The OTC Space | Category Archive

O’Malia speech – useful synopsis of what’s not yet regulated

May 20, 2013 by Jon Skinner 0 Comments

A way through the fog of CFTC Title VII final rules, exemptive orders and no action letters is offered by Commissioner O’Malia’s speech to Energy Risk 2013. He uses a Rumsfeld-like categorization of known unknowns and unknown unknowns to sum up what’s still to be done and to be discovered as a result on reporting, clearing […]

CFTC, Conference, Dodd Frank

‘xVA’s’ have found their way in to pricing and valuation

April 17, 2013 by Tom Riesack 8 Comments

A common theme emerged on the first day at the Global Derivatives Trading and Risk Management Conference. CVA, DVA and FVA (but also a number of other components) have found their way into pricing and valuation models of financial institutions after the financial crisis of 2008. After a macro-economic assessment by David Nowakowski of Roubini […]

CVA, derivatives, DVA, FVA, Global Derivatives Trading, Libor, Pricing, Risk management, Valuation

Is traditional portfolio management dead?

April 17, 2013 by Tom Riesack 1 Comment

When listening to the presenters on the “Portfolio Optimisation & Quantitative Investment Summit” at the Global Derivatives Trading and Risk Management event in Amsterdam this week one could draw such a conclusion. Another is: “Do not worry!”, because, not least due to the 2008 crisis, risk management models and portfolio construction models have evolved and […]

Conference, derivatives, Diversification, otc derivatives, Risk management

New Fixed Income CCP coming

March 18, 2013 by Bill Hodgson 5 Comments

There’s a new CCP service coming soon for European fixed income, based onshore in Europe. It doesn’t have regulatory approval yet, once it does you’ll hear from me, and from them. It doesn’t have much bearing on the OTC market but will be connected to the Euroclear highway.

CFTC Chairmen Gensler at the FIA Boca Raton conference on extraterritoriality

March 14, 2013 by Tom Riesack 1 Comment

Gary Gensler spoke at the FIY Boca Raton conference – among other things about swaps reform (obviously). One thing to note was the following from his speech (bold highlighting mine): “Thus, as the CFTC completes the cross-border guidance, I believe it’s critical that Dodd-Frank swaps reform applies to transactions entered into by branches of U.S. […]

cftc, Conference, derivatives, Dodd Frank, Extraterritoriality, FIA, otc derivatives, Substituted Compliance, swap dealer

Euroclear Collateral 2013 – Debate

March 4, 2013 by Bill Hodgson 0 Comments

Is anyone else going to the Euroclear Collateral event? Check out the last session on day 2 – where myself and colleagues put our necks on the block to debate “This house believes that regulatory intervention will deliver a safe and profitable capital markets environment”. Euroclear Bank – Programme.

Downloads From the NCMF Clearing Conference on Jan 17th

January 28, 2013 by Bill Hodgson 0 Comments

On Jan 17th I hosted and presented at the Nordic Capital Markets Forum Clearing mini-Conference, the presentations from a variety of speakers can be downloaded here: http://www.nordiccapitalmarkets.org/8.aspx My own isn’t yet up, but is here: The DNA of a Future Collateral Manager.pdf, entitled “The DNA of a Future Collateral Manager”. It makes more sense if I say […]

Nordic Capital Markets Forum: Clearing Conference, Jan 17th

January 8, 2013 by Bill Hodgson 0 Comments

If you are a member of the NCMF (http://www.nordiccapitalmarkets.org) you will be receiving an invitation to a conference next week very shortly. The event will aim to cover topics including: The status of the ever moving timelines for EMIR and Dodd Frank The impact of ESMA’s draft Technical Standards Extra-territoriality, how to embrace it or […]

Conference