December 2016

'Articles' Monitoring CCP Systemic Risk in Real Time 15 December 2016 | Albert Menkveld Feed

CCPs were recently introduced for standard derivatives to remove counter-party risk from trades. Should the buyer or seller default, then the CCP will take over his trade commitment. CCPs thus effectively insure counter-party risk. Traders are therefore expected to continue to trade at times of elevated counter-party risk. A liquidity dry-up is thus avoided and, with it, the potential for an all-out crisis.

'Articles' Why FCMs Don’t Like Intraday Margin Calls 14 December 2016 | ClarusFT Feed

Bill: The ClarusFT article covers the fine detail of intra-day topups to SwapClear and why timing changes were necessary. If you have never looked at the detail of intraday margin calls then this is the article to read.

'Articles' Impact of MiFID II on the Buy Side – Andy Green in TheTradeNews 09 December 2016 | RegTek.Solutions Feed

The December 8, 2016 Article in TheTradeNews entitled “Out Of The Shadows” keys in on the impact of MiFD II reporting that will be felt by Buy Side firms that have been reliant on Delegated Reporting under EMIR.

'Articles' Cross-border Overreach 07 December 2016 | ISDA Feed

Those of you who have come to an ISDA conference, read our comment letters or, indeed, read this blog over the past several years know that cross-border harmonization matters a lot to us and our members.

'Articles' ISDA SIMM™ IM Comparisons 06 December 2016 | ClarusFT Feed

Clarus tools calculate margin under LCH, CME and ISDA SIMM™. It is a natural question to compare the three models. There are interesting differences across currencies and tenors. We find that SIMM is up to 37% higher than at a CCP. At last….!

'News' Message Automation (MA) expands connectivity suite with South African Partner 01 December 2016 | Hugh Daly

MessageAutomation grows their engagement with Andile in South Africa.

November 2016

'Articles' Screwdriver, Not Sledgehammer 30 November 2016 | ISDA Feed

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.

'Articles' Ways to Dismantle Dodd-Frank 29 November 2016 | DavisPolk FinRegReform Feed

The incoming Trump administration has promised to “dismantle the Dodd-Frank Act.” In previous posts, we’ve described the technical mechanisms that an incoming administration can use to undo regulation put into place by the previous administration (see How Regulatory Rollback Works and More than Just Midnight Regulations).

'Articles' ISO 20022 Explained in The OTC Space 29 November 2016 | RegTek.Solutions Feed


'News' Meeting 2 – Trade Reporting 29 November 2016 | The Post Trade Forum Feed

The time has come to hold another PTF meeting, and according to your survey feedback Trade Reporting is the topic to talk about.

'News' Countdown to Corda Open Source 25 November 2016 | Richard G Brown Feed

Bill: The R3 consortium has support from a large number of banks and has momentum in this space.

'Articles' The ISDA 2016 Variation Margin Protocol: Boldly Going Where No Protocol Has Gone Before 23 November 2016 | DRS LLP Feed

An excellent piece by DRS on the difficulties of the VM protocol. It appears that the legal world lives in the parallel universe occupied by Captain Kirk and Scottie, read on for more. Bill.

'News' Front Cover Photography Call 22 November 2016 | Bill Hodgson

We're looking for great images for the front cover of Rocket next year - do you have something that might work? Abstract, colourful, weird, stunning?