Central counterparty (CCP)
South Korean Government Approves Central Clearing
The South Korean Financial Services Commission (FSC) has announced that central counterparty clearing houses (CCPs) will be mandated for certain over-the-counter (OTC) derivatives transactions.
Polish CCP Signs First Member
Polish central counterparty clearing house (CCP) KDPW_CCP has announced that Raiffeisen Bank Polska SA has become its first member, ahead of European regulations governing the trading of over-the-counter (OTC) derivatives.
HSBC Exec: "Regulations Require 10 New Data Types"
Chris Johnson of HSBC Securities Services has identified 10 new types of data that will be required by upcoming regulations and says firms must start asking vendors for the data so they will have business cases to create appropriate products
Eurex Launches CCP for Bilateral Securities Lending
Eurex Clearing is set to establish the first European central counterparty (CCP) for the bilateral securities lending market, the company has announced.
Infrastructure Ready for OTC Reforms, FSB Reports
The Financial Stability Board (FSB) has released its latest report on readiness for meeting Group of Twenty (G20) mandate for the reform of over-the-counter (OTC) derivatives trading.
Bats Chi-X CEO Argues for Simplified European Clearing
Mark Hemsley, CEO of pan-European exchange operator Bats Chi-X, says he doubts the London Stock Exchange's (LSE’s) ability to overturn a perceived lack of interoperability within LCH.Clearnet, once the LSE's protracted majority acquisition of the…
The Center Ground: CCPs Could Shift—Not Eliminate—Systemic Risk
On July 4, 2012, the Council of the European Union adopted a regulation that will see standardized derivatives contracts in Europe cleared through central counterparties. Designed to reduce systemic risk in the over-the-counter derivatives markets, how…
Fear and Loathing in London
There have been notable industry tech failures recently, but what about the regulators?
European Council Adopts Derivatives Rules
CCP clearing and trade repository reporting ratified by supranational body.