The OTC Space | Tag Archive

Crossing the Line | ISDA Media Comment

May 3, 2013 by Mihir Vaidya 1 Comment

An interesting post over at ISDA media comment on the alleged resistance from major central banks and foreign regulators to cross-border derivatives regulation. The post highlights the author’s views on the original article published in the NY times (link here), which projects the concerns of global policy makers as a hindrance to regulators rather than […]

News

cftc, cross-border, derivatives, otc

‘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

IOSCO publishes comments to Feb 15 Consultative Paper on Margin for Un-cleared Derivs

April 3, 2013 by Mihir Vaidya 0 Comments

IOSCO yesterday published the comments received on the second consultative paper for uncleared derivatives on their website. All responses from industry participants are available under ‘View Comments’ here. Michael Beaton from Regulatory Reform has published a summary of some key industry responses here. There are some very interesting comments, especially from ISDA on the issue […]

bilateral, collateral, consultative document, consultative paper, derivatives, hypothecation, Initial Margin, isda, otc

OTC Derivatives – News Digest – 18.3.2013

March 19, 2013 by Tom Riesack 2 Comments

Dear Reader, Starting this week you receive a compilation of news items (thus “News Digest”) from the week that just went. A short summary of highlights precedes the article abstracts and corresponding links. A number of those are from sources like Risk or FT, which obviously require a subscription. Some of the items are abstracts […]

A Reality check for the Derivatives Industry | FT

March 18, 2013 by Mihir Vaidya 1 Comment

Interesting article in FT discussing the impact of DFA and other regulations on both listed and OTC derivatives markets. A new worry besetting the derivatives industry for the first time in 30 years – growth. Given the continual slump in global economic growth and near-zero interest rates in the financially developed markets, is the timing […]

News

derivatives, dfa, otc, regulations

ISDA emphasises the importance of non-cleared OTC derivatives

March 14, 2013 by Tom Riesack 1 Comment

ISDA have published a 27-page report making the case for non-cleared derivatives. It is a very good read and brings to light what types of derivatives will stay out of central clearing and why. Between the lines it connects the dots between non-cleared OTC derivatives and the intended margining requirements currently being looked into by […]

BCBS, derivatives, International Swaps & Derivatives Association, IOSCO, isda, margin, otc

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

New Book on Central Clearing by David Murphy (Deus Ex Macchiato) plus Me

January 28, 2013 by Bill Hodgson 4 Comments

David Murphy formerly Head of Risk at ISDA has written a new book on all the gory details of Central Clearing, due out later this year. Chapter 7 describes the current and future market infrastructure for OTC products, and is written by myself. Full details over at DEM: http://blog.rivast.com/?p=6840 or see below: Coming to good […]