Our News page provides you access to company press releases, CMA professionals in the news, industry recognition and the CMA company brochure. It also provides access to our thought leaders who regularly contribute articles, blogs, quotes and viewpoints on matters affecting the financial industry. In addition, our News tells you when we’re speaking at industry events. From September 9-11, CMA Partner Michael Hartig spoke at the International Securities Association for Institutional Trade Communication (“ISITC”) conference in Washington, DC presenting about “Preparing for New Regulation”. On October 3 in New York, he spoke about FATCA compliance applied to Corporate Actions at the FTF Conference on Corporate Actions Processing. On October 19, CMA Partner Mike Zimits led a panel on, and spoke about Collateral Management & Risk Management of non CCP-cleared trades at the SCI’s 3rd Annual OTC Derivatives Seminar produced by Structured Credit Investor with co-sponsors CME Group, Bingham McCutchen LLP and InterContinental Exchange “ICE”.
OCREUS Group and Capital Markets Advisors LLC (CMA) are pleased to announce a new partnership arrangement As both of these exciting expanding businesses continue to grow and extend their geographic reach across the financial services sector, the announcement of the partnership of these two sister businesses, formalises the offering structure leveraging the resources, skills, knowledge and local expertise to form a truly global offering to our clients across the global… Read More »
Tim Cave and Anish Puaar | 07 Aug 2014 The proposed European financial transaction tax may be collected through a central industry utility, raising the possibility of using existing market infrastructure such as trade repositories to gather the levy. The creation of a “dedicated tax collection utility” is one of four options listed in a European Commission document on the FTT’s “collection methods and data requirements”. The document, seen… Read More »
Move Seen as Preparation for Fed Eventually Raising Interest Rates Katy Burne Aug. 6, 2014 1:21 p.m. ET CME Group Inc. is raising margin requirements for most customers using its interest-rate swaps-clearing services, the latest sign of financial institutions girding for possible rate increases over the next year. The adjustments, which took effect Monday, mean that clients whose portfolios call for more margin under the new parameters will have… Read More »
Traders Magazine Online News, August 4, 2014 John D’Antona Jr. With more trading and risk in the swaps market, clearinghouses should be more open and disclose their operating procedures for the benefit of the marketplace. That’s the viewpoint of market consultancy Tabb Group, which said in a recent report that the concentration of risk among central counterparties in the new global market structure must be accompanied by a proportional… Read More »
Aug 01, 2014 Cross-margining offered by Europe’s biggest clearing houses has been called into question by clearing members, amid concerns competition in this area will increase risk in the derivatives market. Clearing firms have highlighted that a potential race to the bottom could lead to under-collateralisation and risk cross-contamination between default funds. Under the new regulatory regime of centrally cleared swaps, firms are required to post collateral as initial margin… Read More »
Fri Aug 1, 2014 12:59pm EDT By Davide Scigliuzzo, Reuters NEW YORK, Aug 1 (IFR) – The International Swaps and Derivatives Association (ISDA) on Friday declared Argentina in default, which could trigger payments worth up to USD1bn on credit default swaps. ISDA’s determinations committee voted unanimously that a “failure to pay” event occurred on July 30, when Argentina missed a coupon payment on some restructured foreign-law bonds. The ISDA… Read More »
Jul 29, 2014 New margin requirements for uncleared derivatives come in to force in 2015 and requires significant technological and operational investment. Big banks may well be prepared, but many institutions may be surprised to find themselves caught in the net. Grant Murgatroyd reports. The clock is ticking. On December 1, 2015 large financial institutions will be subject to new, onerous, regulations for non-cleared margin requirements. Initially only institutions… Read More »
Europe to boost visibility with new venues, writes Peter Green of Morrison Foerster Amongst the most sweeping changes introduced under the new Mifid II legislation are those relating to pre- and post- trade transparency for transactions executed on trading venues. Transparency requirements under the existing Mifid regime are limited to shares admitted to trading on a regulated market. These new rules will apply to equity-like instruments, including depositary receipts and… Read More »
IFR 2043 26 July to 1 August 2014 By Christopher Whittall As a consultation on landmark reforms that will irrevocably change the face of European financial markets draws to a close, a fundamental and deceptively simple question remains at the centre of the regulatory debate: how to define market liquidity. At stake is the range of products that will be captured by beefed-up pre and post-trade transparency requirements under… Read More »
By Gina Chon in Washington Financial Times The Federal Reserve Bank of New York is stepping up pressure on the biggest banks to improve their ethics and culture, after investigations into the alleged rigging of benchmark rates led officials to conclude bankers had not learnt lessons from the financial crisis. The investigations into the alleged manipulation of Libor and foreign exchange rates produced emails and other evidence that NY… Read More »
The transition from LIBOR to the Fed-published Secured Overnight Financing Rate (SOFR) or possible alternatives is motivated in large part by the mandated cessation of… Read More »
Building on the success of our first FRTB roundtable discussion held on December 9, 2020, we are offering a very select group of bank dealers… Read More »
FRTB will be far more challenging than traditional risk capital regulations due to the lack of regulatory clarity over the boundaries between banking and trading… Read More »
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