Central Clearing
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Clearing conundrum
By Jim Brunsden and Philip Stafford
November 18, 2019, Financial Times
Neither Boris Johnson nor Jeremy Corbyn wants a no-deal Brexit, but the E.U. financial sector is still worrying about …
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Industry bodies urge E.U. to extend temporary equivalence of U.K. CCPs
By Hayley McDowell
November 14, 2019, The Trade
Fourteen trade associations have banded together to urge the European Commission to extend the temporary equivalence and recognition of U.K. central counterparties …
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ESMA lays out future for third country CCPs
November 12, 2019, GlobalCapital
The European Securities and Markets Authority has issued technical advice for the European Commission on the treatment of third-country central counterparties (TC-CCPs).
ESMA issued three sets …
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Brexit’s $78 Trillion Derivatives Spat Needs Fix Now, Banks Say
By Silla Brush
November 12, 2019, Bloomberg
The world’s biggest banks pressed policy makers to pass an urgent Brexit fix to ensure European traders’ access to London derivatives clearinghouses and …
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Repo Fragility Exacerbated by a Hot New Corner of Funding Market
By Alex Harris, Tracy Alloway, and Stephen Spratt
November 8, 2019, Bloomberg
A funding niche that’s exploded in popularity in the past two years could be adding to instability in …
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E.U. members struggle to overcome last hurdles on CCP resolution
By Jean Comte
November 11, 2019, GlobalCapital
The European Union’s 28 finance ministries are nearing a deal on the draft legal text for CCP resolution. But they still disagree on …
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Banks warn of trader crunch at CCP default auctions
By Noah Zuss and Tom Osborn
November 8, 2019, Risk
Clearing houses need to more effectively co-ordinate default auction management between their peers and their members to avoid a looming …
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EMIR v. MiFID II: clearing and trading obligations align
By Alice Tchernookova
November 7, 2019, Practice Insight from IFLR
When the European Market Infrastructure Regulation (EMIR) refit was introduced earlier this year, the lack of clarity as to how …
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Swaps market takes the lead on €STR transition
By Alice Tchernookova
November 5, 2019, Practice Insight from IFLR
Swap market users have taken the lead on the EU’s transition away from the euro overnight index average (Eonia) to …
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CFTC’s Tarbert vows to promote ‘integrity, resilience, and vibrancy’ of derivatives markets
By Will Acworth
November 4, 2019, MarketVoice
Heath Tarbert, the chairman of the Commodity Futures Trading Commission, said on Oct. 30 that he plans to move forward on several major …
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