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Election hedging up as traders face battle of fine margins

Traders across asset classes are beginning to position in size as the US presidential election approaches, with an expected tight run-off making it very hard to time the market.

03 Sep 2020
Phase five initial margin deadline passes with EU silent

Derivatives counterparties breathed easy in March when the Basel Committee on Banking Supervision and the International Organisation of Securities Commissions announced a year’s delay in the introduction of initial margin rules. But in Europe — with the deadline already passed — legal confirmation has still not appeared.

02 Sep 2020
ESMA chooses permanent CCP committee chair

Klaus Löber has been selected by the European Securities and Markets Authority as chair of its CCP supervisory committee. ESMA has also picked two other members; all three will be assessed by the European Parliament.

27 Aug 2020
Positive basis swap may not be enough to lure issuers to crowded euro mart

The euro/dollar cross-currency basis swap has moved back in favour of euro issuance for the first time in three months, but with a wall of euro supply looming, the favourable level may not be enough to entice issuers away from the dollar market.

14 Aug 2020
Clearing banks push FSB on skin in the game, cash calls

Some of the world’s top-tier financial institutions want changes in how central counterparty clearing house (CCP) resolutions are executed.

06 Aug 2020
Wild times continue for lira as currency hits record low

Turkey continued to teeter on the brink of a currency crisis this week, as the lira went on another rollercoaster ride and touched a record low.

06 Aug 2020
Ukraine makes second stab at FX futures

The Ukrainian Exchange is reviving its FX futures market, two years after authorities shut down its trading software system.

05 Aug 2020
Lira dip raises spectre of currency crisis for Turkey with banks in crosshairs

Falls in the Turkish lira have reignited concerns about a currency crisis this week, with the Central Bank of the Republic of Turkey’s (CBRT) unorthodox exchange rate policy raising questions from investors about the robustness of the country’s respected banking sector. Mariam Meskin and Ross Lancaster report.

30 Jul 2020
Turkey bond question rises as reserves dwindle

Despite the success of many emerging market sovereigns in issuing bonds in international markets this year, Turkey, typically a leading issuer, has been notable by its absence. And with its foreign exchange reserves running lower, the risks of it not being able to come to market at all could be mounting.

28 Jul 2020
Margin calls could increase regulatory scrutiny on CCPs

Central counterparty clearing houses (CCPs) could face increased attention and greater regulation after coming through the Covid-19 crisis in good shape, Fitch Ratings analysts said this week.

22 Jul 2020

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