Category: Rules & Regulation

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

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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

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EU pension scheme report

On 3 February 2015, the European Commission adopted a report in accordance with Article 85(2) of EMIR, assessing the progress and effort made by CCPs in developing technical solutions for the transfer by Pension Scheme Arrangements (PSAs) of non-cash collateral

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Briefing note: The European Union’s CSD Regulation

The European Union is expected to pass a CSD Regulation (CSDR) into law later this year. For the first time, there will be a standard definition of a CSD across all EU member states and a common set of standards

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