ESMA recognises US-based clearing houses OCC and FICC
In contrast, UK-CCPs have only been granted time limited equivalence of three years to reduce EU institutions reliance on them.
In contrast, UK-CCPs have only been granted time limited equivalence of three years to reduce EU institutions reliance on them.
Lack of equivalence between the UK and Europe post-Brexit saw a huge chunk of derivatives trading move to the US, however, proposed upcoming regulatory changes have the potential to push some of that liquidity back across the pond.
The two clearinghouses’ new risk models will utilise an enhanced Value at Risk (VaR) methodology across the debt markets that they clear.
Post-trade veteran who had held roles with JP Morgan, Soc Gen and Citi departs from role at LCH.
The hedge fund executed its first trade on the FX clearing service with Citi acting as the clearing broker.
The move will allow clients to address market liquidity concerns as well as regulatory-driven challenges.
Change of direction sees ICE offload its Euroclear stake to two government-owned investment firms for the same price agreed with Silver Lake last year.
Industry experts from DTCC, Loomis Sayles and Morgan Stanley discuss the acceleration of settlement cycles to T+1 and how firms can prepare.
New service will provide analytics and insights into assets and portfolios, liquidity and risk in the fixed income market.
ICE Clear Credit announces the expansion of its index option clearing services to include JP Morgan.