Barclays Bank (Barclays) has signed an agreement with JPMorgan to divest its legacy derivatives portfolio as part of its non-core rundown strategy — a possible sign that other banks may start to move assets around in order to adjust to the increasingly burdensome regulatory demands for capital requirements. Barclays officials say that “acting through Barclays… Read More >>
Nordea Bank Scores Breakthrough with Repo Trading
Nordea Bank, a large financial services group in Northern Europe, has been working with post-trade services provider Omgeo and investment management software vendor SimCorp to automate its repurchase agreement (repo) post-trade matching process, and recently matched its first live repo trade. The Stockholm-based bank recently processed a repo instrument between itself and Swedish administrative services… Read More >>
Swaps Clearing in Europe Catching Up to U.S. Rules
The European Union has set the date for its clearing obligation, bringing European financial reform more into line with current U.S. obligations. The publication of the European Securities and Markets Authority’s (ESMA) regulatory technical standards (RTS) in the Official Journal of the European Union on December 1, 2015 will kick over-the-counter (OTC) derivatives clearing into… Read More >>
MTS Repo Wants to Shake Up Triparty Collateral Management
As fixed income markets tighten, one vendor has introduced a solution that can create efficiencies to boost the bottom line for repo transactions. European platform, MTS Repo, has integrated the X-COM triparty collateral management solution of post-trade services provider Monte Titoli, in a move it claims will “limit risk exposure, increase returns and reduce capital… Read More >>
CLS, TriOptima Team Up for FX Compression Service
CLS Group (CLS), a specialist settlement bank for the global foreign exchange (FX) market, and TriOptima, a vendor focusing on over-the-counter (OTC) derivatives post-trade services, are behind the launch of the triReduce CLS Forward FX Compression Service that combines the CLS infrastructure with TriOptima’s compression offering, officials say. Compression is the practice of canceling out… Read More >>
