The implementation timeline for the new framework on client collateral segregation and monitoring has been extended to 2 May 2022.
March 7, 2022ESMA has identified four elements of climate risk that may adversely impact CCPs - physical risk, rapid transition risk, business risk, and collateral replacement risk.
March 2, 2022SEBI proposes to progressively raise the net worth requirements for trading members, clearing members and depository participants by October 2023.
October 3, 2021The changes align CDP’s default management process with global practices, improve efficiency, and enable speedier resolution of any clearing member default.
September 6, 2021Divergences of local implementation timelines could have unintended knock-on effects on certain bank and bank-affiliated clearing members.
June 1, 2021From 30 November 2020, the new service will relieve clearing members from having to create payment instructions to settle amounts due to OTC Clear each day.
November 18, 2020Foreign banks in Hong Kong that are unable to become full clearing members can use the 'Sponsored Settlement Member' model to access central clearing via OTC Clear.
August 31, 2020CPMI and IOSCO have asked CCPs to address a number of issues related to default management auctions within 24 months.
June 27, 2020SEBI found that trading and clearing members used by mutual funds were diverting client funds and securities to meet their own or third-party margin or settlement obligations.
December 26, 2019For-profit CCPs have incentives that are misaligned with financial stability, typically holding less capital and requiring less from clearing members than is optimal, says a BIS working paper.
February 27, 2019