Over-the-counter (OTC) derivatives
Mifid II transparency rules shake up bank commodity desks
Role of voice set to dwindle, while e-trading sparks worries of predatory algos
Basel plans would weaken leverage ratio
Adoption of 'risk-sensitive' SA-CCR will allow more leverage, argues FDIC vice-chair
Banks push e-trading of OTC energy derivatives
Goldman, JP Morgan and SG lead race to add oil and gas to single-dealer platforms
Industry calls for US Simm model approval guidance
Isda AGM: US banks in the dark over uncleared initial margin model approvals
Blockchain faces obstacles in uncleared swap market
Isda AGM: Technology may have applications but will take time to gain market's confidence
Standardisation ‘a must’ for uncleared swaps
Isda AGM: Standard products and contracts key to product's future, say trading execs
Isda chair on twin threats facing OTC market
Capital a “sword of Damocles”, says Litvack; cleaner CSAs will fix valuation woes
End-users shun ‘broken’ US swap market
Negative swap spreads forcing hedgers to look for alternative instruments
European dealers wrestle with corporate CVA changes
Banks say prices already diverging; CDS market could be impacted
Benchmark reform could hit cross-currency basis
Traders criticise fragmented development of new risk-free rates
Some European banks pricing in Pillar 2 CVA charge
But three dealers say it is too early to know whether corporate CVA exemption will be removed
Libor reform: the sound of silence
Moves to push swaps off Libor have generated surprisingly little noise
KVA pushes accounting standards to the limit
Radical changes needed if banks are to account for cost of capital
Dealer algos strike back in swaps market showdown
Auto-quoting starting to take root as incumbents try to keep pace with Citadel
EU's foreign benchmark equivalence rules under fire
Critics fear repeat of CCP approvals saga
Risk solutions house of the year: Goldman Sachs
US bank restructured huge Swiss franc swap during market turmoil
Massad: let market decide what it wants from Sefs
Voice v electronic execution decision left to market participants
CFTC takes steps to clean up ‘garbage’ swaps data
Market participants frustrated at attempts to further standardise swaps in data reporting proposals
Banks pitch flexible ‘sunset CSAs’ for pension funds, insurers
New-style contracts allow clients to post government bonds as swap collateral until clearing exemption ends
Singapore rates benchmark error causes CCP split
Refixing in March led to price difference between LCH and SGX
Few commodity traders saw improved liquidity in 2015 – poll
Three-quarters say OTC liquidity held steady or fell last year, while 25% saw gains
Aggregators accuse Sefs of unfair pricing
Bloomberg and Tradeweb charge 'unreasonable’ connectivity fees, two platforms claim
Proposed margin rule to hurt global banks’ trades with China
Industry dislikes HKMA rule on initial margin for uncleared trades with non-netting countries
US margin rules threaten clearing bottleneck
Fed estimates $2.5 billion annual cost of funding margin on bilateral trades