June 2016

'Articles' The impact of Brexit on your next cleared swaps margin call 28 June 2016 | OpenGamma Feed

In the run-up to the Brexit vote, many firms trading OTC interest rate swaps were understandably worried about the impact of short term market volatility on the margin that they would need to post to their clearing houses.

'Articles' BREXIT – The Impact on Swap Margin 28 June 2016 | ClarusFT Feed

Given the large moves in Swap rates that we highlighted in our BREXIT Day One and Day Two blogs, I thought it would be interesting to look at the impact on Swap margins.

'Articles' Unity Needed on Margin Timetable 27 June 2016 | ISDA Feed

Harmonization and coordination are easy enough to identity as objectives, but harder to achieve. Regulators can take a lot of credit, then, for their efforts to develop a coordinated global margining framework for non-cleared derivatives.

'Articles' Brexit threatens City of London: a Q&A 26 June 2016 | Financial Times | Clearing and Settlement Feed

London is the world centre of the complex plumbing of markets, but leaving the EU complicates that

'Articles' Brexit: Epater les Eurogarchs 25 June 2016 | Streetwise Professor Feed

Confounding all elite prognostication (more on this aspect below), British voters repudiated their self-anointed better-thans and voted to leave the EU.

'News' 25Jun/Statement from Agustín Carstens, Chairman of the Global Economy Meeting, on the implications of the EU referendum in the United Kingdom 25 June 2016 | BIS Feed

Statement from Agustín Carstens, Chairman of the Global Economy Meeting, on the implications of the EU referendum in the United Kingdom (25 June 2016)

'Articles' The Day After Brexit 24 June 2016 | Harvard Law School Feed

Posted by Alec J. Burnside, Cadwalader, Wickersham & Taft LLP, on Friday, June 24, 2016

'Articles' Brexit: Legal Implications 24 June 2016 | Harvard Law School Feed

Posted by Ben Perry, Sullivan & Cromwell LLP, on Friday, June 24, 2016

'News' Delay to the EU Uncleared Bilateral Margin Rules 24 June 2016 | Bill Hodgson

Potential economic impact from a mis-match in timing of the new un-cleared margin rules between the EU and US (and the rest of the world)

'News' Brexit and the Markets 24 June 2016 | Bill Hodgson

The best case scenario is that some or all of the EU regulations and laws which apply are transposed into UK law. Worst case, UK becomes an outsider and the focus for financial services moves on-shore into Europe.

'News' Brexit – possible impact 24 June 2016 | Energy Trading Regulation Feed

Last night the UK population voted to leave the European Union, by a narrow margin.

'News' Statement on European Union referendum result 24 June 2016 | Financial Conduct Authority Feed

A brief statement from the FCA - nobody really knows what the future for UK based financial services will look like.

'Articles' Artificial Intelligence in Post Trade: The Dawn of a New Era? 22 June 2016 | Patrick Thornton-Smith

I saw a news article recently about how high frequency trading firms are turning to artificial intelligence (AI) to improve their trading performance and profit. Two large companies were mentioned with each having a slightly different approach.

'Articles' German Federal Court Ruling Important for Future Contractual Netting Arrangements 17 June 2016 | The Swap Report Feed

In a decision of 9 June 2016, the German Federal Court of Justice (Bundesgerichtshof, “BGH”) has ruled that the determination of the close-out amount in a netting provision based on the German Master Agreement for Financial Derivative

'Events' 2nd Annual Derivatives World Congress: 10% Discount for OTC Space Readers 17 June 2016 | Samantha Hodgson

The first 50 industry/profressional attendees can register for free. Registered OTC Space readers can make use of a 10% discount.