Regulation & Clearing

  • Backlash against short selling ban grows

    Backlash against short selling ban grows

    A financial industry fightback against bans on short selling by some jurisdictions is picking up pace, as lobbyists argued against the restrictions this week.

  • US gives sweet SA-CCR relief

    US gives sweet SA-CCR relief

    US market participants’ can now use their preferred method of calculating counterparty credit risk (CCR) for derivatives, after US regulators brought the adoption of SA-CCR forward.

  • Derivatives industry pushes for IM relief amid uncertainty

    Derivatives industry pushes for IM relief amid uncertainty

    Financial market trade associations are pushing regulators to give relief on incoming regulatory requirements on initial margin, pleading that the coronavirus is causing too much disruption to their members’ business lines.

  • FCA stands firm on Libor transition deadline

    FCA stands firm on Libor transition deadline

    After discussions with the Bank of England and the Sterling Risk-Free Reference Rates Working Group over the impact of Covid-19 on companies’ plans to transition from Libor, the UK’s Financial Conduct Authority said on Wednesday that the final deadline of the end of 2021 was immutable.

  • Prop traders plead for faster SACCR amid options stress

    Prop traders plead for faster SACCR amid options stress

    Proprietary trading firms, dealing with swollen options supply, are pleading for regulators to hurry along changes to counterparty credit risk calculations (SACCR) that in their present form are threatening their ability to make markets.

  • Bridgewater unwinds European shorts, other speculators attack bans

    Bridgewater unwinds European shorts, other speculators attack bans

    Prominent short sellers have criticised European financial regulators’ clampdown on short selling as being counterproductive. Meanwhile, US hedge fund Bridgewater Associates has been unwinding its multibillion short positions in European stocks, after price falls across indices on the continent in recent days.

  • CFTC slashes work from home rules but UK tinkers

    CFTC slashes work from home rules but UK tinkers

    The US Commodity Futures Trading Commission gave market participants adapting to working from home some relief late on Tuesday, with sweeping no-action relief on voice recording requirements. The UK’s Financial Conduct Authority hasn’t gone so far, but has offered firms some flexibility.

  • Trade bodies warn of CFTC capital rules effects on swaps

    Trade bodies warn of CFTC capital rules effects on swaps

    Financial industry lobbyists have told the US Commodity Futures Trading Commission (CFTC) that its proposed revisions to swap dealers’ and major swap participants’ capital requirements will have “a significant negative impact on the US swaps market”.

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