Derivatives
Divergent monetary policies are top concern for reserve managers in 2016
Asset and currency diversification continues, despite US rate rise
Esma criticises European Commission plans for regulating NFCs
Authority says ‘main business test’ is better than ‘capital-based’ approach
BoE paper: CCP legal framework may need work
Authors see room for improvement in some cases
Vítor Constâncio calls for macro-prudential tools to reach beyond banks
Regulators should gain more powers over derivatives transactions, says ECB vice-president
RBI report lays ground for trading new derivatives
Allowing interest rate options could give firms better hedging opportunities, group says
China permits central banks to trade forex derivatives based on Isda agreements
Debut for international standard agreements in China
Difficult liquidity conditions are here to stay, say Asia conference panellists
Delegates at the 11th FX Week Asia conference hear of tough times ahead
Can inflation derivatives help the ECB hit its inflation target?
The ECB could reinforce its pursuit of price stability by using inflation derivatives
Thai Government Pension Fund eyes deeper bond futures market
Fund has large fixed-income assets but there are limited hedging opportunities available
New swaps margin hub aims to solve disputes pre-call
Matching up risk factors should avoid collateral headaches, hub hopes
CSRC's Xiao Gang on major reforms to deepen capital markets in China
China Securities Regulatory Commission chief outlines plans to unleash private capital
Leverage ratio begins to bite for FX derivatives
Capital-intensive rule for banks begins to bite FX world
Bank of Mexico lays out new rules for local derivatives
Rules come into force for transactions with domestic investors in April 2016
India to become netting friendly on bankruptcy law reform
Different treatment of public and private banks stymied netting – but this could now change
RBI official says India corporates need to increase forex hedging
Potential US rate rise puts rupee depreciation back on the table
BoE researchers posit dual model of interbank markets
Economists 'map' the interbank market to find contagion risks
FSB sees flaws in OTC derivatives reforms
Progress is proving uneven, with numerous issues arising
Powell: Fed will ‘make sure’ swap market can ditch Libor
Central bank will coordinate switch to new risk-free benchmark
Former SEC chair urges US to accept use of NGAs for overseas swaps
Policy-makers urged to allow dealers to insulate overseas swaps activity from Dodd-Frank
Central Bank of Ireland markets chief wants derivatives on TTIP agenda
FMRD talks not true regulatory co-operation, agrees Barnier
ECB's Cœuré weighs pros and cons of central clearing
Executive board member touts benefits, including multilateral netting of exposures, but also warns that differences in regulation may lead to regulatory arbitrage and race to the bottom
Frontloading fears remain despite Esma guidance
Uncertainty has been narrowed by Esma Q&A, but dealers say they will still face pricing headaches
OTC derivatives turnover driven by 'non-dealer' contracts, says BIS
Article in latest BIS quarterly review notes share of inter-dealer trades shrunk to 35% in 2013; trading remains concentrated in major financial centres despite 'rapid' growth in EM currencies
CLS raises £160 million capital from shareholders
Hefty capital raise completed last week to enable CLS to meet demanding new capital requirements and support future growth