International Swaps and Derivatives Association (Isda)
Swaps industry mulling new utility for margin compliance
Utility would run daily margin calls, using open source version of industry’s standard model
CCP debate needs to go beyond skin in the game
Discussion needs to move on to how to keep markets functioning in a default
Repo and securities lending face swap-style stays
Regulators and industry to meet in London on March 2
Big plans for derivatives termination stays – the BoE view
Stays will extend to buy-side, repo, and securities lending, says BoE’s Gracie
Malaysia close to becoming a clean netting jurisdiction
Banks will save hundreds of millions of dollars in risk-weighted assets
Japan banks will avoid US firms over margin rules
Dollar bias of US uncleared margin rules will impact swap pricing
Non-cleared margin rules pose cross-border challenge – Isda
Key differences between European and US rules could hit Asia
Buy side attacks Isda early termination protocol
Lawyers and funds allege lack of consultation in crucial too-big-to-fail fix
Negative Eonia splits US and EU banks, traders and lawyers
Collateral posters should pay when rates are negative, US banks believe
Conflict of interest: banks call for unity on Eonia
Traders fear swap market will be split by 0% floor disputes
Deadline looms for Isda group on resolution protocol
Working group still grappling with capital, timing, bankruptcy issues
The fear of being naked
The industry is not finding it easy to give up termination rights
Too-big-to-fail fix may need second swaps protocol in 2015
After big banks sign up, unwritten rules mean a follow-up may be required
Forward-starting swap volumes fail to surge, says Isda
Data shows users are not flocking to the product to avoid Sefs
Termination rights protocol due by end of September
But concerns remain about effects on resolution and capital requirements
EBA: Objections over WGMR rules not our fault
EU authorities claim hands are tied by WGMR proposals on non-cleared margin requirements
All change at SocGen's Russian arm
Two departures from senior management
Dale leaves Bank of England for BP, and other recent job news
Chief economist moves to oil giant
Divergent nexus rules threaten reporting chaos in Asia
Australia reporting rules differ from those in Hong Kong, Singapore
One trade a day is not a liquid market, Isda argues
Industry body says 15-40 trades per day should be rough benchmark of liquidity for Mifid
People: CFTC's O'Malia joins Isda
US regulator resigns to head derivatives industry group
Russia sanctions could trip up CDS markets, lawyers warn
New sanctions on specific companies could trigger CDSs and complicate settlement
Oesa: Europe little to learn from US clearing roll-out
US would have benefited from pragmatic European approach
Ex-CFTC commissioner joins US law firm, and other recent job news
Bart Chilton leaves CFTC for DLA Piper