The Financial Conduct Authority (FCA) today published two consultation papers, setting out its proposals in the event the UK leaves the European Union on 29 March 2019 without an implementation period. It also set out its approach to the regulati
ISDA, the Association of German Banks (Bundesverband deutscher Banken), the Italian Financial Markets Intermediaries Association (Associazione Intermediari Mercati Finanziari), the Banking and Payments Federation Ireland (BPFI), the Danish Securit
The inside story of DerivHack and how the ISDA CDM might be the beginning of something big
ISDA and law firm King & Wood Mallesons (KWM) have published a new whitepaper that sets out the steps for developing smart derivatives contracts, part of ISDA’s broader work to drive further standardization in derivatives markets and facilitat
As part of its efforts to understand the progress of and issued connected with derivatives market regulatory reforms, the Financial Stability Board (FSB) tasked its Derivatives Assessment Team (DAT) with analysing the impact of Group of 20 (G-20)
Rising concern among executives about access to clearing houses after Brexit
Bill: Epic consequences for UK CCPs in late November or early December if there is no Brexit deal enabling clearing into the UK. Worth a read.
You’ve probably seen the headlines about the trader who blew ‘€100m hole in Nasdaq’s Nordic power market’. This was a timely reminder of the potential impact of market defaults, coming as it did 10 years after the failure of Lehman Brothers.
In less than three months, many firms must be able to convince regulators that they’re ready for the transition away from LIBOR. The ‘Dear CEO’ letter sent this week outlines what the FCA and PRA are expecting from major banks and insurers, but it also serves as a reminder to all LIBOR users to make sure they have a ‘robust written plan’.
Having reported that MarkitSERV was up for sale, it now appears that idea has been parked.
What could cause a Rates CCP to lose €100m from the Default Fund? We look at 10y IRS in NOK vs SEK. We find that liquidity add-ons prevent very large positions from being under-margined.
Clearstream’s OTC Collateral service supports buy side customers throughout the entire lifecycle of both cleared and uncleared collateral management, whilst at the same time uniquely enabling full reuse of received collateral for triparty purposes.
Earlier this year, when testifying to a US Congressional committee, I proposed a holistic solution to the lack of harmonization
Last week’s default at Nasdaq Clearing in the power market, generated a lot of press, both because member defaults are few and far between events at CCPs and the fact that it coincided with the ten year anniversary of the Lehman’s bankruptcy.
Letters to the CEOs of banking and insurance firms from the Prudential Regulation Authority and Financial Conduct Authority
Anniversaries are important. They provide an opportunity to look back on important events in the past, and consider how they shaped the present.
A long and comprehensive post from DRS on Brexit and the OTC market, follow the link below.
The OTC Space is pleased to invite you to the Model Risk Management Forum on 19-20 September in London. Get to grips with the best practices and emerging innovations of model risk management and governance, and get a 15% discount on tickets as a guest of The OTC Space.
Hear from expert speakers on how to prepare for Initial Margin on uncleared OTC business. If your firm might be in scope for 2019 or 2020 then you need to hear these presentations, and get your questions answered.https://cloudmargin.com/understanding-initial-margin/
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