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  1. Softer NSFR may not save repo, banks warn

    However, the opposite repo trade with a non-bank financial institution receives a 0% ASF. Dealers are warning repo businesses will struggle to comply with new international rules on bank funding, even after regulators softened their stance.

  2. Buy side attacks Isda early termination protocol

    The protocol enables signatories to opt into the resolution regime governing one or other of the counterparties to a trade, and agree to surrender termination rights for 24 or 48 hours while authorities try to revive the insolvent dealer.

  3. Smart beta indexes gain currency with Asian investors

    When a merger is announced, the shares of the target company can often trade at a discount to the proposed terms. Indeed, independence of provider has become a higher priority after investor suspicion about bank proprietary indexes was exacerbated...

  4. New frontloading flap over €8bn clearing threshold

    One part of the organisation might know the entire entity should be in scope, but they've got to have that ratified, signed off and then communicated to the people you want to trade with. In the meantime, the International Swaps and Derivatives...

  5. US bilateral margin rules: a hit parade of horrors

    Cash callIn another divergence from the international standards, the US proposals limit eligible variation margin to cash in US dollars or the currency in which the trade is settled, unlike the EU rules, which allow for 18 variations.

  6. Industry confronts hard choices in CCP recovery debate

    Reaction from many market participants has focused on the trade-off between staving off comprehensive recovery methods, such as forced tear-ups, versus the inevitable rise in clearing fees that would result if CCPs were required to double the...

  7. Conflict of interest: banks call for unity on Eonia

    For a trade governed by a regular CSA in a positive rate environment, a collateral poster receives interest on the cash variation margin it posts to its counterparty. The bigger issue is whether some market participants decide to revalue portfolios...

  8. Japan FSA: cross-border recognition process too slow

    Speaking at the World Federation of Exchanges conference in Seoul today, Kono said that while significant progress has been made in home markets with respect to implementing regulations relating to over-the-counter derivatives clearing and trade...

  9. 'Revolving door' unique to financial regulators

    Rosa Abrantes-Metz, adjunct associate professor of economics at New York University, who in the past served as an economist at the Federal Trade Commission, says she is unsurprised by the data. Directly comparing the movement of top management in...

  10. Shanghai RMB crude contract faces margin and legal hurdles

    China first proposed launching its own crude oil futures contract as early as 2012 but it was delayed and in May this year an official from the China Securities Regulatory Commission (CSRC) said the contract would instead be launching in the...

    Published
  11. Deadline looms for Isda group on resolution protocol

    These regimes include mandatory stays, but would only apply to a trade if both counterparties were subject to the law. While parties to a trade can ask to unwind at any point, they do not have a right to do so until the point of default, he says...

  12. Industry picks holes in BCR proposals

    In the absence of a clear definition of purpose behind the measure, insurers, trade associations and regulators have directed their attention to the technical minutiae of the IAIS’s current proposal. Trade association Insurance Europe even goes so...

  13. Mifid II doomsday awaits energy firms, conference told

    We trade all of those. Marc Cornelius, compliance officer for Europe at Shell International Trading a unit of oil major Shell – previously worked at the UK Financial Services Authority (FSA), where he was responsible for negotiating the first...

  14. Google's Patrick Thomas Talks Controversial Content Ahead of SES San Francisco Keynote

    Prior to joining Google, I was a senior trade policy advisor at the British Embassy. In that role, I worked with legislators, government officials, and non-governmental organizations to advance an open trade agenda to improve global economic growth...

  15. Google, Yahoo, Facebook, Microsoft Urge 'Greater Transparency' in PRISM Letter

    Today, we are proud to join dozens of our partners across the tech industry, civil society organizations, and trade associations to urge greater transparency by the U.S.government regarding national security demands for our users' information.

  16. Google Seeks Ban on iPhone, iPad in Patent Lawsuit

    International Trade Commission (ITC) on Friday, according to Bloomberg. Google's Motorola Mobility division has filed a patent infringement claim against Apple over the Siri voice control and location-based services used on iPhones and iPads.