The securities company is the first non-bank financial institution to join CLS in South Korea
Sell-side players aim to weed out bad actors before wrongdoing
Firms join forces to tackle rising demand for swaps clearing
As Western dealers aim to reduce exposure to the sanctions-hit country
Basel Committee addresses long-standing complaints over default fund exposures and client clearing
Dealers face pricing headache as they wait to see whether Europe's version of Basel III will exempt corporate customers from the CVA capital charge
LCH.Clearnet's re-launched CDS clearing service adopts a loss-sharing mechanism - in line with a "last gasp of breath" approach outlined in an Isda letter to the Bank of England
Absence of a standard approach is stifling attempts to value termination clauses, dealers complain
A number of banks are considering securitisations of their counterparty credit exposures, as they look to get their balance sheets in shape ahead of new Basel capital charges.
While US regulators consult the industry over the exemption of foreign exchange products, the systemic risks and increasing costs of using central counterparty (CCP) clearers continue to be highlighted.
Efforts by Isda and international banks to get Asian counterparties to use portfolio reconciliation services for OTC derivatives are starting to pay off
NEW YORK - Proposed rules to limit leverage on margin FX trading accounts at retail forex brokers will have the unintended consequence of increasing counterparty risk, according to Josh Levy, managing director at Tactical Asset Management.
The onset of the financial crisis spurred banks to charge for counterparty credit risk in their forex dealings. But how to do that is proving theoretically and practically challenging. By John Ferry
The exclusion of European Union institutions from a technical working group set up to review risk management standards for central counterparties (CCPs) could make it difficult for the EU to reflect those standards in its forthcoming legislation on over-the-counter...
CCIL forwards clearing initiative sees slow take-up
China derivatives market regresses on documentation standardisation
At the time of going to press, decisions on the future of the foreign exchange markets was still hanging in the balance, as regulators in the US debated the inclusion of forex swaps and forwards into the over-the-counter derivatives reforms.
Reform proposal due this month
Saima Farooqi asks how likely it is that fx swaps and forwards will be swept up in the OTC derivatives reforms.
The changing paradigm of the foreign exchange markets might create a new set of pressure points for the industry that need to be addressed, warned delegates at the FX Week Asia congress in Singapore last Tuesday.