Articles by Fiona Maxwell
WM Datenservice: "Emir was too fast"
Germany’s issuer of legal entity identifiers opened for business almost 12 months ago, but demand only surged in the weeks leading up to Europe’s February 12 reporting deadline
"What a mess": market reflects on start of Emir reporting
By any standards, Europe’s new reporting regime got off to a bad start. Many companies were not ready to comply; some repositories were not able to cope with those that were. Regulators, meanwhile, did not agree on what was in scope. Fiona Maxwell reports
Supervisors slam banks over 'top 20' counterparty results
After five years of work, a group of 19 big banks still get a failing grade from supervisors on their ability to pull together and report counterparty exposures. Is it all a question of cost? Fiona Maxwell reports
DTCC backlog leaves corporates unable to comply with Emir
Two companies say they have not been able to report to the DTCC's repository, and stopped trading swaps as a result
Esma calls for EC to overrule UK on forex reporting
"We need a solution," says Esma spokesman
DTCC users unable to access data after repository is overwhelmed
Emails to customers cite backlogs in rates and exchange-traded derivatives - users say repository has been "victim of its own success"
LEI issuance well below targets as Emir reporting begins
Finnish issuer expects to hand out 10,000 identifiers, but had only reached 1,166 last week - and the story is similar elsewhere
Missing UTIs will cause reporting chaos, corporates warn
Regulators have left industry to come up with Emir trade identifiers - a huge mistake, according to one corporate treasurer
Thousands of derivatives users not ready for Emir reporting
Number of legal entity identifiers is sitting at 83,337 – well short of the required total, which is estimated at anything from 100,000 to one million
Corporates held up as start of Emir reporting looms
The race to report
UK and EC clash over forex reporting exemption
The FCA and EC diverge over whether certain forex derivatives are subject to mandatory reporting
HSBC, RBS and SG to offer delegated reporting
The trio join five other banks in offering to report clients' trades to a trade repository on their behalf
Sovereign of the year: Riksgälden
Sweden's national deficit forecast roughly trebled at the start of this year, after the central bank decided to boost its US dollar reserves. The Riksgälden publicly questioned the need for the money - but had to go through with the financing. This year…
Frontloading fears remain despite Esma guidance
Uncertainty has been narrowed by Esma Q&A, but dealers say they will still face pricing headaches
CFTC guidance means FIA-Isda contract 'no longer needed'
Execution agreements that have taken years of work cannot be used on Sefs - and a big change is needed if they are to survive at all
CCP frontloading: the pricing nightmare
The pricing nightmare
Big European companies reject third-party reporting for derivatives
Corporates fear they will still pay the penalty if mistakes are made by delegated reporting services
Emir reporting questions pile up for corporates
Happy to report?