On April 29, the European Securities and Markets Authority announced the recognition of 10 central counterparties located in four Asian countries
CONTINUE READINGPimco has warned that the Basel III capital requirements could lead to more systemic risk by driving up the cost of clearing derivatives and concentrating risk in fewer market participants.
CONTINUE READINGOn March 30, LCH.Clearnet released a white paper on stress testing for central counterparties
CONTINUE READINGSince taking office in November, the former U.K. politician has emphasized the need to re-assess the post-crisis regulatory framework for financial services.
CONTINUE READINGBig changes are under way at Options Clearing Corporation, the Chicago-based clearinghouse that is among the world's largest as measured by processing volume. Earlier this year, OCC launched a multi-year effort to modernize the institution's risk management, clearing and data systems. Dubbed the Renaissance Initiative, the project aims to comprehensively redevelop the company's technology. But according to John Davidson, the clearinghouse's chief executive officer, the changes go far deeper.
CONTINUE READINGAs the derivatives industry gathered at FIA's IDX 2019 conference in London, familiar issues like Brexit remained the regular topics of conversation.
CONTINUE READINGHow the rise of electric vehicles will create pitfalls and opportunities for the derivatives industry.
CONTINUE READINGEU policymakers are committed to finding a new way forward that balances effective risk-management and financial innovation. That was the primary message delivered by Robert Ophèle, chairman of French markets regulator Autorité des Marchés Financiers, in a keynote address at FIA's IDX 2019 conference in London on June 4.
CONTINUE READINGOne of FIA's top concerns in the policy arena is the growing fragmentation of markets. We have warned for many years that this trend will reduce liquidity, especially in markets that depend on crossborder flows, and harm the resiliency of clearing. At long last, it appears that our concerns are being heard at the highest levels of the official sector.
CONTINUE READINGWhile it’s early in the roll-out of many blockchain use cases, there are immediate opportunities for the use of distributed ledger technology in the derivatives markets. Near the top of this list is the management and settlement of collateral, a multi-billion dollar headache for the world’s largest banks.
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