November 2014

'News' CCP “contagion” fears spark derivatives debate 13 November 2014 | Feed

Bill: A stirring debate on whether the approach of cross-linking CCPs or "interoperability" is a good idea for the OTC and Futures market.

'Articles' Reconsidering the CFTC’s Swaps Trading Rules for Greater Effectiveness in the Global Economy 13 November 2014 | Bill Hodgson

Statement from CFTC Commissioner J. Christopher Giancarlo

'Articles' The Truth in Clearing House Data 11 November 2014 | ClarusFT Feed

Bill: An interesting analysis from ClarusFT of the public Open Interest data from CCPs.

'Events' FOW Derivatives World London: The Debates 11 November 2014 | Bill Hodgson

Join FOW on the 9th December for Derivatives World London

'News' ESMA’s latest consultation on trade reporting under EMIR – a first look 11 November 2014 | Energy Trading Regulation Feed

Bill: A useful summary from Aviv of the new consultation from ESMA on trade reporting in Europe.

'Articles' Article: Reference Rates Upgraded to all new Avatars | (Part 2 of 3) 10 November 2014 | Pat Aditya

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 transparen

'News' Consultation on Review of the technical standards on reporting under Article 9 of EMIR 10 November 2014 | ESMA Feed
Bill: Let ESMA know what you think of EMIR trading reporting and their new ideas...
'Articles' Flawed US rules fragment swaps market 10 November 2014 | Financial Times | Clearing and Settlement Feed

Bill: This is a CFTC Commissioner retrospecitvely bemoaning the approach of his own staff to regulating the OTC market, and how from his perspective the world is splitting into regional silos to avoid CFTC rules.

'Articles' Brief History of Private-Label Securitization 09 November 2014 | John Kiff Feed

Bill: John Kiff has shown a chart which illustrates the dramatic drop in securitisation following the events of 2008. Add John Kiff to your home page by clicking Follow on his profile page.

'Articles' MiFID II | Are you Worried Yet? 07 November 2014 | Robin Poynder

The new MiFID

'News' THE IMPACT OF BCBS/IOSCO ON COLLATERAL | Whitepaper From Sungard 07 November 2014 |

​Alex Soane, product manager, operations for SunGard’s Apex Collateral solution, assesses the Basel Committee on Banking Supervision (BCBS) and the International Organization of Securities Commission’s (IOSCO) proposed plan to further mitigate the

'News' BoE to provide liquidity to UK clearing houses and broker-dealers 07 November 2014 | The Trade News Feed

Bill: The Bank of England have moved to reassure Andy Ross (of Morgan Stanley), given his worries about being a UK tax payer and having to back-stop the worlds single largest cleared pool of risk, down Aldgate High Street.

'Articles' OTC Clearing - Client Asset Protection - The Options 06 November 2014 | Byron Baldwin

Under EMIR Regulations as a QCCP, Eurex Clearing provides a range of client asset segregation offerings - Individual Segregation Account (ISA), standard Omnibus Segregation Account (OSA) and Multiple Omnibus Segregation Account (MOSA) .

'Articles' Saving in Germany: Worse than nothing 06 November 2014 | The Economist Feed

Bill: Paying to keep your savings with a bank is new ground for savers.

'Articles' Europe attracted by US derivatives pull 06 November 2014 | Financial Times | Clearing and Settlement Feed

Rise in interest rates trading and credit default swaps clearing to the States

'Events' SEFCON V 06 November 2014 | Bill Hodgson

SEFCON V is approaching fast! Guarantee your seat to the premier SEF conference of the year, hosted by WMBAA, and take part in a full day of critical SEF discussions with key industry experts and speakers.

Portfolio Compression 'Articles' Portfolio Compression: Win-Win to Avoid Cherry Picking (Part 3/3) 06 November 2014 | Diana Higgins

Cherry Picking occurs when a company in default collects money from counterparties but waits to pay them only if there is money left when the administration process is completed. Several reasons may prevent from netting values owed against receiva

'Articles' Will Commodity Traders Replace Banks as Swap Dealers? I Think Not 06 November 2014 | Streetwise Professor Feed