Eurex extend CCP into OTC IRS and Equities
On Monday 17th of October Eurex provided a briefing on their forthcoming extension of clearing into Interest Rate Swaps and Equity Options. Eurex have an existing offering for CDS which …
ECB caught in Dodd Frank net
Risk reports that the ECB wants exemption from pretty much all of Dodd Frank, in particular the obligations on clearing and reporting – they don’t feel they are a risk …
SGX clears first NDFs – leads the world, for now
SGX announced they’ve now cleared their first NDFs, supported by a selection of the usual tier 1 banks. Surely it won’t be long before CME and LCH catch up? Keep …
The impact of FCMs on the OTC market
I contributed to an article on FCMs for Sapient Global Markets, see my writing page here for links and the PDF. Precis: The Dodd-Frank Act has already had a significant …
Craig says “i told you so”
Craig Pirrong points out he’s been warning everyone on the blind faith in CCPs, something which I agree with, and audiences do too. http://streetwiseprofessor.com/?p=5696
Moody’s downgrades two main Cypriot banks – Cyprus Mail
Moody’s downgrades two main Cypriot banks – Cyprus Mail. MPB has exposure with 95% of it’s tier one capital, BoC 55% – Greek default will be a big problem …
Satyajit Das: Will a Central Counter Party Tame Derivatives Market Risks?
Satyajit Das: Will a Central Counter Party Tame Derivatives Market Risks?. Part 1 of 4 – starts off with the basics, lets see where his analysis leads.
A view on CCPs from the Australian Reserve Bank
Malcolm Edey, Assistant Governor (Financial System), Reserve Bank of Oz. Main points – Clearing reduces systemic risk (of course this isn’t nearly as simple as it sounds) – Clearing is complex …
A regulatory cat
Can you see what it is yet?