Bank for International Settlements (BIS)
Rise in CCPs may spur collateral fragmentation
Currency controls
RBI sees developing repo markets necessary in meeting Basel liquidity rules
India central bank views repo as an increasingly important market in the wake of Basel III implementation
Central clearing: what obstacles remain for Asia?
Despite the deadline for introducing central clearing already passing, a number of questions are unanswered. Leading figures from around the region voice their concerns
Lack of clarity over clearing provides problems for Asia banks
The deadline set by the G-20 to clear all standardised OTC derivatives has passed but a lack of regulatory clarity over the shape of reform is hampering banks in the region
BIS’s Caruana warns of low interest rates risk
Jaime Caruana says low interest rates have created a ‘first-mover disadvantage’ that prevents rates rising and could fuel financial instability
IMF: CCP structure increases systemic risk
The likely increase in the number of central counterparties will create more 'pockets of risk', says senior economist
On the move
On the move
Asia faces obstacles in implementing regional clearing regime
Clearing the obstacles
New Esma ETF guidelines change the rules on securities lending in favour of synthetics
The latest European Securities and Markets Authority guidelines for Ucits ETFs will make life more difficult for physically backed ETFs and point to a growing acceptance of synthetic funds
WGMR margin rules borrow heavily from US proposals
Working group publishes proposed margin rules for uncleared trades – bringing global rules in line with an earlier US proposal
ETFs under the microscope
Under the microscope
BIS calls for European banking union and urgent fiscal reform in developed nations
Urgent fiscal reform and genuine efforts to create a banking union in Europe are vital to breaking the viscous linkage between banking and sovereign stress, says BIS
Changing hats, April 2012
Hong Kong's SFC sets up risk strategy unit and Bank of England governor to chair the BIS's Committee on Payment and Settlement Systems
Dealers worry about risk of $500bn overnight liquidity drain
Dealers are concerned that intra-day margin call guidelines, which they claim could drain up to $500 billion from financial markets, could make it into final CPSS/Iosco principles
BoE deputy governor appointed as CPSS chairman
Bank of England’s Paul Tucker replaces Federal Reserve Bank of New York president as CPSS chairman
People: SG CIB promotes Mianné and Fields
Mianné lands the deputy CEO role at SG CIB, with Fields replacing him as head of global markets - but the bank loses David Knott; JP Morgan's Zubrow gets regulatory affairs post; Jotwani leaves Nomura, with Ashley and Assi promoted
Video: New York Fed’s Marc Saidenberg denies US go-slow on Basel II implementation
The US is introducing Basel II at a similar pace to international peers and is also committed to timely implementation of Basel III, according to Marc Saidenberg, senior vice-president of bank supervision at the New York Fed, who warns of the dangers of…
Risk.net poll: CCPs should have access to central bank liquidity
The majority of respondents to an online poll support central bank liquidity access for CCPs, but critics argue this would be likely to lead to the break-up of multi-currency clearers
HFT is changing the ecology of the forex market, says BIS committee
Bank for International Settlements report on high-frequency trading in the forex market is lukewarm about recent initiatives to monitor HFT, and recommends further analysis by regulators and participants
HFT is changing the ecology of the FX market, says BIS committee
Bank for International Settlements report on high-frequency trading in the FX market is lukewarm about recent initiatives to monitor HFT and recommends further analysis by regulators and participants
SFOA conference: Eurex supports central bank access for CCPs
Derivatives clearing houses should be able to rely on central bank liquidity support, says Eurex exec at SFOA annual conference
India’s CCIL set to become currency options trade repository
The Clearing Corporation of India is already well ahead of rivals in Asia when it comes to receiving OTC interest rate derivatives data. It now looks set to become the country’s trade repository for non-rupee currency derivatives, as the clearer moves to…
BIS must continue to evolve: Caruana
General manager, Jaime Caruana, says BIS must continue to adapt to a changing world and work to incorporate emerging economies effectively
Risk managers seek understanding of structured products investor trends
On the trail of commodities