Clearing
ASX vs LCH in race to be Australia's OTC clearer
Home-town blues
Lamb discusses CME Clearing Europe's goals
A clear goal
EC's CRD IV says dealers can ignore portability risks
While Basel Committee deliberates, EC proposes 'value of zero' for contingent risks associated with clearing portability
Forex options clearing complicated by guaranteed settlement requirements
CPSS-Iosco guaranteed settlement requirements make foreign exchange options clearing more difficult, say participants
Collateral transformation needs to be carefully planned by clearing members, says Isda’s O’Connor
In an exclusive video interview, Isda chairman Stephen O’Connor says there is a finite capacity for clearing members to provide collateral transformation services to their clients
Grensted parts company with LCH.Clearnet
The clearer's head of business development - and one of SwapClear's architects - left the firm today
European Parliament rejects Swinburne’s forex exemption
Crucial plenary vote on Emir on July 5 retains suggested amendments to recognise unique nature of FX derivatives, but strips out explicit calls for an exemption
Derivatives users face tough choices on CCPs
A clear path?
Client clearing poses acute liquidity risks
Margin jump risk
The complexity of client clearing
Client clearing complexity
US still has no plans to give Asian sovereigns Dodd-Frank exemption, says Hong Kong regulator
Asian countries are concerned about the lack of Dodd-Frank Act CCP exemptions for sovereigns; proliferation of CCPs carries its own risks, say dealers
More guidance needed from regulators on clearing
Clear guidance?
Deutsche Bank merges OTC and listed clearing businesses
Deutsche restructures clearing initiatives in response to global regulatory push towards OTC derivatives central clearing
Central bank liquidity would help CCPs in distressed situations, says BIS
BIS weighs in on CCP central bank liquidity access debate
Client clearing services slowly maturing
A clear path?
Shift to clearing presents CCP system challenges
A clear challenge
Isda AGM: CCPs 'thinly capitalised' warns UniCredit's Mustier
In addition to margin requirements, UniCredit's head of corporate and investment banking argues clearing houses might need more capital
Isda AGM: dealers, CCPs debate risks of lowering bar to entry
Weaker clearing members could be overstretched by a crisis, dealers warn - but LCH.Clearnet and CME differ on the risk of wider access
Isda AGM: Esma committed to G-20 clearing deadline, says Maijoor
New authority will conduct cost-benefit analysis to decide which derivatives should be cleared - but G-20 deadline is not negotiable, says Esma chair in first public speech
Risk Europe: More clearing members preferable, say buy-side panellists
A wider universe of clearing members could help reduce risk, say buy-side representatives – who add they would consider joining
EU Council questions Esma’s power to determine clearing eligibility
Legal precedent suggests European Commission might have to determine which contracts should be cleared under new derivatives rules, rather than Esma as originally planned
Unlevel playing field for CCP members concerns banks
Under the bar, over the top?
Dealers resigned to CCP competition in Asia
Gaining interest