LME case could redefine exchange powers to cancel trades
European trading venues have broad discretion when responding to market emergencies
Source: risk.net
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Banks raise concerns over Macquarie concentration risk at ASX
Exit of Bell Potter exacerbates shortage of clearing capacity in Australia’s energy market
Australian Securities Exchange Australian Securities Exchange Asx Macquarie Energy Macquarie Group Energy Derivatives Electricity Futures
Source: risk.net
Pension funds face intraday margin calls from anxious clearers
Some banks stick with T+1 margin posting, but others balk at funding cost and counterparty risk
United Kingdom Philip Alexander Cardano Verheijen Max Verheijen European Central Bank European Union
Source: risk.net
Pension funds foresaw margin meltdown (a decade ago)
Years of warnings went largely unheeded. Questions may now spread to post-crisis clearing and margining project
United Kingdom Henrik Olejasz Larsen United Kingdom Pension Protection Fund General Investment Management Pension Protection Fund Bank Of England Boe
Source: risk.net
UK pensions hit with £100m margin calls as gilts and sterling slide
At least three LDI managers request emergency capital as others consider unwinds to avoid default
Source: risk.net
Liquidity risk up 138% at Eurex in Q2
CCP revised estimated worst-case payment obligation to highest level on record
Source: risk.net
Esma to meet with clearing industry over EU energy crisis
Widening eligible collateral on table; ECB intervention would need government indemnities
Authority Esma European Securities Markets Authority Nord Stream Council Of The European Union Uropean Union Eu
Source: risk.net
Buy-side retreats to 'dirty' CSAs amid collateral crunch
Repo market fears prompt insurers and pension funds to revert to bond collateral
Source: risk.net
Hedge Fund Returns Down -2.4% In June 2022
The overall weighted average return for hedge funds administered by the Citco group of companies (Citco companies) was -2.4% in June
Source: valuewalk.com
Share of required margin increases at top EU CCP members
Number of clearing members with total requirements of €10bn and above has been increasing since 2017
European Union Authority Esma European Securities Markets Authority European Securities And Markets Authority Esma Learing Members
Source: risk.net