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Trade reject codes lack clarity – BoE official. Schroders and BoE criticise mish-mash of codes, as Investment Association presses for standardisation. fxweek.com/4471741
Esma probes blurred line between FX vendors and venues. Forex liquidity aggregators resemble trading platforms – but are not regulated as such, critics charge risk.net/6933016
Isda backs regulatory push on derivatives data project. Risk Live: Common standards for trade reporting should be mandatory, argues senior industry representative risk.net/derivatives/6775411…
US version of SA-CCR could hurt settled-to-market swaps. Capital requirements on a client’s hedged options portfolio could increase by 1,100% risk.net/6515131
Patchy response to Isda’s back office of the future. Some banks are quiet, while clearing houses seem split on uptake of Isda data-standardisation project risk.net/6512226
ASX to offer blockchain free to lure early adopters. Teaser intro would be for three years, while users would still be charged for Swift and AMQP connections risk.net/6469891
Functional programming reaches for stardom in finance. Fans highlight more reliable code, and suitability for complex tasks and distributed ledgers risk.net/6395366
Margin or membership? Regulators react to Nasdaq default Responses of national supervisors reveal no appetite for mandatory increase in futures MPOR risk.net/6366441
BIS slams Nasdaq Clearing for risk management failures. Clearing member says it is giving notice to quit bourse, citing concerns over concentration of risk on venue risk.net/6232391
Banks demand greater scrutiny of CCP margin add-ons as Nasdaq Clearing blow-up prompts questions over CCPs’ methods of applying top-ups to concentrated positions risk.net/6148866
EU’s further intragroup clearing relief: banks want more. Esma proposes to extend exemptions from clearing obligation but industry wants permanent solution risk.net/6022821
Hackathon finds pre-trade gold in Isda’s post-trade project. Dealers’ derivatives trade processing costs could be cut by at least $3 billion per year risk.net/5988311