Author: Hugh Simpson

Is a CCP right for your market?

The increasing focus on the use of Central Counterparties (CCPs) to manage risk in financial markets has led many markets to ask themselves whether they need a CCP. Is it a more appropriate way to manage risks than the mechanisms

Posted in CCP, Clearing & Settlement, Clearing & Settlement Systems, Information Technology, Rules & Regulation, Uncategorised

Counterproductive consequences of regulation?

An interesting statement by J. Christopher Giancarlo, one of the CFTC Commissioners, voices a concern that raising regulatory standards for CCPs and clearing members may have the unintended consequence of concentrating risk and shutting end-users out of the market. To quote some

Posted in Rules & Regulation Tagged with:

European Commission acts on Bourse Consult Report

The European Commission has now acted to extend the transitional relief for EU pension funds, a decision informed by the report commissioned by the EC from Bourse Consult and Europe Economics (see posting of 4 February), which assessed the potential

Posted in CCP, Clearing & Settlement, Rules & Regulation Tagged with: , , ,

Where next for settlement cycles?

There was an interesting discussion at the Global Custody Forum yesterday, where I chaired a panel session on settlement cycles. While the migration to T+2 in Europe has gone extremely smoothly, there is now a difference between settlement periods in

Posted in Clearing & Settlement, CSD, Operations & Operational Efficiency Tagged with: , , ,

T+2 in Europe: move along, nothing to see

The European CSDs Association (ECSDA) has published a very clear analysis of what happened when the European markets moved to T+2 settlement. The short answer is: Nothing. In most markets settlement performance continued unchanged or even improved during over the

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