Over-the-counter (OTC) derivatives
Firms face heightened op risk while implementing US CCP rules
Through a glass darkly
OTC markets stagnated in 2010, BIS says
Notional volumes record modest growth in late 2010 after falling in first half of the year
Trend towards in-house clearing could increase fees and admin
The LME is the latest exchange considering whether to build its own clearing business. If the trend continues, banks could face more fees and administration
UK government backs expansion of Emir
Treasury minister Mark Hoban says listed markets should not be exempt from Emir's access and competition rules
Arguments against forex clearing flawed, says Duffie
Foreign exchange forwards and swaps should be cleared under Dodd-Frank despite industry reservations
Japan’s nuclear woes alter dynamics for Asian commodity derivatives
Nuclear woes fuel coal
Small Asian companies exposed to commodity derivatives margin calls
Meeting the calls
Commodity exchanges in Asia push for local liquidity
The liquid house rules
US structurer of the year
US structurer of the year
Shift to clearing presents CCP system challenges
A clear challenge
CFTC regulators favour extending Dodd-Frank comment period
CFTC cost and timing concerns continue; FTRs and commodity forwards exempted from swaps definition
Isda AGM: 2011 Margin Survey shows decrease in collateral agreements
Survey released today in Prague also shows increases in portfolio reconciliation
Isda AGM: Esma committed to G-20 clearing deadline, says Maijoor
New authority will conduct cost-benefit analysis to decide which derivatives should be cleared - but G-20 deadline is not negotiable, says Esma chair in first public speech
Isda AGM: regulators must work together to avoid fragmented market, warns Credit Suisse’s Rohner
Institutions will be weaker and markets will be riskier if new rules vary between jurisdictions, Credit Suisse vice-chair warns
Isda raises concerns over Russian netting laws
Despite the challenges involved, banks and brokers are excited by the progress being made to open up the Russian market
Risk Europe: More clearing members preferable, say buy-side panellists
A wider universe of clearing members could help reduce risk, say buy-side representatives – who add they would consider joining
Risk Europe: Expanding the scope of Emir needs careful consideration, says Pearson
A Council of the European Union proposal to expand the scope of new European market infrastructure regulation to include exchange-traded derivatives should be carefully thought through, says the EC’s Patrick Pearson
Collateral management: Firms face up to regulatory challenge
Balancing the books
Algorithmic trading in energy
The hare and the tortoise
EU Council questions Esma’s power to determine clearing eligibility
Legal precedent suggests European Commission might have to determine which contracts should be cleared under new derivatives rules, rather than Esma as originally planned
Funding and pricing OTC derivatives proves treacherous in Australia
Treacherous path ahead
OpRisk North America: Moving OTC trades onto CCPs will increase op risks
Moving OTC trades onto CCPs will increase op risks
European politicians row over scope of Emir
Challenging Emir
Polish OTC clearer aims for 2012 launch as Europe fragments
Another central counterparty plans to launch in Europe, starting with zloty-denominated interest rate swaps