FATCA and ISDA
FATCA is a US regulation which requires non-complying parties to withhold 30% tax on a variety of payments. ISDA is working to address FATCA within it’s Master agreement to oblige …
2012 and barriers to implementing Dodd Frank
Being a non-American, as most people are, I did some poking around to understand the flow of power and the political process in the US next year. My driver being …
GMI supports SwapClear
http://www.derivsource.com/articles/sungard-supports-us-otc-interest-rate-swaps GMI is a leader in providing a platform for connecting to exchanges for Futures, so the fact they support SwapClear moves them into new territory pitting them against traditional …
MarginSphere opened up (automated margin calls)
For some time now ISDA, it’s members and AcadiaSoft have been working to eliminate the manual part of margin calls – people, emails and FAX. Making a margin call is …
CFTC back track – O’Malia speech
In light of MF Global, Scott O’Malia has some motherhood and apple pie style suggestions: Check the customer accounts contain the money they should: The Commission should ensure that all …
Glacial Reform – CFTC budget starved
The politicians responsible for the CFTC budget are refusing to give Gary Gensler a single cent more in funding, in respect of all their new responsibilities to regulate the OTC …
Risk Magazine Nov 2011 – Bumper issue on new regulations and clearing
This months Risk paper version has a slew of useful articles on clearing and new regulation: The reaction of non-US banks to the Volker rule The idea of cloning the …
House Financial Services Sub-Committee votes
The story on Bloomberg on the House of Representatives sub-committee vote shows real movement on the impact of regulation. Buried in the details are interesting potential changes: The dropping of …
Sapient Nitro go viral accidentally
If you haven’t noticed, the video below has gone viral, and getting a wide variety of coverage, generally not the sort you’d want. For instance, http://www.shortlist.com/cool-stuff/virals/video-worst-promotional-video-ever
SwapClear Info Blast
SwapClear have put out a briefing on the trillions and millions they process, highlights include: Total notional cleared: USD 290 trillion Total client notional cleared: USD 226 billion Total number …