Dodd-Frank

Skin in the game at CCPs

The announcement by Intercontinental Exchange (ICE) that it is to infuse a chunk of its own capital into some of its default funds across the world is welcome news as a growing percentage of the notional $700 trillion over-the-counter (OTC) derivatives market is pushed onto centralised clearing houses (CCPs) as mandated under the Dodd-Frank Act in the US and the European Market Infrastructure Regulation (EMIR).

Posted on: 19 Mar, 2015
Posted in: Feature

European regulators advise CCPs to review their TLAC processes

The European Commission and other global regulators are assessing the options by which to deal with the failure of a central counterparty clearing house (CCP).

Posted on: 04 Dec, 2014
Posted in: Operational Risk

Institutional investors increasingly launching operational platforms for hedge funds

An increasing number of institutional investors are building internal operational platforms or umbrella platforms for emerging portfolio managers to leverage upon.

Posted on: 14 Nov, 2014
Posted in: Investors

Buy-side warn on suspension of early termination rights for swaps

Industry associations including the Managed Funds Association (MFA) and the Alternative Investment Management Association (AIMA) have sent a letter to the Financial Stability Board (FSB) expressing concern about the potential suspension of counter

Posted on: 06 Nov, 2014
Posted in: Investors

Asset owners taking holistic approach to collateral management

Asset owners are increasingly taking a holistic approach to their collateral management processes as a result of their growing retreat from securities lending coupled with the migration of over-the-counter (OTC) derivatives instruments into centra

Posted on: 29 Oct, 2014
Posted in: Investors

Regulators must take preventative not reactive approach to mitigate CCP failures

Global regulators and financial institutions should focus on preventative rather than reactive measures to mitigate the knock-on effects of a central counterparty clearing house (CCP) running into difficulty if one of its clearing members defaults

Posted on: 16 Oct, 2014
Posted in: Regulation

Clearing members increasingly reporting under EMIR for buy-side clients

Clearing members are increasingly reporting over-the-counter (OTC) and exchange traded derivatives (ETDs) to trade repositories under the European Market Infrastructure Regulation (EMIR) on behalf of their buy-s

Posted on: 05 Sep, 2014
Posted in: Regulation

IBOR could help avert a collateral squeeze

Buy-side firms have been urged to embrace the Investment Book of Record (IBOR), a single source of portfolio calculations across asset classes, if they are to avoid a potential collateral squeeze once the mandatory clearing of over-the-counter (OT

Posted on: 01 Sep, 2014
Posted in: Technology

DTCC launches client data and documentation utility

The Depository Trust & Clearing Corporation (DTCC) has launched a utility to centralise the client data and documents of financial institutions including those of fund managers.

Posted on: 31 Jul, 2014
Posted in: Launches

Citi paper warns hedge funds on collateral management and rising financing costs

Hedge funds must optimise the way in which they manage their collateral following reforms of the over-the-counter (OTC) derivatives markets while the cost of financing is going to rise exponentially in light of Basel III capital requirements, a ne

Posted on: 01 Jul, 2014
Posted in: Prime Brokerage

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