I joined IFR as reporter from Risk magazine at the beginning of 2011, covering derivatives across all asset classes. This has resulted in scoops on a wide range of subjects such as CDS, Basel capital rules and fallout from the Eurozone crisis. In my two and a half years at Risk I wrote a series of cover stories, most notably on dealers over-hauling valuation of derivatives portfolios.
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The IntercontinentalExchange will begin clearing Western European sovereign credit default swaps later this month after receiving the green light from regulators.
Regulators should review the business model of clearing houses that handle over-the-counter derivatives to ensure they can withstand future crises, a senior investment banker said last week, pointing out that the capitalisation of Europe’s leading central counterparties was around one-thousandth that of the European banking system.
Eurex Clearing has become the second central counterparty to receive approval from European regulators to clear over-the-counter derivatives.
- Banks won’t shoulder FTT costs, end-users warn
- Calls for 'fat finger' derivatives safeguards
- Cumulative impact of swaps reforms 'scary'
- Dealers drop universal banking model
- DERIVATIVES: BaFin gives Eurex clearing approval
- ISDA AGM: Calls for “fat finger” derivatives safeguards
- ISDA AGM: Dealers drop universal banking model