It has proved very difficult to shift clearing out of LCH. Clearing members will tell you how hard it is to transfer a portfolio of business, much of which belongs to clients.

At its heart, DTCC is an industry-owned, industry-driven risk management organisation, and given our 50+ year track record we are proud to be recognised as battle-tested in protecting market stability and certainty.

As the landscape continues to shift, financial market infrastructures will need to find the capacity to keep pace. Modernisation provides the best path forward for FMIs, delivering solutions for now while futureproofing for tomorrow.

CFTC Commissioner Summer Mersinger explains why the Basel III Endgame proposals to increase risk-based capital requirements for banks providing client clearing services would have a significant – and negative – impact on derivatives markets. 

The Israeli bond market stands out globally for its unique characteristics. Unlike most bond markets that operate exclusively as over-the-counter trading venues for primary dealers, government bonds in Israel are traded similarly to equities through continuous trading on the primary exchange.

Dr Pedro Gurrola-Perez, Head of Research at the WFE, writes about client clearing in commodity derivative markets.

This month’s CEO letter is written by Pedro Gurrola-Perez, the WFE’s Head of Research .

Welcome to the April 2024 issue of WFE Focus.  

In this edition, we bring you a few highlights from WFEClear 2024, the WFE Clearing and Derivatives conference that took place in Madrid at the end of March, hosted by BME (Bolsas y Mercados Españoles) and SIX Group.  

At the splendid Palacio de la Bolsa de Madrid, industry leaders from central clearing houses (CCPs), academics, regulators and policymakers met to share ideas on the opportunities and challenges we face in central and bilateral clearing. Without...

When you invest your time in developing the skills and expertise needed to grow and overcome the most challenging setbacks, you emerge as more well-rounded leader who leads their teams to ultimate success.

Give yourself plenty of room to practice and grow. It’s perfectly fine to be imperfect. The most important thing is to improve continuously.