Derivatives
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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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In swaps we trust? Disappearing dollars drive currency trading dependence
By Ogla Cotaga
November 14, 2019, Reuters
As dollars dry up, global finance is growing increasingly dependent on opaque currency trading to keep cash flowing.
Banks and other short-term dollar …
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How robust fallbacks are hindering the Libor transition
By Thomas Helm
November 14, 2019, Practice Insight from IFLR
The received wisdom – and apologies to those who have already heard the oft-repeated analogy – is that robust fallbacks …
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E.U. prepares tweak to MiFID market rules after industry backlash
By Philip Stafford
November 13, 2019, Financial Times
Brussels is preparing to retune some of its MiFID II markets rules from next year, less than three years after implementation, following …
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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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Libor’s Demise Will Upend How Hugely Popular Derivatives Work
By Elizabeth Stanton
November 12, 2019, Bloomberg
CME Group Inc. shed light on what could happen to the exchange giant’s most-traded contracts – eurodollars, which permit bets on interest rates …
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Swaps Missing From MiFID II Reporting
By Shanny Basar
November 11, 2019, Markets Media
At least €800bn (€750bn) of notional in vanilla cleared euro/US dollar interests rate swaps is missing each week from MiFID II transaction …
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Global OTC derivs reach five-year peak
By Sharon Thiruchelvam
November 8, 2019, Global Investor Group
Notional amounts of OTC derivatives rose 18% in the six months to June, reaching $640 trillion, from $544 trillion at 2018-end, …
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Fed’s repo operations will not fix rate spikes, dealers say
By Robert Mackenzie Smith
November 7, 2019, Risk
The U.S. Treasury repo is likely to remain volatile through the year-end and beyond despite the Federal Reserve’s efforts to stabilize overnight …
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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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