Within the context of the recent BIS-CPMI-IOSCO consultative reports, Richard Haynes, Deputy Director, Risk Surveillance at the CFTC, and Nancy Doyle, Senior Special Counsel, share their thoughts on the proposals and why they are best framed as an enhancement of current transparency levels, which to a larger or smaller degree can build from an already strong base.
José Manuel Ortiz-Repiso, Head of Clearing & Repo Operations at SIX, reflects on how CCPs are responding to evolving market trends, changes in regulation and the emergence of digital assets.
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.