The post-crisis banking regime has obliged financial institutions to make connections between previously distinct classes of risk. The traditional view of a sequential flow of risk has been replaced by an infinite, interconnected loop with collateral and liquidity at the center alongside risk weighted asset considerations.
The European Securities and Markets Authority (ESMA), based in Paris, offers employees the opportunity to work on issues related to the reform and oversight of the European Union's financial markets.
The OTC Space is looking for someone to work with us to produce original content, such as articles, interviews, videos, roundtables and other formats.
ESMA has today recognised ten third-country CCPs established in Australia, Hong Kong, Japan and Singapore.
Recently we introduced exchange traded derivatives in CCPView, allowing us the ability to start exploring this world alongside the OTC market more holistically.
Shifts in Financial Market Infrastructure (FMI) over the last 10 years have changed the profile of person that FMI businesses want to hire. There used to be little competition for key hires between CCPs and Exchanges, mainly because there was little competition between the businesses themselves. Exchanges and CCPs were interconnected and at the time it was unusual to hire a partner’s staff.
ESMA have issued the latest version of their Questions and Answers document on EMIR, which can be found here. They include details of new “level 2 validations” which are to come into force in October 2015.
The comprehsive comparison of Swap Futures contracts has been updated
The European Securities and Markets Authority (ESMA) has today issued the 13th update of its Q&A document on the implementation of the European Markets Infrastru
OTC clearing business may face the chop pending review
Leading regulators, legislators, derivatives market participants, technology and resource providers met in Montreal this week at the International Swaps and Derivatives Association’s (ISDA) 30th Annual General Meeting (AGM).
When the new derivatives rules established trade reporting as one of the key goals, regulators assumed that this would unlock the door to market transparency and the ability to monitor systemic risk. While much progress has been made, as trades flow into the trade repositories, it is widely acknowledged that attention must now focus on data integrity.
ESMA (the European Securities and Markets Authority) is slowly moving forward in its attempts to reform and regulate the financial markets - the way Dodd-Frank has done here in the U.S. ESMA published a consultation paper and proposed regulatory technical standards regarding amendments to MiFID II (Markets in Financial Instruments Directive) and MiFIR (Markets in Financial Instruments Regulation).
This afternoon event is for back-office executives from across the European derivatives market who are looking to increase their knowledge and understanding of post trade and collateral management issues affecting our industry today. As the market changes under the pressure of regulatory reform and the opportunities and efficiencies offered by automation, this event will provide an overview of the latest thinking on this crucial part of the trade cycle.
During this event – following in the footsteps of our renowned Risk Management Series – the participants will hear about the updates and reviews on regulations and other frameworks such as IFSR 9, SSM, Basel III, Basel IV, SA-CCR, CEM, JQIS, LGD monitoring, PD term-structure, NPL portfolios, CvaR, RWA, Stress-tests, CVA and xVA Framework, and many more, gain insight to Credit Risk Modeling, Validation, and Counterparty Credit Risk furthermore they can also build long lasting business relationships with the representatives of the most significant financial institutions of Europe.
Bill: If you visit the JDX stand, you can get a copy of the latest edition 3 of Rocket Magazine, along with their exciting goody bag.
Before the Volcker Rule was finalised on December 2013, a number of foreign banks operating in the U.S. held derisive attitudes toward American regulators. According to a number of bank regulators, European banks were particularly prone to dismissing the importance of U.S. bank rules since they were regulated by their home countries.
We are searching for a highly skilled compliance professional, with financial services experience. A professional with experience working with EMIR regulations and reporting to regulatory authorities. If this is you, read on - this could be the opportunity for you.