Central counterparty
US dealers slam capital hit on clearing for unreal CVA risk
Fed would diverge from Basel standards by imposing CVA capital on client-cleared trades
HSBC, StanChart face capital hit on cleared renminbi trades
Lack of UK recognition for Shanghai Clearing House could prompt banks to reduce exposures
Futures aim to put a dent in FX swaps supremacy
Advent of margin rules sharpens appeal of exchange-traded instruments for buy-siders
CFTC rule change sparks dealer-client margin scuffle
FCMs fear “race to the bottom” as funds lobby dealers for lower margin status
SA-CCR switch clouded by confusion over netting sets
An effort by US regulators to incentivise the switch to SA-CCR may be having the opposite effect
Indonesia eyes netting changes to enable derivatives CCP
Central bank says legal amendments will pave way for locally cleared NDFs and interest rate swaps
LCH to launch non-deliverable options clearing
Clearing service will go live in Q4 for nine currency pairs
Big banks reproach CCP risk panels as resentment surfaces
Emotions simmer as major banks insist committees listen harder to clearing members, in wake of green light for bitcoin futures
Nasdaq default came at time of mass margin breaches
CCP's clearing members incurred 49 margin breaches as of end-September
LCH shakes up compression vendor fee structure
Proposals follow criticism that the current regime favours TriOptima
Evia: rising capital costs to encourage mergers in 2019
Trend of mergers and acquisitions in FX industry set to continue, says Alex McDonald
Day one of a no-deal Brexit: swaps and chaperones
Banks, platforms and repositories tee up EU entities – and dread the repapering crunch that would follow
SGX is launching FX futures solution
New feature lets market participants trade customisable FX futures contracts in an OTC fashion
CME FX Link to go live on March 25
CME is launching a new central limit order book allowing participants to trade OTC spot and FX futures via a single spread trade
Shift towards futures inevitable, says Greenwich
To address the cost pressures associated with regulation, both buy- and sell-side participants have started analysing the impact of adopting futures in their trading habits
Nex optimises post-trade OTC FX with direct clearing connectivity
By removing secondary matching, Nex optimises post-trade workflow and maximises benefits of clearing
CME to go live with triangulation and monthly FX futures
Triangulation will link futures, and both volatility- and premium-quoted options markets on February 27
EU and US reach CCP recognition deal
US counterparties will be able to continue providing services to European market participants
Esma kicks off NDF-clearing consultation
Timeline for implementation still vague, with options clearing also lagging
Access to collateral may prove problematic
Academic study warns of ‘immoblised’ inventories
BoE's Carney: liquidity support for CCPs a 'last-resort option'
BoE governor insists clearing houses must have enough liquidity to cope with default of two big member firms