Tag: derivatives
Boost to the Triparty Repo Settlement Interoperability
The ICMA European Repo Council has signed a memorandum of understanding with Clearstream, Euroclear and Eurex Clearing, which engages those providers in a joint project focusing on increasing the efficiency of the repo market. Through this agreement Eurex Clearing will be able to extend the connected settlement locations for its secured market pooling with Clearstream to […]
13 Banks Accused of Blocking CDS Market
Barclays, RBS, Deutsche Bank, Citigroup, UBS and JP Morgan are amongst 13 banks accused by EU Commission of blocking the access for exchanges to the CDS market on fears that this would reduce their profits. Deutsche Börse and Chicago Mercantile Exchange were refused licences between 2006-2009 by ISDA and Markit, which are controlled by banks, to […]
EU policy makers are closer to agree on securities settlement rules
European policy makers are increasingly confident that regulations for Europe’s €800tn securities settlement market will be finalised and passed into law by the end of the year. The new rules governing region’s central securities depositories aim at creating better competition between national entities and cut cross-border settlement costs. The ECB is planning to make operational the Target2Securities (T2S), […]
OTC Derivatives Markets are predicted to grow in Asia
The over-the-counter (OTC) derivatives markets are poised for further growth in Asia, according to a report published today by the International Swaps and Derivatives Association, Inc. (ISDA) at the outset of its 28th Annual General Meeting, which is being held in Singapore. The report, The Asian OTC Derivatives Markets, was prepared for ISDA by Celent, a division of Oliver […]