How time flies when you’re having fun... or waiting for clearing regulations to finally start. It seems Bruce Lee was right when he said, “If you spend too much time thinking about a thing, you’ll never get it done.”

Posted by Dan Ryan, PricewaterhouseCoopers LLP, on Saturday, November 21, 2015

Rocket 5 is now available as an on-line edition formatted for tablets and computer screens. This edition contains 80 pages of new content.

The 10th of July 2015 consultation deadline marked another milestone in the European margining rules implementation. The financial industry had got only one month to comment on the European Supervisory Authorities’ (ESAs) second draft¹ Regulatory Technical Standards (RTS) outlining the framework of the risk mitigation techniques for OTC derivative contracts not cleared by a CCP on the basis of Article 11(15) of Regulation (EU) No 648/2012 (EMIR).

Hugh Daly, CEO of Message Automation, outlines his company’s philosophy for helping clients achieve harmonisation and control of Post Trade derivatives operations in a pragmatic, efficient and effective manner.

Since 2008, regulatory changes to prevent another crisis from occurring have been incrementally rolled out. The US is ahead of Europe with mandated clearing and electronic trade execution already in effect and with trade reporting a requirement in both jurisdictions. From September 2016, Europe will see the introduction of mandatory margining for non-cleared OTC derivatives. Only the largest dealers are in the first wave of firms impacted by the new requirements, but the scope broadens year on year out to 2019 to encompass a wide range of firms active in the OTC derivatives markets.