October 2018

'Articles' Clearing Incentives, Systemic Risk and Margin Requirements 17 October 2018 | ISDA Feed

Central clearing of standardized derivatives and margin requirements for non-cleared derivatives are two of the basic tenets of global financial regulatory reform.

'Articles' RegTek.Solutions wins ‘Best Compliance and Regulatory Solution’ Award 11 October 2018 | RegTek.Solutions Feed


'Articles' Derivatives, the Cloud and the source of truth 10 October 2018 | ClarusFT Feed

Bill: ClarusFT put some distance between their platform built in the cloud from scratch and take a jab at 'legacy' vendors who have a history of software on the ground instead of up in the cloud(s).

'News' The FCA consults on its approach ahead of the UK’s exit from the EU 10 October 2018 | Financial Conduct Authority Feed

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

'Articles' Industry Groups Set Out Impact of Hard Brexit on Derivatives 09 October 2018 | ISDA Feed

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

'Articles' ISDA and KWM Publish Practical Framework for Constructing Smart Derivatives Contracts 03 October 2018 | ISDA Feed

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

'Articles' Whitepaper series “Incentives to Clear” 01 October 2018 | ISDA Feed

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)

'Articles' IBOR replacement (end-2021) why firms need to act NOW 01 October 2018 | The Field Effect Feed

September 2018

'Articles' European banks mull leaving UK derivatives market | CCP Notice to Close Out Coming? 30 September 2018 | Financial Times | Clearing and Settlement Feed

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.

'Articles' Forget the headlines: What you really should know about the nasdaq default 28 September 2018 | OpenGamma Feed

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.

'Articles' The end of LIBOR : are you ready? 26 September 2018 | Bill Hodgson

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’.

'News' MarkitSERV Hokey Cokey - Are They In or Out? 26 September 2018 | Bill Hodgson

Having reported that MarkitSERV was up for sale, it now appears that idea has been parked.

'Articles' Could the Nasdaq default happen in Rates markets? 26 September 2018 | ClarusFT Feed

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.

'Articles' A Solution for Consistency 24 September 2018 | ISDA Feed

Earlier this year, when testifying to a US Congressional committee, I proposed a holistic solution to the lack of harmonization

'Articles' Default at Nasdaq Clearing 19 September 2018 | ClarusFT Feed

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.

'Articles' Firms’ preparations for transition from LIBOR to risk-free rates 19 September 2018 | The Bank of England Feed

Letters to the CEOs of banking and insurance firms from the Prudential Regulation Authority and Financial Conduct Authority