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Japan’s derivatives market reforms likely to result in greater transparency and security
Date: Oct 02, 2012
Author: Levina Lim
Categories: Exchanges, Japan, Markets & Exchanges, Regulation, Trading & Data
Keywords: OSE, TSE, CCP, Commodity Derivatives Act, FIEA, Dojima Rice Exchange, FIBO, Jun Azumi, HFT, Arrowhead, Chi-X, SBI Japannext
Repeated regulatory reforms in Japan’s derivatives market to bolster trade volumes whilst promoting competitiveness among its exchanges and alternative trading platforms.
Asian CCPs struggle to fully comply with CPSS-IOSCO principles
Date: Jul 27, 2012
Author: Magessan Raj
Categories: Asset Management, Trustees and Custodians, Markets & Exchanges, Regulation, Risk and Regulation
Keywords: CPSS-IOSCO, CCP, FMI, CCIL, Siddharta Roy, JSCC, Takeshi Hirano
Pending finalisation of regulatory framework and tough-to-implement principles mean that Asian CCPs are unlikely to meet CPSS-IOSCO’s January 2013 deadline.
Derivatives regulations may marginalise Asian banks
Satyajit Das, derivatives expert and the author of Extreme Money: The Masters of the Universe and the Cult of Risk, feels that CCPs may not offer a complete solution in terms of regulating OTC derivative markets.
Collateral requirements hitting insurers and pension funds for OTC derivatives
Date: Dec 08, 2011
Author: Peter Hoflich
Categories: Asset Management, Trustees and Custodians, Markets & Exchanges, Trade Finance, Transaction Banking
Keywords: BNY Mellon, Jonathan Bowler, OTC Derivatives, Collateral Requirements, Custodian Bank, EMEA, APAC, Dodd Frank, CCP, G7
BNY Mellon is hoping to leverage a broad service platform with multiple services as the industry becomes more complex and collateral requirements more onerous.
Industry still lagging on infrastructure
Date: Oct 26, 2011
Author: Peter Hoflich
Categories: Payments, Transaction Banking
Keywords: Sibos 2011, SWIFT, BNY Mellon, Tim Kearney, INTTRA, HSBC, CCP, Timothy Lane, Bank of Canada, Lawrence Sweet, Federal Reserve Bank of New York
The lack of proper financial infrastructure is holding the industry back, according to multiple conversations held at Sibos 2011 in Toronto.
Clearing houses as system risk managers
Paul Tucker, deputy governor for financial stability at the Bank of England, feels that orderly resolution of a failed CCP have to involve clarity around the extent to which surviving clearing members pick up the pieces.
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