The date was April 12, 2011, and U.S. banking regulators published the first draft of proposed rules governing margin requirements applicable to uncleared swaps. The Dodd-Frank Act, which passed a few years earlier, empowered these regulators with the task of creating and adopting these rules for the U.S. uncleared derivatives industry. Other global regulators would
Derivatives
Aite’s David Weiss Talks Package Trades and SEF Trading
FTF News speaks with Aite Group’s David Weiss about the CFTC’s recent reprieve for over-the-counter package trades transacted swap execution facilities (SEFs) rules. “Hope for the best, prepare for the worst” David Weiss recently spoke on a panel at the FTF DerivOps New York 2014 conference. If you are interested in learning more information on FTF’s live events
Derivatives
DerivOps New York Photo Gallery
Did you miss DerivOps New York 2014? Take a peak inside the event in the picture gallery below. Also, be sure to check out DerivOps North America 2015 for a two-day, in-depth conference on all things derivatives operations. Combining our annual Chicago and New York event as well as our premier collateral management conference, DerivOps North
Derivatives
Kevin McPartland on the G.O.P. Landslide and the Pace of Derivatives Reform
Greenwich Associates’ Kevin McPartland was the chairperson for FTF’s recent DerivOps New York conference. Our FTF News Chief Editor, Eugene Grygo had the opportunity to sit down with Kevin and discuss the effects of the recent mid-term elections in the U.S. and the state of ongoing derivatives reforms. Check out the full video intervew below:
Back-Office
Manage Risk, Comply with Regulations and Increase Alpha with an IBOR
Guest Contributor: David Kubersky, President and Managing Director, SimCorp North America Fragmented position-keeping across the trade lifecycle presents significant risks to buy-side firms. As the SimCorp Journal paper, “The Investment Book of Record: One Version of Truth from Front- to Back-Office,” explains, “When investment processes and asset classes are supported by multiple systems across the
Derivatives
EMIR Reporting Deadline Approaching to Register LEIs
Guest Contributor: William Hodash, Managing Director, DTCC Business Development Following the 2008 financial crisis, regulators and industry participants agreed on the need to develop a global solution that allows transactions to be tracked across financial markets and multiple jurisdictions. Policymakers and stakeholders around the globe collaborated to address the challenges and potential obstacles of transforming
Derivatives
New Collateral Requirements Could Be an Operational Nightmare For Asset Managers
Guest Contributor: Ted Leveroni, Executive Director of Derivatives Strategy and External Relations, Omgeo The asset management industry faces a clear and present danger to their day-to-day operations in the New Year with the implementation of The Federal Reserve Bank of New York’s Treasury Market Practice Group’s (TMPG) margin recommendations for all forward-settling agency mortgage-backed securities (MBS),
Buy-Side
Valuation Considerations for Illiquid OTC Derivatives
Guest Contributor: Matthew McFarland, Director, Business Development, CBOE Mandated clearing of certain interest rate swaps and credit default swaps was recently completed with the addition of Category 3 participants on September 9. While the advent of mandatory clearing presents several challenges, one aspect that has garnered little attention is valuations. OTC market participants, accustomed to valuations
Data Management
Establishing a Blueprint for Regulatory Change in Europe
Guest Contributor: Michael Sits, head of business consulting, SunGard’s Capital Markets The potential impact of regulatory reform on financial firms’ business models has never been greater. Short selling, EMIR, CRD IV, MiFID and MAD revision are only a few of the new pieces of European legislation. Tackling each one in isolation could result in a
Back-Office
Webinar: Derivatives Processing on Legacy Technology: Fear factor or real factor?
Derivatives Processing on Legacy Technology: Fear factor or real factor? Are legacy investment management systems the bane of your derivatives processing? An increasing number of buy-side organizations are implementing sophisticated strategies that employ derivatives. However outdated systems across the front-to-back office have not kept pace with the increasingly broad and bespoke range of investment products.
