Clearing
Nomura reviews viability of swaps clearing business
OTC clearing service in Europe and US may face the chop
US vs EU CCP scrap may be settled by margin study
Isda AGM: analysis aims to end wrangle over merits of 1-day and 2-day margin rules
EC calls for more time to vet foreign CCP oversight
Third extension "necessary and proportionate", says EC internal document
Ice considers moving Brent contract to avoid EU margin hike
Ice says move is “not an outcome we want to see” but Emir margin could drive users away
Equity swaps clearing plans divide industry
Moves by CCPs to clear equity swaps leave market deeply divided
CCPs urged to coordinate on default management
Regulators may need to provide a framework for CCP interaction
In-depth introduction: Clearing incentives
Price hikes at Goldman Sachs show how much pressure FCMs are under
Nouy: Europe should keep 3% leverage ratio
SSM chair also wants to end rule opt-outs that make banks "look stronger than they really are"
High KRX clearing fees driving won swaps offshore: Bank of Korea
Central bank says dealers are moving trades offshore to avoid KRX's high cost
China's clearing and reporting regimes being built bottom-up
But reported problems include disclosure of state secrets stopping US trading
Unclear incentives: do capital and margin rules support CCPs?
Regulators see incentives to use cleared swaps; critics claim analysis is flawed
EBA warns banks to correct pension fund CVA ‘mistake’
Clearing test has to be met for CVA safe harbour to apply, lawyers say
CCPs raise alarm on South African OTC reform
Push for CCPs to establish domestic presence riles LCH and CME
Pension funds sign hedge-only agreements with banks
Cardano and PGGM promise not to give banks speculative trades
Calypso Technology: No FCM, no problem
Ex-RBS clearing head maps out a world without FCMs
Metals traders shun clearing due to Emir, says LME chief
Emir segregated accounts pushing firms to trade OTC, says Jones
Banks blame regulation for FCA's clearing worries
UK regulator warns client clearing could become a “missing market” but defers study
JP Morgan warns on swaps clearing
Bank says client clearing returns are "incompatible" with current capital rules
Call for user-owned utilities to lower central clearing cost
But monopoly or duopoly inefficient, BNY Mellon says
Clearing houses face privacy law concerns
US reporting requirements could force CCPs to break national privacy laws
UBS takes Sfr4.2bn of client collateral off balance sheet
Accounting change cuts futures clearing leverage exposure
Massad backs leverage ratio changes
CFTC chairman “very concerned” about negative impact on clearing
Traiana drama culminates in CEO’s exit
Senior executives butted heads, but CMO ousts CEO in latest twist
House committee calls on Fed to change leverage ratio
US politicians argue "unwarranted" capital burden will hike end-user costs