Clearing members
Who will be the dummy in CCP crash-tests?
Clearing houses, banks and regulators could all be caught in the wreckage
CCP stress-test rifts emerge as review gets underway
Banks, clearing houses and regulators all divided on question of standardised tests
No quick fix to leverage ratio stance on margin, banks told
Regulators to address capital hit via standard on segregation – but not before 2017
New clearing casualty as BNPP's Dixon departs
French bank, JP Morgan and Nomura have all lost senior clearing execs in past month
CME-LCH basis affecting choice of venue, say buy-siders
Pimco: price gap is now “material”; Eaton Vance says lowest cost is key factor
Nomura reviews viability of swaps clearing business
OTC clearing service in Europe and US may face the chop
In-depth introduction: Clearing incentives
Price hikes at Goldman Sachs show how much pressure FCMs are under
Goldman hikes clearing fees by 75bp as leverage ratio bites
New fee structure amounts to a fourfold increase in some cases
Unclear incentives: do capital and margin rules support CCPs?
Regulators see incentives to use cleared swaps; critics claim analysis is flawed
Basel will address leverage ratio threat to clearing
FAQ document to tackle treatment of segregated initial margin
Top five US swaps clearers have 73% of the business
Full year of clearing data highlights market's reliance on handful of banks
SunGard unveils clearing utility as FCM exit fears grow
Barclays is first client for service that promises 20% savings for FCMs
Calypso Technology: No FCM, no problem
Ex-RBS clearing head maps out a world without FCMs
Banks blame regulation for FCA's clearing worries
UK regulator warns client clearing could become a “missing market” but defers study
House committee calls on Fed to change leverage ratio
US politicians argue "unwarranted" capital burden will hike end-user costs
Wells Fargo: clear ambition
Low leverage gives clearing newcomer a chance to expand
CCPs criticise JP Morgan clearing white paper
CME, Eurex, LCH.Clearnet: no need for new loss funds or more CCP capital
LCH and CME have enough capital, says Isda's O'Connor
Isda chair's comments at odds with industry calls for bigger CCP capital cushions
LCH payments system raises concentration concerns
Most cash payments to the CCP routed via just two banks, sources claim
EU clearing timeline could drive banks out of the business
Banks say they will not hit revenue targets if Esma deadline is endorsed
Retreating FCMs spark systemic risk fears
There may not be enough banks to handle rising cleared swap volumes
Eurex calls for capital relief on segregated accounts
If positions can be ported easily, clearing members should not be on the hook
Basel exposure limits raise questions for client clearing
CCP exposures not in scope of new regime, but clearing members are
SGX proposes to remove unlimited liability for CCP clearing fund
Singapore CCP looks to strengthen its risk management approach