In a tribute to an idea first raised on this very website on April 1st this year, the FSB has agreed:
An interesting move by ISDA - one for all Risk managers to get involved with, as the margin approach for non-cleared trades may (or will) have a massive impact.
Bovespa in Brasil have developed an approach to calculating margin which considers portfolio hedges and the timing of close-out to produce a model which more easily integrates multiple assets classes in clearing.
Frances Coppola argues that provision of banking for regular people on the high street is fundamentally broken, and must require government guarantees to survive, hence the implication that a government sponsored entity (GSE) to provide basic curr
ISDA produces its Market Analysis to correspond with the release of the Bank for International Settlement’s (BIS) semi-annual statistical release. The BIS’s most recent release covered the period ending December 31, 2012.
A really comprehensive paper by CME was published this month (June), which amongst others, emphasises the benefits of cross margining, saying that $1 billion in initial margin savings have been achieved. It also shows examples of savings achieved
Rehypothecation can be very bad and be the devil which cannot be controlled and can become a monster which can eat up every one.
On Tuesday 25th June, 2013, at 9am EST, I shall be hosting a webinar on the study "The Cost of Clearing: A Buy-Side Investiga
Following on from my blog post of Day 3, I wanted to provide an update of Week One and also take a longer view; the Year to Date.
For those of us that consume website updates using RSS and a reader client, there is only a short space of time before Google rips out the most useful product they offer (apart from search).
Today ClarusFT (and OTC Space) announce the result of our competition to predict the impact of the Dodd-Frank
The race is on to find a suitable replacement for the CHF TOIS fixing by 01 September, 2013.
Hot on the heels of the MifiD OTF announcement, LSE are intending to get into electronic trading of Interest Rate Swaps, cleared at SwapClear. The service should go live in Q4 this year.
According to reports from inside Europe, the concept and reality of an Organised Trading Facility (OTF) will become a reality under MiFID 2 in the medium term future.
LIBOR. ISDAFIX. And now, from a different asset class; WM/Reuters (WMR). Fixing scandals are emerging one after the other. This week, informants announced that a systematic rigging of the WMR FX fixing rates was going on among the major banks.
Interesting article in TabbFORUM, being ready to clear by June 10th is not the same as being ready to manage a cleared swaps portfolio.
Following on from yesterdays article, I wanted to provide an update on Day 3, June 12.
Category II firms were required to clear Interest Rate Swaps from June 10th, as this deadline impacted a lot more firms than the prior March 11th deadline, I decided to look at what the DTCC SDR data shows, and whether the expected switch from Un-
A breaking story is the potential nomination for Gary Genslers replacement as Chair of the CFTC.
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