MiFID II: A Game Changer for the Swaps Market? – Profit & Loss Ask any swaps market participant what their number one priority is right now and you’ll only receive one answer: “MiFID II is the card that’s trumping everything right now.
ISDA to Review Stance on Name Give up – Profit & Loss Following the decision by a group of banks, Markit and ISDA to settle charges they collectively sought to block outside participants from entering the credit default swaps (CDS) market, ISDA is apparently set on reviewing its stance on the controversial name give up model.
WFE Rejects One-Size-Fits-All Approach to CCP Capital – Risk.Net (subscription) Central counterparties should not be forced to implement uniform skin-in-the-game capital requirements, the World Federation of Exchanges says. “Inordinately large, standardized contributions by CCPs may serve to permit clearing members to take on additional risks effectively subsidized by others.
UK Ombudsman Delivers Further Blow to Brokers Over January 15 – Profit & Loss The UK’s financial ombudsman has issued an initial opinion finding that broker CMC Markets was wrong to re-price trades executed in the Swiss franc on January 15.