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  1. "Europeans are the problem" in CCP oversight standoff

    Supervision in four jurisdictions – Australia, Hong Kong, Japan and Singapore – was approved late last month. The decision means at least 11 clearing houses in those jurisdictions can apply for full qualifying CCP (QCCP) status with the European...

  2. Financial crime body tightens rules on company ownership

    The detailed guidance from the FATF, the international standards body for combating money laundering and terrorism financing, sets out how countries can identify illegal corporate arrangements in their jurisdictions.

  3. New frontloading flap over €8bn clearing threshold

    We're not just talking about EU clients here; we're talking about the US, Japan, and any number of other jurisdictions. Dealers are urgently seeking changes to the final draft of Europe's proposed clearing mandate for interest rate swaps amid fears...

  4. UBS offers bankruptcy remoteness and white-labelling twist

    In all other jurisdictions, you would need to create a fund to do this," says Grob. UBS is active across all major geographies and covers the full product set. In addition to classic retail, we have expanded our corporate derivatives capabilities...

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

    The US prudential regulators acknowledge this in their proposals, noting "amounts that are denominated in different currencies in different jurisdictions may fluctuate relative to one another due to changes in exchange rates".

  6. Industry confronts hard choices in CCP recovery debate

    Some lawyers even claim some kind of state intervention is mooted in the FSB report, which says: "Jurisdictions should have in place appropriate arrangements and powers to provide temporary funding to facilitate resolution and to recover any...

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

    One cannot deny that notable progress has been made in implementing new rules and regulations in the major jurisdictions but this progress, in my view, is not matched by sufficient development in resolving cross-border issues and this poses real...

  8. CCP resolution guidelines ‘a missed opportunity’

    Newly issued international guidance on recovery and resolution regimes for central counterparties (CCPs) does not set out a clear enough path for national regulators, senior industry participants have argued, raising fears that the rules may be...

  9. Deadline looms for Isda group on resolution protocol

    Entities are subject to stays under other governing laws in jurisdictions, such as the orderly liquidation authority in Dodd-Frank, so do people experience a higher capital charge because of that? The US alone among the G-20 jurisdictions insisted...

  10. Industry picks holes in BCR proposals

    This adjustment will be tweaked for different currencies, to account for the effects of currency unions, and for jurisdictions with small corporate bond markets. It needs to be recognised that our starting point with respect to the valuation of...

  11. Malta continues to grow market share in Ucits hedge funds

    Finally Malta, like other jurisdictions, offers the possibility to redomicile a fund from elsewhere relatively easily. There have been cases of a jurisdiction giving the green light to a suspect structure only to have other jurisdictions reject it...

  12. Ucits hedge funds start to build momentum

    Being able to market and distribute funds in multiple EU jurisdictions is attractive. Hedge funds first started using Ucits wrappers around their funds so institutional investors otherwise blocked from investing in offshore funds could find a...