Post-crisis accounting trick haunts clearing brokers
FCMs gave up interest income for capital savings when rates were low. Now, some want it back
Source: risk.net
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LME clearing house cuts size of minimum default fund
The clearing house of the London Metal Exchange said on Tuesday it would cut the size of its default fund, reflecting a lower level of risk over the previous six months. In the event of... -Today at 12:57 pm- MarketScreener
Source: marketscreener.com
FCM client margin for swaps hit record high in June
JP Morgan, Barclays drive required funds increase, with UBS doubling prior-year figure
Commodity Futures Trading Commission Commodity Futures Trading Commission Cftc Jp Morgan Bank Of America Goldman Sachs Credit Suisse
Source: risk.net
Banks prepare for battle with Fed over G-Sib rules
Proposals would kill client clearing business, FCMs claim – but postponement is a chance to fight back
Federal Reserve Daniel Tarullo Basel Committee On Banking Supervision Bcbs Federal Reserve Financial Stability Board Fsb Securities Industry And Financial Markets Association Sifma
Source: risk.net
LME model quirk saved members $915m nickel margin
Report on March 2022 blow-up says CCP may need to “intervene” on deduction of VM gains from IM
Source: risk.net
Like your CSA dirty? It'll cost more
Buy-side firms have to pay up if they want to post corporate bonds to their dealers, but prices vary
Source: risk.net
LCH Ltd's RepoClear margin model gets a makeover
Changes aim to make margin models for gilt repo more sensitive to market moves
City Of United Kingdom Kingdom Registered Repoclear Nited Kingdom Uk Initial Margin Liability Driven Investment Ldi
Source: risk.net
JSCC's IRS unit hit by record margin breaches
Interest rate volatility drives coverage level below CCP’s risk appetite, triggering IM methodology review
Japan Securities Clearing Corporation Japan Securities Clearing Corporation Jscc Learing Members Initial Margin Margin Call Nterest Rate Swaps
Source: risk.net
Sovereign bonds top choice for IM collateral
Drive towards higher interest-earning assets strongest at CME and LCH among top CCPs
Risk Quantum Committee On Payments And Market Infrastructures Cpmi International Organization Of Securities Commissions Iosco Cme Group Japan Securities Clearing Corporation Jscc Ice Clear Credit
Source: risk.net
Ice Credit makes biggest IM call since early pandemic
Aggregate peak calls were 17% higher in Q1 than previous quarter across 25 clearing houses
Japan Securities Clearing Corporation Ice Clear Credit Japan Securities Clearing Corporation Jscc Committee On Payments And Market Infrastructures Cpmi International Organization Of Securities Commissions Iosco Nited States Us
Source: risk.net