The ESA recently published a consultation paper on the draft RTS on risk-mitigation techniques for non-cleared OTC derivatives. Michael Beaton of DRS explains the main elements of this new consultation paper including the proposed requirements for counterparty risk management procedures, margin methods, collateral eligibility and related operational procedures.
Singapore: A Balancing Act of Local vs. Global
A look at the challenges Singapore faces as they work to support CCP clearing and trade reporting requirements amidst regulatory market uncertainty with extraterritorial reach of global regulation