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  1. Buy side attacks Isda early termination protocol

    Each version of the draft was circulated to all working group members," says a spokesperson for the association. All members of the working group have had the opportunity to provide comments during the drafting process, including buy-side...

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

    The decision means at least 11 clearing houses in those jurisdictions can apply for full qualifying CCP (QCCP) status with the European Securities and Markets Authority (Esma) – keeping capital requirements down for their members – and US CCPs...

  3. Financial crime body tightens rules on company ownership

    The FATF advises that company registries should include the company's proof of incorporation, address, list of directors and a register of shareholders or members. New guidance for countries to address money laundering and terrorism funding

  4. New frontloading flap over €8bn clearing threshold

    Nothing changes for the small group of firms that fall into category one – organisations that are members of a clearing house – but category two, which previously covered all other financial entities, has been split.

  5. Strategic solutions play into Credit Suisse's strengths

    The structuring group, comprising around one hundred members of the investment bank's equities division, focuses on four key areas of activity, comprising financing, investor solutions, market-making and systematic investment strategies.

  6. Nationwide: ABS markets need more than warm words

    Portfolio managers may also join, but not as voting members. Many of the Alco members also sit on the credit committee, but Townsend says some of them do not cover credit risk and it would be inefficient to bring the same issue up in two different...

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

    Isda's Simm group, composed of buy- and sell-side Isda members, has suggested certain criteria and calculations for an industrywide model. Rules requiring margin to be exchanged on non-cleared swaps have been in the works for three years and are...

  8. In-depth introduction: Expected shortfall

    For example, the document warns committee members will monitor the way in which banks allocate instruments to the banking book and the trading book, and "will seek to ensure no abusive switching designed to minimise capital charges occurs".

  9. Industry confronts hard choices in CCP recovery debate

    So-called assessment powers give CCPs the right to call on members to provide additional resources in a crisis situation, but the idea is not universally popular. It suggests a CCP should hold a separate, ring-fenced recapitalisation fund, which it...

  10. FSB warns of spillovers from new bank structures

    Similarly, losses can be shared where subsidiaries have issued bail-inable debt to other group members. Some jurisdictions fear unintended consequences of reforms The Financial Stability Board (FSB) is warning of potential international spillover...

  11. People: TD Bank bags Scotia Capital structuring team

    Dan Petherick, Emea equity derivatives flow sales, has left Citi for Societe Generale, along with several other members of the same team, according to eFinancialCareers. Toronto-Dominion Bank in New York has hired a structured products team from...

  12. LNG market participants shun Japanese forwards

    A JOE spokesman says that while it understands the concerns about manipulation, the pricing methodology is designed to meet the demands of the exchange’s members. They suggested developing a new LNG benchmark based on actual deals matched on the...