Clearing Houses
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Ex-Isda risk chief: ditch gross notional thresholds for clearing
By Alexander Campbell
October 6, 2020, Risk
The decade-old swaps clearing mandate is not fit for purpose in an era when clearing is concentrated in the hands of a few …
Fed will calibrate NSFR to avoid hurting repo
By Philip Alexander
September 25, 2020, Risk
The US Federal Reserve will seek to calibrate a key Basel liquidity ratio to avoid putting pressure on US Treasury cash and repo …
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European Commission confirms 18-month equivalence for UK CCPs
By Hayley McDowell
September 21, 2020, The Trade
UK central clearing counterparties (CCPs) have been granted equivalence by the European Commission for 18 months from January 2021 as the Brexit …
A New Pact Will Help Derivatives Markets
By Valdis Dombrovskis and Heath Tarbert
September 16, 2020, The Wall Street Journal
The world’s derivatives markets saw more than $640 trillion in trading activity in the first six months …
EU set to extend access to London clearing houses to mid-2022
By Philip Stafford and Jim Brunsden
September 15, 2020, Financial Times
The EU is preparing to offer its banks an 18-month extension on access to London’s crucial markets infrastructure as …
Imperfect balance? Clearers weigh EU’s CCP resolution tools
By Samuel Wilkes
August 27, 2020, Risk
It’s a scenario no central counterparty wants to experience: a member fails, and the upfront resources the CCP maintains to plug a default …
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After Covid, CCPs face calls for revamped disclosures
By Costas Mourselas
August 24, 2020, Risk
Banks and their clients are pushing for prompter and more detailed disclosures from clearing houses on critical issues such as margin shortfalls, amid …
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London to maintain grip on EU financial market plumbing post Brexit
By Huw Jones
August 19, 2020, Reuters
London will remain a big part of Europe’s financial market plumbing well beyond Brexit as the coronavirus pandemic has thwarted Frankfurt’s ambitions to …
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EU warns City it faces longer wait for market access after Brexit
By Jim Brunsden, Sam Fleming, and Philip Stafford
August 16, 2020, Financial Times
The EU’s financial services chief has warned the City of London it may have to wait beyond …
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Battle rages over clearing house reform
By Christopher Whittall
August 8, 2020, IFR
Some of the world’s largest financial institutions have urged the Financial Stability Board to recommend sweeping reform of derivatives clearing houses, including a …
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