Latest entries

    BCBS-IOSCO: Increasing the Margin Period of Risk

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    The central counterparty (CCP) market keeps expanding, with clearing houses offering an increasing number of clearable securities and netting efficiencies. But what does the future hold for over-the-counter (OTC) derivatives that are as yet unclearable? These bilateral trades will be subject to the Basel Committee on Banking Supervision and the International Organization of Securities Commissions...

    Trade Reporting: Can You Sustain the Status Quo?

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    With an average spend of nearly $25 million to achieve compliance for both Dodd-Frank and EMIR, many banks have implemented basic compliance—often with more than one trade reporting system servicing different silos of the bank. Now additional regulations and further enhancements, including MiFID II/MiFIR and requirements in other regions, are poised to effect even more change. And, it’s likely th...

    Portfolio Reconciliation: Why Go It Alone?

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    As over-the-counter (OTC) trade reporting is being implemented around the globe, market participants and regulators have growing concerns about the accuracy of the data being reported. The US Commodity Futures Trading Commission (CFTC) and the European Securities and Markets Authority (ESMA) have stipulated that institutions must establish processes to identify and monitor disputes for bilateral ...

    Energy Risk USA: How Energy Markets are Waking Up to Analytics & Collaboration

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    As we head into the Energy Risk USA Conference this year, I look forward to sharing with you insights into analytic and collaboration trends in today’s fast-evolving energy markets. The industry-wide potential and value-generation impact of these trends will be of interest to energy professionals dealing with the logistics and commercial and risk management concerns of their companies. My present...

    Collateral Management: When Does It Make Sense to Outsource?

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    With complex and far-reaching regulations mandated by the US Commodity Futures Trading Commission (CTFTC), the European Securities and Markets Authority (ESMA) and other regulators, the environments for both the buy side and sell side have changed dramatically. The proposed regulations bring eligibility rules for collateral and mandatory reporting requirements into focus—making collateral managem...

    ISDA AGM 2015: Fragmentation, harmonization and standardization

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    In April, Sapient Global Markets, along with other market participants, descended on Montreal for ISDA’s 30th Annual General Meeting.  As noted in our pre-event blog, much of the conference focused on the impact of regulation, intended and unintended, and how firms are reacting to the changes. In particular, consideration was given to how markets are fragmenting, and what the industry can do...