult on their approach to determining whether foreign derivatives regimes are equivalent to the European Market Infrastructure Regulation (EMIR) because these decisions have the power to break up the over-the-
Things are moving fast in US and the first FCM has completed its production testing with CreditLink.