May 2013

'News' Streetwise Professor » I Was Wrong. But Not as Wrong as What I Was Wrong About. 26 May 2013 | Bill Hodgson

SWP points out the worst of Dodd Frank (in his opinion), the Made Available to Trade rule (MAT). Have a read of his post, then think about some scenarios this could cause:

'News' EMIR timeline moved by 5 months | Earliest Start for Clearing now May 2014 25 May 2013 | Bill Hodgson

On the ESMA website a new timeline popped into view a few days ago (Source: http://www.esma.europa.eu/page/European-Market-Infrast

'News' Navigating Key Dodd-Frank Rules Affecting Swaps End Users — The Harvard Law School Forum on Corporate Governance and Financial Regulation 24 May 2013 | Bill Hodgson

In the same vein as delaying the June 10th deadline, follow the link to an article and PDF from Cleary Gottlieb on what exactly needs to be done for June 10th.

'News' Op-Ed: Now Is the Time to Defer the June 10th Central Clearing Deadline : The Swap Report 24 May 2013 | Bill Hodgson

TSR call for a delay to the June 10th deadline, apparently due to the unprecedented number of enquires on what sorts of firms, and which products should be cleared.

'News' Cleared US dollar IRSs increase ahead of buy-side deadline | news | Asset Classes | Derivatives | thetradenews.com 24 May 2013 | Bill Hodgson

An observation on the volumes in the swap market from our very own contributor Amir at ClarusFT.  Have you entered the competition for an iPad yet, see the home page or ClarusFT.com.

'News' Will Eurex Launch Swap Futures? 24 May 2013 | Ben Larah

An article published today in Risk Magazine states that Eurex are in the process of consulting market participants around th

'News' Confirmation timeliness challenges | DerivSource 24 May 2013 | Maria Leontiou

A great piece by Nick Fry on DerivSource regrading the changes that Industry will go through in its efforts to comply with regulation requirements.

'News' Canadian Derivatives Regulation | Consultation Paper 23 May 2013 | Bill Hodgson

Spotted by Sapient here, the Canadian Securities Administrator has published a paper setting out their proposals for the regulation of OTC derivatives in Canada.

'News' Safe and profitable markets? | FTSE Global Markets 21 May 2013 | Bill Hodgson

My next piece in FTSE GM - a bit of a rant but considerable truth in the reality of reforming the capital markets.  Are we really any safer? Will the markets be profitable? Do we need more Trade Repositories? Answers just a click away.

'News' EMIR developments | Round up 21 May 2013 | Maria Leontiou

RTS defining contracts with ‘direct, substantial and foreseeable effect’

'News' CFTC Commissioners Expiry Dates | Not a Job For Life 20 May 2013 | Bill Hodgson

Being a limey I forgot to think that the 5 CFTC commissioners don't stay in their jobs for life, here's when they are due to either retire, or be extended:

'Events' O'Malia speech - useful synopsis of what's not yet regulated 20 May 2013 | Jon Skinner

A way through the fog of CFTC Title VII final rules, exemptive orders and no action letters is offered by Commissioner O'Malia's speech to Energy Risk 2013.

'News' The echo of CFTC’s approval on Final SEF Rules 17 May 2013 | Maria Leontiou

Yesterday, the CFTC met to vote on final rules for swap execution facilities (SEFs).

'News' SEC advise EC and ESMA to consult on EMIR equivalency 16 May 2013 | Maria Leontiou

"European authorities should consult on their approach to determining whether foreign derivatives regimes are equivalent to the European Market Infrastructure Regulation (EMIR) because these decisions have the power to break up the over-the-

'News' First FCM completes production testing with CreditLink | Market Infrastructure 15 May 2013 | Maria Leontiou

Things are moving fast in US and the first FCM has completed its production testing with CreditLink.

'News' Allen & Overy on EMIR 15 May 2013 | Maria Leontiou

Allen & Overy published a short summary of EMIR key points and make some noteworthy comments.

'News' OTC Derivatives, Bilateral Trading and Central Clearing | David Murphy | Palgrave Macmillan 15 May 2013 | Bill Hodgson

On the 26th of July, open your wallet for the next book with a chapter by myself on the mechanics of clearing, plus a whole lot from David Murphy too.

'News' Clarus Financial Technology Launches SDR View 14 May 2013 | Amir Khwaja

London, May 14, 2013Clarus Financial Technology today announced the release of SDR View, its Swaps Data Repository viewer application. This is publicly available at