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Regulation

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  • Market officials are concerned legislation introduced last Thursday, designed to overhaul the government-sponsored enterprises, does not offer enough change to gain approval.
  • More potential divergence between U.S. and EU regulatory reforms affecting securitization has been flagged up by structured finance professionals on both sides of the Atlantic.
  • The Securities and Exchange Board of India has pushed back the deadline from May 7 to August 7 for more detailed foreign institutional investors reporting on offshore derivatives and participatory notes written on Indian underlyings.
  • Andrew Lamb is ceo of CME Clearing Europe in London, with responsibilities including having oversight of the clearinghouse’s risk management and its day-to-day operations. He spoke to Senior Reporter Olivia Thetgyi on the clearinghouse’s plans to develop its business in the region and regulatory developments in the E.U.
  • CME Group is looking to cross-margin between its U.S. and European clearinghouses, allowing offsetting positions to reduce margins for clearing firms.
  • A Swiss Financial Market Supervisory Authority idea to amend civil law to increase investor protections has structured product issuers in Switzerland up in arms.