ISDA has published a new research paper that analyzes recent trends in the size and composition of over-the-counter (OTC) derivatives markets, using the latest data from the Bank for International Settlements (BIS) and ISDA.
excellent post on UMR from DRS - a must read for any firm who might be in Phase 4 or 5. Bill
The Commodity Futures Trading Commission’s LabCFTC today released, “A CFTC Primer on Smart Contracts.” This primer is part of LabCFTC’s effort to engage with innovators and market participants on a range of financial technology (FinTech) topics, a
If you run a ‘buy and hold’ strategy you don’t expect your initial margin requirement to change much. You would even hope that margin would progressively fall over time as the duration decreases.
Brexit adds to the burden
Bill: More work for Phase 4 UMR, if we're unlucky.
This paper highlights the issues that must be addressed in the case of a ‘hard’ Brexit. Specifically, it:
As we emerge from the midterm election season, we have updated our brief deck summarizing the leadership and s
Derivatives trading and processing are becoming more automated, but the legal documents that back these trades are still reliant on paper and wet signatures. This slows down the time it takes to negotiate a document, and creates inefficiencies thr
A small step towards centralised processing of OTC products
DON’T WAVE DODD-FRANK GOODBYE JUST YET
by Anne-Charlotte Duhaut, Marketing Director at RegTek.Solutions
How many margin agreement platforms does the industry need?
Join Redspire and Microsoft for a Financial Services Business Leaders event in the heart of City of London. Hear from four world-class Senior keynote speakers and enjoy an intimate and informal presentation with Chris Brindley, ex-Metro Bank Helen Wilson, Microsoft UK’s Customer Success Director. Take the opportunity to ask direct questions on how you can successfully steer change within your own business and why it’s so important to do so now.
Bill: This is a good post on how the multiple exposure calculation methods may change for US firms.
For anyone not familiar with the background, the UK government are trying to find a way to to tax firms like Amazon who operate in the UK but are domiciled elsewhere as a company, hence paying corporate tax outside the UK.
A new patent covering the risk monitoring of multiple cleared CCP accounts may conflict with CCPs and other FinTech vendors from providing similar functions.
A new CFTC report examines the number of entities in scope for phase 5 of UMR and the effect of excluded physical FX from the AANA calculations