Credit Suisse has added assets from its equity derivatives and prime services business into its “Strategic Resolution Unit” (SRU), a unit focused on the offloading of unwanted assets, as the new CEO continues to shrink the investment bank.
Central counterparty (CCP) costs are driving the buy-side decisions on where to clear their derivatives trades, according to a new report from TABB Group.
Eurex Clearing is the sixth non-US CCP to win CFTC approval for derivatives clearing.
The majority of buy-side firms, including pension funds, are expected to begin clearing of derivatives from the second half of 2017.
The introduction of new margin requirements for OTC derivatives will impact the buy-side more than anyone else, according to a panel.
Clearstream chairman and member of the executive board of Deutsche Boerse Jeffrey Tessler will head up the combined derivatives units of the German group in a new setup for 2016.
Direct buy-side membership of a clearing house is not risk-free itself; new models of direct membership are being explored to shake off fears about clearing brokers.
Global Custodian looks at the top 10 trends for 2016 including what to expect in the worlds of technology, post-trade and cyber-security.
Russian securities depository, the National Settlement Depsitory (NSD) has begun electronic matching of all countparties to OTC trades to help cut risks for its clients.
Proposals to create a harmonised Unique Product Identifier (UPI), an alphanumeric code designed to help identify over-the-counter (OTC) derivative products, have been laid out by the Committee on Payments and Market Infrastructures (CPMI) and the International Organization of Securities Commissions (IOSCO).