Custody risk
European CCPs overhaul futures margin models
Some clearing houses are pushing up margin requirements to address procyclicality concerns - but no change is planned at CME or Eurex
Many firms will not meet Emir reporting deadline, says Isda's Pickel
Market participants relying on regulatory forbearance, Isda chief executive tells legal conference
HSBC deregisters Asian arm as a swap dealer due to lack of US person trades
Unlikely that any Japan or Australia banks will follow suit
UK and EC clash over forex reporting exemption
The FCA and EC diverge over whether certain forex derivatives are subject to mandatory reporting
Shanghai Clearing House becomes fifth in Asia to start OTC clearing
First CNY interest rate swaps cleared in China
HSBC, RBS and SG to offer delegated reporting
The trio join five other banks in offering to report clients' trades to a trade repository on their behalf
Basel leverage ratio may force CSA restructuring
Cash collateral can only reduce derivatives exposure if it matches the currency of the underlying swap, threatening existing CSAs and even the new standard CSA
Pension funds call for clearing exemption extension
Funds cite inability to post non-cash variation margin as grounds for further relief
Industry welcomes footnote 513 no-action extension
Industry sources have welcomed CFTC decision to extend no-action relief for its non-US swap dealer requirements and to consult on definitions
Clarification needed on CCP close-out netting in India
Current netting statutes only apply to clearing members and not the CCP itself
HMRC excludes client clearing from UK bank levy
UK tax authorities exclude client collateral received as a result of clearing activities from bank levy, after complaints it would act as a disincentive to clearing
Japan dealers stop back-loading to CCPs due to de minimis uncertainty
CFTC rule potentially captures legacy trades novated to CCPs
FX clearing a priority for 2014, vows CLS chief
Working with banks and CCPs to facilitate central clearing of OTC forex options is 'high priority strategic initiative' for CLS this year, says chief executive David Puth
SGX becomes first Asian firm to be designated a derivatives clearing organisation
CFTC ruling comes a week after it granted qualified substituted compliance to three Asian regulatory regimes
Custody Risk European Awards 2013: Transfer Agent of the Year
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Custody Risk European Awards 2013: Asset Servicing Technology Vendor of the Year
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Custody Risk European Awards 2013: Post-trade Technology Vendor of the Year
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Custody Risk European Awards 2013: Fund Administrator of the Year – Luxembourg
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Australia to receive go-ahead for CFTC substituted compliance
Australian market will broadly be able to follow domestic rules to comply with Dodd-Frank
SMX purchase gives Ice two-year Asia advantage over rivals
Atlanta-based derivatives exchange Ice's decision to scoop up SMX gives the firm on-the-ground presence for clearing and trading in Asia
Australia dealers face Sef time zone issues
CFTC rule poses clearing challenges for dealers whose markets close before clearing operations in London open
Esma: No 90-day reporting delay for post-Emir trades
News will "come as a surprise" to market participants - and also the UK's FCA, which has misinterpreted Esma rules on its website
CFTC correct in row over US Treasury liquidity - Risk.net poll
A poll of Risk readers finds that 56% agree the CFTC should require CCP holdings of US Treasuries to be backed by committed liquidity facilities
Buy-side reporting concerns as February Emir deadline looms
Quotes of the quarter