Articles
Through the bi-annual Financial Stability Review issued in November, the European Central Bank (ECB) warned of potential side effects of its loose monetary policy, highlighting how years of unprecedented stimuli designed to bolster the economy is contributing to an erosion of financial stability.
Is your firm clearing NDFs? What you need is a smart way to transfer risk into a CCP to optimise your netting and margin
In less than three months, many firms must be able to convince regulators that they’re ready for the transition away from LIBOR. The ‘Dear CEO’ letter sent this week outlines what the FCA and PRA are expecting from major banks and insurers, but it also serves as a reminder to all LIBOR users to make sure they have a ‘robust written plan’.
2018 is set to be a transformative year for transaction cost analysis. Driven by new regulatory requirements coming into force the first week of the year, such as the revised Markets in Financial Instruments Directive (MiFID II) and the European Union’s new rules on packaged retail investment and insurance-based products (PRIIPs), the need for transparency improvements and reliable audit trails in trading and investment products has taken multi-asset-class TCA mainstream.
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Mandated clearing means your OTC portfolio is bifurcated and brings new clearing costs. In this webinar we will explain the drivers and options for measuring and managing clearing costs from many angles. Any one of the ideas presented could make a material difference to your profitability.
In the crisis of 2008, known issues of timing and risk within settlement processes caused extreme stress across the industry and led to the failure of major institutions.
In February 2007 HSBC gave the first warnings from a major global bank of oncoming sub-prime mortgage losses. In March of the following year, Bear Stearns collapsed. The following September Lehman Brothers failed. The financial sector would never be the same again.
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The team here at The OTC Space are pleased to announce the availability of the downloadable PDF edition of Rocket 10 (in the attachments section below). Formatted in landscape to fit your computer or portable device screen, this edition contains inside information on what's happening in the industry. The PDF is attached below, and contains a great set of articles from previous and new authors.
The annual Bürgenstock meeting in 2017 is a three day event run by ICDA, the second oldest futures industry association in the world. OTC Space Registered Readers can access a 15% discount to this event.
This comes from a press release but the report makes for interesting reading, PDF attached below. 120 firms were interviewed about funding and uncleared margin, making this a big sample of data and valuable as a benchmark on thinking in the market.
Over 80% of global investment managers are engaged in discussions to identify liquidity backstops to dealer balance sheets as concerns over liquidity and funding pressures grow, according to the results from a comprehensive buy-side study released today by BNY Mellon Markets, conducted in association with PwC.
The Summit for Asset Management (TSAM) brings you together with senior decision makers from the world’s most innovative and forward thinking asset managers globally. OTC Space Registered readers can access a 20% discount on registration.
The global financial crisis highlighted the importance of liquidity in functioning financial markets. Pre-2008, market participants received easy access to readily available funding and were ill-prepared for events that transpired during the credit crisis. Failure to adequately assess and manage liquidity underpinned major market turmoil, triggering unprecedented liquidity events and the ultimate demise of Bear Stearns, Lehman Brothers and other financial institutions previously thought too big to fail.