Editor-at-Large, Risk.net @Risknetnews

Joined January 2011
19 Photos and videos
Harvey who is 12 has started a petition for an Annual NHS Day to recognise our NHS and its staff. Harvey has been shocked with the number of coronavirus deaths and wanted to do something to make a difference. Please do consider signing and sharing - chng.it/zCsjDbVd
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Bad clocks block FX best-ex. To get a good deal in fast-moving FX markets, buy-side firms need to know the time. Some of them don’t fxweek.com/4591956

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ECB: Facebook’s Libra a “black hole” of legal certainty, but current global standards fit for purpose to underpin digital assets fxweek.com/4575011

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Insight Investment targets dodgy last-look claims as asset manager finds actual hold times are at odds with dealer disclosures - fxweek.com/4493356

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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

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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

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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…
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Brexit fear drives futures trades out of London. Transitions via FIA protocol have escalated since January as no-deal concerns mount risk.net/6530226

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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

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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

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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

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Functional programming reaches for stardom in finance. Fans highlight more reliable code, and suitability for complex tasks and distributed ledgers risk.net/6395366
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Margin or membership? Regulators react to Nasdaq default Responses of national supervisors reveal no appetite for mandatory increase in futures MPOR risk.net/6366441

A threat to the Ion throne? Banks need connections to e-trading venues; they don’t want the other services that come with them risk.net/6279376

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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

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UK pension funds may have to clear, post-Brexit. Delays to Emir review raise fears that UK schemes may lose exemption risk.net/6181776

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

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After Nasdaq, cracks appear in foundation of clearing as industry debates risk sharing, auction rules and ‘skin in the game’ at CCPs risk.net/6079516

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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

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