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Central counterparty (ccp)

Czech central bank and other EU members concerned over extended Esma powers

National supervisors should be responsible for their domestic institutions, says Czech National Bank. CNB is worried about power balance between member states and EU regulator Esma.

Hedge Funds Review | 02 Feb 2012secure

cnb

Central counterparties should have last word on OTC clearing, says Futures and Options Association

Supervisors should not be able to force clearing houses to accept certain classes of OTC derivatives, says Futures and Options Association's chief executive Anthony Belchambers

Hedge Funds Review | 19 Jan 2012secure

OTC derivative central clearing could lead to cutback in hedge fund operations and trading

Central clearing of OTC derivatives will add 1%-3% to costs and could lead hedge funds to scale back operations and trade. While they await further regulatory guidance, changes are on hold for most.

Hedge Funds Review | 12 Jan 2012secure

UK Conservatives take CCPs to heart after split with EU over ECB policy on clearing houses

British prime minister David Cameron's demand for the UK to be exempt from an European Central Bank (ECB) policy on clearing houses helped to prompt December's split with the European Union.

Hedge Funds Review | 04 Jan 2012secure

Clearing to get boost from more to exchanges by OTC derivatives

A revolution is coming in clearing, as regulations require central clearing for OTC derivatives. Market conditions mean clients are obsessed by the financial stability of clearing counterparties.

Hedge Funds Review | 12 Dec 2011secure

Risk and compliance issues top agenda for software providers to hedge fund industry

As new regulations come into force for hedge funds, more information will need to be collected and formatted for use in compliance and risk reporting both internally and externally to regulators.

Hedge Funds Review | 12 Dec 2011secure

Non-US MF Global clients caught in cross-border collateral trap

Omnibus structure meant clearing clients of MF Global outside the US were asked to double up on collateral payments. Use of the structure for OTC markets is now in doubt.

Hedge Funds Review | 08 Dec 2011secure

Hong Kong regulator says work needed to co-ordinate OTC derivatives central clearing

Further international co-ordination is needed if the G-20 deadline for central clearing of standardised OTC derivatives is to be met, says Hong Kong Securities and Futures Commission chief executive.

Hedge Funds Review | 30 Nov 2011secure

G20 will not meet deadline for OTC derivatives reforms according to Risk.net poll

A vast majority of respondents to a Risk.net poll do not believe G20 members will meet the end-2012 deadline for all standardised OTC derivatives to be cleared through central counterparties (CCPs).

Hedge Funds Review | 09 Nov 2011secure

Central counterparty capital rules could discourage client clearing, critics claim

Revised Basel rules provide little capital incentive for clearing members to clear trades on behalf of clients, say bankers. Exposures to clients would also have to be treated as a bilateral trade.

Hedge Funds Review | 09 Nov 2011secure

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