.png){kind=logo}
GC Asia
-
EC grants clearing reprieve, urges firms to reduce UK exposure
The European Commission on Tuesday gave the derivatives clearing industry a lifeline by granting an 18 month equivalence decision that will allow European firms to keep using UK central counterparties (CCPs).
22 Sep 2020 -
DTO issue rumbles on as ISDA pushes for equivalence
As political tensions rise over the UK-EU trade negotiations, concerns in the derivatives market are growing as the lack of equivalence between trading venues causes jitters once again.
17 Sep 2020 -
CFTC report lays out radical measures to combat climate risk
The Commodity Futures and Trading Commission — the top derivatives regulator in the US — laid out the risk that climate change poses to financial stability in stark terms in a report it released on Wednesday.
10 Sep 2020 -
Financial services face weaponisation as Brexit tension rises
The tension between the EU and UK over Brexit ratcheted up this week, with the prospect of the UK reneging on the EU-UK Withdrawal Agreement rearing up. Rising political tension could now boil over into talks on financial services.
08 Sep 2020 -
Debt funds under scrutiny over redemptions
Market observers believe that investors in open-ended debt funds need to be disincentivised more than they are at present from scrambling to liquidate their holdings in a market downturn.
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 blames remote working for reg delay need
The European Securities and Markets Authority (ESMA) has said that making sure staff could work remotely hindered the ability of financial firms to work on regulatory and IT projects, in a final report calling for the implementation of a set of rules on settlement discipline — including on mandatory buy-ins — to be delayed until 2022.
01 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 -
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 -
US-EU trading venue deal could signal path to come for UK
A decision by the US Commodity Futures Trading Commission (CFTC) last week regarding European Union multilateral trading facilities (MTFs) and organised trading facilities (OTFs) could be a glum preview of the UK’s cross-border regulatory affairs.
30 Jul 2020
- HOME
- DERIVATIVES
- REGULATION & CLEARING
