Without immediate action, FX settlement risk will continue to accumulate and introduce vulnerabilities into the global financial system, says Margaret Law at CLS.
October 16, 2020The rules are applicable to India-regulated financial firms, IFSC banking units, and FPIs with non-cleared derivatives exceeding 500bn rupees.
September 8, 2020Trust funds in Japan have started focusing on mitigating FX settlement risk, to which they have long been exposed. This article explains the change in focus and the factors behind this.
July 27, 2020Market participants who are not themselves clearing members of OTC Clear can gain access to the benefits of central clearing through existing clearing members.
June 16, 2020Project Ion seeks to further optimise the settlement process in public markets. Project Whitney explores the use of asset tokenisation and digital infrastructure to support private markets.
May 19, 2020Prompted by a Budget proposal to introduce netting legislation "soon", the RBI says it will likewise issue directions on the exchange of margin for non-centrally cleared derivatives.
February 11, 2020ISDA proposes 8 principles sanctions authorities can consider to ensure safe operation of markets, and minimise derivatives market disruption and economic consequences for non-sanctioned entities.
December 25, 2019IM requirements will be phased in for firms with AANA exceeding HK$375bn starting from 1 September 2020, the same date VM requirements take effect.
December 19, 2019The new rules from Bank Indonesia will take effect from June 2020, but the first CCPs for derivatives markets are unlikely to be operational until 2023.
October 4, 2019The rules cover financial resources management and multilateral netting, specifying how the CSDC will handle defaults from settlement participants.
August 16, 2019