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The European Securities and Markets Authority (ESMA) has clarified margin rules under the European Market Infrastructure Regulation (EMIR) in a new document, outlining the situations in which central counterparties (CCPs) may allow up to 100% collateral reductions for derivatives contracts.

The Dubai Gold and Commodities Exchange (DGCX) on Sunday announced the launch of a Shanghai Gold futures contract, increasing foreign investors' access to China's bullion market.

French finance minister Michel Sapin has warned British officials that London will lose its euro denominated derivatives business after leaving the European Union, saying that the bloc must be “masters” on rules that apply to its currency.

A German MEP reignited the explosive topic of London-based euro clearing on Tuesday, proclaiming that “EU citizens decide on their own money.” A move to force euro clearing to take place inside the eurozone could raise the cost of derivatives collateral and damage risk management, lawyers warned, as well as denting the City's position as a financial centre. Costas Mourselas and Jean Comte reports.

Regulators and market participants are increasingly concerned about the spikes in repo rates at the end of quarters and years. Last year finished with a particular squeeze in the European market — perhaps exacerbated by the huge fines faced by Deutsche and Credit Suisse last year.

Since its arrival 40 years ago, Morgan Stanley has been adopted by the UK investment banking industry as one of its own, writes David Rothnie.

German government-owned development bank KfW has entered into an agreement with Eurex Clearing that will see its euro denominated interest rate swaps cleared by the Frankfurt central counterparty.

Euronext spurned the London Stock Exchange Group (LSEG) on Monday by completing a preliminary agreement with Intercontinental Exchange (ICE) Clear Netherlands that will provide the European exchange's clearing services in commodity and financial derivatives for the next 10 years.

The European Securities and Markets Authority (ESMA) today issued regulatory technical standards (RTS) governing the scope of consolidated tape for derivatives and non-equity financial instruments.

The Basel Committee on Banking Supervision (BCBS) slammed global banks on Tuesday after it determined that only one had achieved full compliance with a set of principles aimed at improving risk data reporting.

The International Swaps and Derivatives Association and the International Islamic Financial Market have published a new credit support deed for Islamic hedging transactions, in response to new variation margin requirements.

The International Swaps and Derivatives Association (ISDA) and the International Islamic Financial Market (IIFM) have published a new credit support deed for Islamic hedging transactions in response to new variation margin requirements.