JD Supra

Avoiding Collateral Damage: Lessons of Lehman [Part II]

In light of the banking failures of Silicon Valley Bank, Signature Bank and First Republic (as well as Credit Suisse), this summer, the Federal Reserve and the FDIC proposed guidance and rules for ...
JD Supra

COVID-19: Crisis Management for End-Users of Swaps and Repos: Key Issues in Responding to Margin Calls and Early Termination Notices

Counterparties to swap and repurchase transactions have come under pressure following the financial dislocations caused by the novel coronavirus pandemic in 2020 (“COVID-19”). Falling and illiquid ...
The TRADE

HSBC launches OTC clearing collateral service ahead of swap clearing reforms

Automated collateral management will be key under G20 swap clearing rules, due to come into effect for most firms in December this year. HSBC Securities Services announced the launch of its ...
Reuters

ECB changes collateral rules, foreign exchange swaps

FRANKFURT, Oct 15 (Reuters) - The European Central Bank issued the following statement on Wednesday explaining changes to its collateral rules and announcing new U.S. dollar foreign exchange swap ...
Reuters

U.S. regulator gives grace period for swaps collateral rule

WASHINGTON, Feb 13 (Reuters) - The U.S. derivatives regulator on Monday gave swaps dealers a six-month grace period to comply with a variation margin rule that becomes effective March 1, saying most ...