At last we discover what ESMA believes they wish to see cleared in Europe - is it in line with the CFTC rules?
Minor updates to the EMIR Q&A, but check them all the same
Eurex are proud to publish our latest (37 page) whitepaper on "How central counter-parties strengthen the safety and integrity of financial markets".
One new CCP Authorised, two big CCPs not yet
Palgrave have updated their website and put up a nice page with our logo, offering you lucky readers 8 different books all at 30% off. The latest one is "Equity Derivatives Explained":
ICAP’s i-Swap platform sets new US Dollar interest rate swap volume record in June
An article at Risk, now public, explains the deep uncertainty around the outcome of the CFTC exemption consideratons for non-US CCPs
Here's a quick way to get back to your favourite stories.
Learn about the EMIR segregated account offerings available from Eurex.
We have completed the migration the email sending function onto the site, giving you and us more flexibility on when and what we send.
A recent Risk M
In the Basle 3 rules, page 40, (see bcbs189 below) you see this:
Banks may stand to lose as much at $4.5 billion in OTC derivatives due to the mandated move to electronic trading, according to a new McKinsey & Co. report. That loss translates into a 35 percent revenue drop.
Collateral system provider 4sight and consultancy Rule Financial have published a complimentary whitepaper on the issues facing buyside firms around the collateral management process.
What’s the outlook for Investment Banking in 2014 and beyond?
Collateral and Financial Plumbing written by the leading authority on collateral, Manmohan Singh, published on the 30th June 2014.
Bringing Efficiency to Collateral Management
Trends, Challenges and Opportunities for Success
More than 55% of firms surveyed don’t believe they have efficient processes for collateral management or are well prepared for future challenges; according to a recent Sapient Global Markets survey. Due to an ever-evolving regulatory landscape, collateral management has been transformed into a complex, costly exercise. Through the onset of new regulations, firms continue to face many challenges including higher collateral volumes, increased margin calls and interaction with more counterparties.
What are the drivers of this transformation? And, how can your firm transform collateral management into a competitive advantage?
Margin & Collateral Efficiencies for the Sell Side - Ten Year Euro Asset Swap.
An article from Risk Magazine tells the story of how battle lines are drawn on the OTC Rates Clearing front between Eurex and LCH.Clearnet