Maria points out a candidate for the longest single derivatives sentance award.
One of the questions which many in Europe would like to understand, is how ready (or not) firms are to participate in central clearing, especially now that ESMA are working through the regulatory process to begin mandatory clearing. The OTC Space is conducting research via interviews, and a survey (below) to gather information to put substance into an article to answer this question.
The only way cost is going for OTC products is up - and the result will see structural changes to the firms operating in the OTC market.
The new Chairman of the CFTC is making a fast start in tackling the unintended systemic risk consequences of Dodd-Frank's Title VII derivatives rules. Could this avert a future FCM concentration risk crisis and enable legacy stockpiles of uncollateralized counterparty risk to be more easily reduced in response to the capital incentives? Let's hope so.
Not surprisingly, Eurex Clearing has extended the date for the fee waiver application to 30 May .
Dear all, This week, as started last week, also sees this newsletter spread over several pages - according the regular headers you are accustomed to. Happy reading. The TOP Stories of last week:
As two months have passed since my article USD IRSwap Client Clearing, CME or LCH?, I wanted to see what the data now shows. Having diligently collected daily figures for the past 2 months from the CME and LCH websites, I have produced weekly volumes for USD IRS and EUR IRS for the 8-week period 5-Aug-13 to 27-Sep-13.
Dear all, Back after a refreshing holiday - please receive the latest news digest on the dazzling world of derivatives. From this week onwards I will add "pagination" to the Dazzle - this means that you will find each separate area of the newsletter (e.g. Regulation Europe, Infrastructure, etc.) on its own page (look for the Pages 1,2,3,4,6 underneath the Like button). (FYI, some articles require a subscription (e.g. RISK, Financial News), others a free registration (e.g. Tabb Forum, DerivSource))
As EMIR moves forward to its next milestones, central clearing, one of its major pillars (if not the core of EMIR) , is the next big challenge for all of us, assuming that trade reporting is already analysed and now in a testing phase.