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OTC derivatives reforms may risk "wasting" a scarce commodity by causing collateral to be posted across multiple central counterparties, according to Manmohan Singh, senior economist, International Monetary Fund. read more>
BNP Paribas Securities Services has adopted automated, standardised messaging for its collateral protection programme to reduce operational risk for buy- and sell-side OTC derivatives market participants. read more>
The FTSE Group will take over the calculations for offshore RMB fixed income indices created by the Bank of China (Hong Kong) as part of an agreement to develop a series of new benchmarks. read more>
Buy-side associations have backed the substance of a letter from nine governments warning of damage to derivatives markets unless the US abandons its plan to subject overseas subsidiaries of US entities to Dodd-Frank. read more>
A US budget proposal that would change how derivatives are taxed could, if agreed, increase portfolio risk and damage both the derivatives and underlying markets, investor bodies and analysts claim. read more>
Interest rate swaps are set to become more standardised following the release of the Market Agreed Coupon contract by the International Swaps and Derivatives Association. read more>
Euroclear has added Hong Kong-focused bank Standard Chartered to global initiative to streamline collateral provisions for tri-party repo transactions, ahead of regulation expected to create a strain on collateral demand. read more>
Asia-focused bank Standard Chartered is partnering with Clearstream to allow mutual clients to place holdings into a single collateral pool, ahead of OTC derivatives rule changes. read more>
The overseas banks that dominate Asian OTC derivatives markets could be forced to rein in their activities by the cost of complying with diverse new regulatory regimes, according to a report commissioned by the International Swaps and Derivatives Association published this week. read more>
New rules on OTC derivatives will accelerate the shift of investment banks' fixed income, currencies and commodities business to electronic trading over the next three years, a new report has found. read more>
