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October 23, 2013

Weekly Roundup | Clearing & Technology | 22 Oct 2013

Clearing News

Leverage and CCP Capital Proposals Will Hurt Clearing

Four fifths of respondents to a new poll think proposed changes to the leverage ratio and CCP capital rules will make it uneconomical to become a clearing member. Risk.net poll: Leverage and CCP capital proposals will hurt clearing.

CME Raises US Interest Rate Swap Deposits

CME Group, the exchanges operator, has raised the amount of capital that investors must deposit to clear their US interest rate swaps trades by 12 per cent on fears over the fallout of a potential US government debt default. FT: CME raises US interest rate swap deposits

The New World of Central Clearing: Embracing Business Drivers Beyond Compliance

Regulatory reform is driving considerable policy and operational changes, but process and automation reconfiguration should be inspired by business drivers, not purely as a result of the threat of regulatory sanctions. Tabb Forum: The New World of Central Clearing: Embracing Business Drivers Beyond Compliance

 

Technology News

Traiana Pings Pre-Trade Credit Check for Swaps

Traiana has laid claim to being the first operator of a pre-trade credit checking hub to verify a fund manager's credit before executing an order on a swaps execution facility. Globalcustody.net: Traiana Pings Pre-Trade Credit Check for Swaps

US Pre-Trade Clearing Certainty: Choices and Headaches

With central clearing of many swap contracts now a reality in the US, fund managers will need to make some tough choices on how they wish to comply with required pre-trade credit checks. Globalcustody.net: US Pre-Trade Clearing Certainty: Choices and Headaches

US Regulators Set to Round on Markets Data Providers

The data centres that house modern day securities trading resemble unremarkable high security barns, but they have been labelled by one of the US’s chief legal officers as high-tech insider trading hubs. FT: US regulators set to round on markets data providers

Global Legal Entity Identifier System is Moved Another Step Closer to Completion

The Regulatory Oversight Committee (ROC) of the global Legal Entity Identifier (LEI) system has taken another significant step forward with the endorsement of three pre-Local Operating Units (LOUs) and the exclusion of 3,000 pre-LEI CFTC Interim Compliance Identifier (CICI) codes from the system. ReferenceDataReview.com blog: Global Legal Entity Identifier System is Moved Another Step Closer to Completion



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