Central counterparty (CCP)
Settling scores: industry pushes back on new penalties in settlement efficiency drive
Esma is asking for feedback on proposals that could see penalties for settlement fails increase by 25 times. But affected parties say adapting to the new system would be a technical upheaval and are calling for more structural reform.
Regulators & Cloud Providers: A Looming Battle?
Could the public cloud providers be in the regulators’ sights? Jo says the dawn of Big Tech Regulation is drawing near.
Safe as Houses
If you want the definition of a circular argument, talk to anyone involved with clearing about resilience and recovery. But more pernicious risks remain unaddressed.
Tech Releases Surge Ahead of Initial Margin Deadlines
The final phases of initial margin rules are expected to capture over the next two years more than 1,000 buy-side and sell-side firms, which technology providers see as potential customers.
Wavelength Podcast Episode 120: CCP Non-Default Losses
James and Anthony look at the main issues around CCP non-default losses, who should be responsible for these funds, and where this is all heading.
European Watchdogs Warn on Cyber, Cloud and CCPs
The bloc’s primary financial regulators say immediate work is needed to protect systems.
The EU and US Are Playing a Dangerous Game
Bickering between regulators rarely helps anything, but power plays involving CCPs are even less helpful.
CFTC Commissioners Lash Out at EC Clearing Proposals
The push to expand oversight of US CCPs is “a clear breach” of 2016 equivalence deal, Quintenz says.
Europe’s Mifid Monster Lurches to Life
January 3 went smoothly for many, but the launch of Europe's far-reaching reform package wasn't without problems.
Peeling Back European Regulations in 2018: What to Expect Next Year
Waters runs through the key facts you need to know about Mifid II, GDPR, BMR and Brexit.
CFTC Examining SEF Reform amid Europe Clearing Row
Chairman criticizes European Commission proposals for clearinghouse oversight.
CFTC Approves LedgerX Bitcoin CCP
Long-awaited ruling shows digital currencies are pushing for institutional-grade market structure
Icma Warns on Euro Clearing Relocation
Trade body says any forced move could increase risks and costs for derivatives users
The Bruxellian Job: Europe Targets London Clearinghouses
European regulators landed a body blow against the UK, but not all participants are convinced it will work
IBM Watson, Euro Clearing and Finastra: A Week in Review
John reviews some of last week’s top sell-side stories, including the European Commission’s proposals for new rules on the supervision of non-EU CCPs.
The Search For Identity
For OTC derivatives transactions, market participants seeing more challenges beyond just regulatory reporting demands
ESMA to Run Pan-European Stress Tests for CCPs
European central counterparties will be subjected to four tests on April 29
SIX Gets ESMA Approval For Clearing Operations
x-clear unit of SIX Securities Services to serve as central counterparty
OpenGamma, CloudMargin Partner on Portal for OTC Derivatives Clearing Mandate
OpenGamma partners with CloudMargin to deliver independent validation of initial margin of OTC trades.
Nasdaq Nordics Brings in LCH.Clearnet, SIX x-clear for Cash Equities Clearing
Central counterparties LCH.Clearnet and SIX x-clear to join EuroCCP in Nasdaq Nordic cash equities markets.
Diversification Key to Successful Clearing Mandate
Recovery and resolution plans may not be sufficient to mitigate systemic risk or the creation of 'too-big-to-fail' central counterparties.