Latest regulation & clearing news

  • Law firms redraw the battle lines as variation margin rules drive RFPs

    The fast approaching March 1 roll out of variation margin rules for uncleared derivatives has prompted an overhaul of battle plans at major law firms, which are increasingly pairing up with technology companies, low-cost legal services firms and other financial services providers as competition mounts to secure big mandates from banks.

    • 26 Oct 2016
  • Equivalence warning as Carney touts 'global template'

    The UK should not rely too heavily on EU law ‘equivalence’ preserving its dominance as a financial centre, lawyers have warned, after Bank of England governor Mark Carney suggested that use of the concept in Brexit negotiations could provide a template for a global regulatory system.

    • 25 Oct 2016
  • When the repo calls: Margin rules will bring more reg risk

    The coming market rush to comply with margin rules on uncleared swaps will be a big challenge in itself, but regulators need to think hard about the unintended repo risks they are creating by requiring collateral building at breakneck speed.

    • 18 Oct 2016
  • Small firms shut out by derivs reg drive, finds ISDA

    Rising costs for derivatives clearing and difficulties gaining access to dealers present a mounting challenge for small end users in the US and Europe, some of which may have to find other means to hedge risk, a study by the International Swaps and Derivatives Association has found.

    • 17 Oct 2016
  • CFTC cross-border rules only a first step, say lawyers

    Rules proposed by the US Commodity Futures Trading Commission this week on cross-border swap trading are a good first step, according to lawyers, but more clarity is needed on how Dodd-Frank requirements will apply.

    • 14 Oct 2016
  • Icap expands reporting push with Abide acquisition

    Icap has bought Abide Financial, a global regulatory reporting specialist.

    • 14 Oct 2016
  • Clearing frenzy as EU fast-tracks swaps margin rules

    The acceleration of Europe’s push to impose margin on uncleared derivatives trades has galvanised big banks to ramp up clearing across products as they face a tighter deadline to comply than expected. The European Council’s timeline for approving the rules makes a January rollout likely, writes Dan Alderson.

    • 13 Oct 2016
  • ESMA schedules benchmarks hearing

    The European Securities and Markets Authority (ESMA) is to hold an open hearing on its plans to introduce an industry benchmarks regulation, having recently published draft technical standards.

    • 12 Oct 2016
  • Tight deadline as EU fast-tracks margin rules

    The European Parliament will fast-track its approval of margin rules for uncleared swaps, adding certainty to the deadline for implementation but also accelerating the workload for the first wave of major banks that will need to comply.

    • 11 Oct 2016
  • RMB round-up: Shenzhen Connect updates, Clearstream joins with MRF, China is 'no currency manipulator'

    The Chinese Golden Week holidays meant not a lot was going in China, but there was still plenty of renminbi news occurring in the rest of the world. In this round-up, more updates on Shenzhen Connect rules, China-domiciled funds land on Clearstream, and Fred Bergsten says China is not a currency manipulator. Plus, a recap of our coverage this week.

    • 07 Oct 2016

Regulation & clearing news archive

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 24 Oct 2016
1 JPMorgan 317,793.98 1355 8.72%
2 Citi 301,114.13 1092 8.26%
3 Barclays 259,580.63 846 7.12%
4 Bank of America Merrill Lynch 258,842.43 934 7.10%
5 HSBC 224,273.23 905 6.15%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 25 Oct 2016
1 JPMorgan 32,854.00 58 6.73%
2 BNP Paribas 31,678.29 142 6.49%
3 UniCredit 31,604.22 138 6.47%
4 HSBC 25,798.87 114 5.29%
5 ING 21,769.65 121 4.46%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 25 Oct 2016
1 JPMorgan 14,633.71 80 10.23%
2 Goldman Sachs 11,731.14 63 8.20%
3 Morgan Stanley 9,435.23 48 6.60%
4 Bank of America Merrill Lynch 9,229.95 42 6.45%
5 UBS 8,781.68 42 6.14%