ESAs Consult on Amendments to Joint EMIR Standards
The European Supervisory Authorities Authority (ESAs) recently launched two joint consultations to amend Regulatory Technical Standards (RTS)…
Clearing
DerivSource provides industry analysis, expert Q&As and commentary articles on derivatives clearing, FCM clearing including news related to derivatives clearing organizations and clearing houses (CCPs). Common themes covered include regulatory change, such as EMIR, innovations in clearing services related to collateral management, margin management, netting, and risk for cleared derivatives and any trends that impact market participants on the buy side including pension funds, corporates, and asset managers.
MAS Requires OTC Derivatives to be Centrally Cleared to Mitigate Systemic Risk
The Monetary Authority of Singapore (MAS) will introduce regulations to require over-the-counter (OTC) derivatives to be cleared…
OTC Clear Expands its Services to USD/HKD Cross Currency Swaps and Extends Clearable Tenors of HKD Interest Rate and Basis Swaps to 15 Years
OTC Clearing Hong Kong Limited (OTC Clear), a subsidiary of Hong Kong Exchanges and Clearing Limited (HKEX)…
LCH clears first non-deliverable interest rate swaps
Clearing for Chinese Yuan, Korean Won and Indian Rupee-denominated non-deliverable interest rate swaps. J.P. Morgan and Standard…
Intercontinental Exchange Announces Transition of Credit Default Swap Open Interest from CME Group to ICE Clear Credit; Launches CDX Clearing at ICE Clear Europe
Intercontinental Exchange (NYSE: ICE), a leading operator of global exchanges and clearing houses and provider of data…
APEX to Launch New Customized Clearing System Provided by Cinnober
The technology firm’s end-to-end post-trade solution to be used by derivatives exchange in Singapore Asia Pacific Exchange…
CCP Clearing & Pension Fund Schemes – the Exemption, Other Solutions & Uncertainty
In a Q&A with Caroline Escott, investment and defined benefits policy lead at the Pension and Lifetime…
CFTC Staff Extends Time-Limited No-Action Relief for Entities Submitting Swaps for Clearing with Derivatives Clearing Organizations Acting Under Exemptive Orders or No-Action Relief
The Commodity Futures Trading Commission’s (CFTC) Division of Market Oversight (Division) has announced the extension of time-limited…
LCH’s EquityClear Welcomes Cecabank as First Spanish Clearing Member
Cecabank extends existing LCH Limited membership to include equities clearing · Builds on LCH Limited’s pan-European equities…
The European Parliament Throws Down the Gauntlet in the Euro Clearing Debate
Lynn Strongin Dodds gives a progress report on one of the most contentious issues of the Brexit…