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EMIR

Amended EMIR RTS published in the Offical Journal – New reporting starts on 1st November

Following its adoption by the European Commission a few weeks ago(see here), the amended Regulatory technical Standard (RTS) on EMIR reporting has now been published in the Official Journal of the European Union, and can be found here. This means that the start date for the new reporting formats is 1st November 2017.

Brexit Scenarios for Central Clearing Houses

Following the Brexit vote, in October 2016 Prime Minister May and the new Brexit secretary confirmed their intention to trigger Article 50 of the Treaty on European Union before the end of March 2017, starting the clock on a two-year process of leaving the European Union. This article comprehensively sets out the issues for CCPs around Europe.

Ten Commandments for Achieving Operational Excellence for Hedge Funds & Asset Managers

Over the past 20 years the investment management industry, and specifically hedge funds, has achieved tremendous growth. As assets under management increased, so did diversification in strategies and investments. During that time investors have become very sophisticated in their selection of investments as well as the operational due diligence process. This growth and sophistication has reinforced the critical role of operational executives, and their teams’ responsibility to effectively manage the operational infrastructure. These are the people, functions and technology that are an integral part of keeping these firms thriving.

Systemic risks in CCP networks

We propose a model for the credit and liquidity risks faced by clearing members of Central Counterparty Clearing houses (CCPs). This model aims to capture the features of: gap risk; feedback between clearing member default, market volatility and margining requirements; the different risks faced by various types of market participant and the changes in margining re- quirements a clearing member faces as the system evolves. By considering the entire network of CCPs and clearing members, we investigate the distribution of losses to default fund con- tributions and contingent liquidity requirements for each clearing member; further, we identify wrong-way risks between defaults of clearing members and market turbulence.

Post Trade Forum Meeting 2 – Trade Reporting – Feb 16th

The second most important topic to PTF survey respondents was trade reporting and we are pleased to announce the next working group for the Post Trade Forum on this exact topic.

Riskfocus Validator Intro Video

Firms use Validate.Trade to test reporting software to reduce the cost and risk of change to pre-validate trade reports before they fail at the ARM, TR or SDR resulting in better control and compliance!

Most Read: November & December 2016

Users have been voting with their clicks as to the most interesting articles, and we've developed a list to show you which 30 articles have been the most popular. This list is as-of January 1st, and shows our all time most viewed articles. We've also provided a list of our most popular articles in November & December 2016, and will continue to update these lists.

The 2017 OTC Derivatives Summit Meetings and a New Partnership

Did you know that a group of senior buy- and sell-side people meet in private each year to freely debate the state of the OTC market, and hear from regulators on the future direction of regulations?

Screwdriver, Not Sledgehammer

Build a car engine from scratch, and it’s a fair bet that it won’t be purring the first time it’s switched on. That doesn’t mean the engineer has failed, and it doesn’t mean the whole thing needs to be smashed up. It’s just likely to need fine-tuning and refinement before the engine is really performing as it should.

Rocket 8 Downloadable PDF Edition

The team here at The OTC Space are pleased to announce the availability of the downloadable PDF edition of Rocket 8. Formatted in landscape to fit your computer or portable device screen, this edition contains inside information on what's happening in the industry. The PDF is attached below, and contains a great set of articles from previous and new authors.

OTC Space

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