Posted by admin on Jul - 6 - 2014 - Comments Off on Europe calls on US to recognise overseas clearing rules
By Philip Stafford, Financial Times European markets authorities have called on their US counterparts to recognise equivalent standards for overseas clearing houses and head off a transatlantic regulatory turf war that threatens to fragment the derivatives market. The European Commission on Friday said it would recognise US rules that oversee clearing houses if the Commodity Futures Trading Commission, the main US derivatives regulator, were similarly flexible for foreign risk management… Read More »
Posted by admin on Jul - 6 - 2014 - Comments Off on Quick View: Clearing up differences
By Philip Stafford Eleven months on and last summer’s accord between the EU and US over jointly overseeing the derivatives market across the north Atlantic is being severely tested. The heads of both the Commodity Futures Trading Commission and the European Commission have both regularly committed to last July’s “Common Path Forward”. But as new CFTC chairman Timothy Massad meets his European counterpart Michel Barnier this week, it is clear… Read More »
Posted by admin on Jul - 6 - 2014 - Comments Off on Feel the pressure: BoE adds to stress of clearing houses
17 Jun 2014 Procyclicality may not be a word that’s often used in polite conversation – but it is a bad thing. It is a term used by the Bank of England in its review of clearing houses, published in May, and it refers to the tendency of players in a stressed market to behave in ways that make the stress worse. However, the Bank’s proposal to reduce procyclicality within… Read More »
Posted by admin on Jul - 6 - 2014 - Comments Off on DTCC faces month-long matching backlog
Author: Fiona Maxwell Source: Risk magazine | 01 Jul 2014 The DTCC is taking nearly a month to match inter-repository trades, and corporates are concerned that they will shoulder the blame The Depository Trust & Clearing Corporation (DTCC) is taking nearly a month to match derivatives trade reports sent to different trade repositories – a situation that is worrying corporates, who are concerned about possible regulatory sanctions. Since February 12,… Read More »
Posted by admin on Jul - 6 - 2014 - Comments Off on Is Derivatives Reporting Working Anywhere?
June 18th, 2014: Global derivatives regulation is a disaster, suggests George Bollenbacher, associate partner, Capital Markets Advisors, because the G-20 left it to each country to govern its own path to reform. And regulators dropped the ball from the start with reporting, which should have played a major role in delivering global transparency to the opaque market. Bollenbacher and TABB Group analyst Colby Jenkins examine the disparate reporting requirements in… Read More »
Posted by admin on Jul - 6 - 2014 - Comments Off on News Archives
Michael Zimits on Systematically Important Financial Institutions (SIFI) April 24, 2012: “The FSOC will ask for how non-exchange traded securities are valued, which includes the pricing models and inputs as well as an audit trail proving the source of the data. Knowing that the data is accurate will also go a long way to proving that any risk metrics you have offered are valid before you come up with the… Read More »
