Some banks stick with T+1 margin posting, but others balk at funding cost and counterparty risk
Hammer time? Clearers mull co-operation on default auctions
Spurred by Iosco, some CCPs are mooting joint auctions to help resolve large defaults – but critics deem them unworkable
BNP leads a comeback for Europe’s clearers
Brexit, leverage ratio tweaks and concentration fears could help European banks compete with US FCMs
US clearers move to dole out losses besides default
ICC wants members to chip in on investment and custodial losses; the OCC, on the whole op risk enchilada