More Counterparty risk articles

UBS: FX CCPs will be “too big to fail”

Foreign exchange central counterparties (CCPs) will automatically be “too big to fail” because the consequences of failure are too terrible, according to Huw Evans, managing director and chief operating officer of FX at UBS.

Foreign Exchange | 17 Jan 2011

ICICI clears and settles first gold contract on SMX

Singapore Mercantile Exchange (SMX) said the Singapore branch of India’s ICICI Bank began clearing and settling trade activities for SMX with its first trade cleared on December 30, 2010 for the SMX Singapore-deliverable gold futures contract....

Clearing and settlement | 13 Jan 2011

Isda pushes back on CCP ownership caps

US derivatives industry lobbyists are pushing back at proposals by the US government to resurrect and expand the Lynch amendment, which would have imposed limits on dealer ownership of derivatives clearing houses.

Regulation | 12 Jan 2011
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HKEx moves to introduce margins for cash clearing members

HKEx plans to beef up its risk management following the bankruptcy of Lehman Brothers in September 2008 by introducing margin rules and seeking more funds from cash clearing members. The move would bring cash clearing more in line with existing...

Clearing and settlement | 12 Jan 2011
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CFTC proposal sparks scrap over CCP membership

CFTC proposes a $50 million cap on minimum capital requirements set by CCPs for clearing membership

Clearing and settlement | 10 Jan 2011
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A call for closure

Indications of the multiplicity of challenges that central clearing will introduce to the forex markets came thick and fast at the FX Week Europe congress in London last Tuesday (November 16).

Regulation | 22 Nov 2010
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Asia Risk Congress 2010: Asian banks prepare for national clearing houses

Several Asian nations could compel their banks to clear swaps in-country - others seek to join foreign CCPs on special terms

Clearing and settlement | 17 Nov 2010
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