Central Clearing
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Europe Steps Up Monitoring of US CCPs
By Wendy Lisney
January 8, 2021, Global Investor Group
Europe is strengthening compliance monitoring of US central counterparties (CCPs) operating in the European Union under a new agreement with US …
CCPs Urged to Learn From COVID on Margin Models
By Wendy Lisney
January 7, 2021, Global Investor Group
Central counterparties (CCPs) must adopt margin requirements that limit the need for destabilising, procyclical changes during times of extreme market volatility, …
US regulator casts doubt on key SA-CCR netting benefit
By Costas Mourselas
December 18, 2020, Risk
The US Office of the Comptroller of the Currency appears set to dash hopes that incoming capital accounting rules will allow for more …
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It’s ‘less clear’ how beneficial UMR will be – LCH
By Oliver Wade
December 14, 2020, Global Investor Group
Clearing house LCH has argued that it is becoming “less clear” whether the “huge operational lift” of the final phases of …
Friction hampers EU drive to switch clearing from the UK
By Philip Stafford
November 30, 2020, Financial Times
Since the Brexit referendum four years ago, politicians and policymakers in Europe have worried that responsibility for market stability of the eurozone …
More “work can be done” on CCP standards – Esma
By Perle Battistella
December 2, 2020, Global Investor Group
Regulators called for increased convergence of standards, as opposed to a divergence, in a webinar hosted by the Depository Trust & …
Britain tells EU not to politicise financial market access
By Huw Jones
November 30, 2020, Reuters
The City of London’s access to the European Union after Brexit should not be politicised by the bloc, given that Britain will maintain …
Clearing houses face tougher crisis management scrutiny
By Huw Jones
November 16, 2020, Reuters
Global regulators have tightened their scrutiny of whether clearing houses hold enough capital and cash to avoid calling on taxpayers in a crisis, …
UK regulators will intervene if full Brexit upends markets, says FCA’s Delfas
By Huw Jones
November 12, 2020, Reuters
Regulators are vigilant and ready to intervene if Britain’s full departure from the European Union on Dec. 31 risks creating disorder in markets, …
EU regulator updates Brexit statements
By Oliver Wade
November 10, 2020, Global Investor Group
The European securities watchdog has updated the statements which address the impact of regulatory reporting for the end of the UK’s …
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