Credit Risk
An imbalanced proposition
At the time of going to press, decisions on the future of the foreign exchange markets was still hanging in the balance, as regulators in the US debated the inclusion of forex swaps and forwards into the over-the-counter derivatives reforms.
Basel Committee reaches agreement on liquidity and counterparty risk
Reform proposal due this month
India adds its angle to clearing debate
CCIL allows economics to drive change
Ten dealers sign up for India's FX CCP
CCIL soft launches with group of early adopters
Finra tightens margins requirements
US regulator raises bar on leveraged investments.
The forex clearing debate continues
Saima Farooqi asks how likely it is that fx swaps and forwards will be swept up in the OTC derivatives reforms.
SEB signs on four account managers
Bank says demand for institutional allocations via managed account structures remains robust
Economics should drive change
The decision to include foreign exchange swaps and forwards in the US over-the-counter derivatives reform bills run counter to research conducted by central bank-backed foreign exchange committees.
CME accepts gold as trade collateral
LONDON - The clearing house of CME Group, CME Clearing, began accepting gold as collateral for trades on the exchange last Monday (October 19).
Paradigm shift in forex means new risks
The changing paradigm of the foreign exchange markets might create a new set of pressure points for the industry that need to be addressed, warned delegates at the FX Week Asia congress in Singapore last Tuesday.
Segregated accounts: an uneasy compromise
State Street last week became the latest bank to take advantage of counterparty risk fears on the buy side, extending its hedge fund administration services to include custody, cash management and forex.
UK's FXJSC puts brakes on forex CCP
The London Foreign Exchange Joint Standing Committee (FXJSC) has ruled out the immediate need to implement a central clearing facility to manage counterparty risk (a CCP) in foreign exchange, citing a series of mismatches in market conventions in a white…
CCPs may need public sector support
BASEL - Central counterparties (CCPs) could require public sector support in the event of simultaneous defaults of a number of participants, according to economists at the Bank for International Settlements (BIS).
CLS settlement: the challenges ahead
This week marks the one-year anniversary of the collapse of Lehman Brothers. FX Week and Rob Close, president and CEO of CLS Bank, discuss the past 12 months and the future of the industry utility