Financial Stability Board

Progress in Implementing OTC Derivatives Market Reforms

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The FSB published a ninth progress report on implementing OTC derivatives market reforms.


The full report is attached below, within which there are some charts which need interpretation. I've redrawn the overview chart below using my own approach to the status key. 

My interpration of the results are these:

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Will leverage ratio cause an FCM concentration crisis?

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Risk magazine editor Duncan Wood makes a good point in his article The invisible incentives of clearing (subs. required) - the FSB / BIS ignored leverage ratio effects in concluding that incentives are in place for clearing both on banks self-clearing their trades and on FCMs clearing trades for clients.  In this post I look at the FCM capital cost problem and whether changes to bank capital rules alone can deliver an economically sustainable future for FCMs.
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Reference Rates Upgraded to all new Avatars (Part 3 of 3)

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The final installment of a series on the re-building of LIBOR

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Article: Reference Rates Upgraded to all new Avatars | (Part 2 of 3)

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Last week, I have introduced reference rates, their usage in financial industry, existing loopholes, attempted manipulation and proposed recommendations by FSB (with OSSG) to revamp these reference rates in order to make them robust and transparent (http://www.theotcspace.com/2014/10/29/reference-rates-upgraded-all-new-avatars-part-i-3). In this article (Part 2 of 3) I explain about these recommendations in detail and also the advantages of implementing them.

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Reference Rates Upgraded to all new Avatars | (Part I of 3)

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This article is Part 1 of my explanation on recent recommendations suggested by the Financial Stability Board (FSB) on existing reference benchmark rates. 

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One Repository to Rule Them All | FSB Feasibility Study Published

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A Global Approach to Trade Reporting

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Moving Away From LIBOR | A More Complex OTC Market

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Regulators see a new future for the OTC market without LIBOR as the central benchmark

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FSB 7th Progress Report on OTC Reform Implementation

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The FSB have published their latest report on progress around the world on implementing the G20 reforms for Trade Reporting, Central Clearing, Capital Rules and Electronic Trading.

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Weekly Roundup | Post-Trade Processing | 17 February 2014

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Reporting Start Date + 1 | What's The Status of Trade Reporting?

Looking back at the last couple of days and my conversations with market participants formed a picture in my mind of the current state of trade reporting to trade repositories (TRs) under EMIR. The OTC Space: Reporting Start Date + 1 | What's The Status of Trade Reporting?

 

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