A recent consultation by the Financial Stability Board has further highlighted a deep schism in the industry over the procedures for resolving a failing clearing house
Latest articles from Farah Khalique
FSB urges jurisdictions to remove legal barriers and share more derivatives data
The FSB is keen to see financial centre share more data about derivatives trades to drive greater transparency, but this does mean tackling legal barriers in individual jurisdictions
Breakthrough on stalled EU banking package
November 2018 saw some important movement among EU law-makers on the banking package, which should help pave the way for the block's long delayed banking union. By Farah Khalique.
Finding common ground gets harder for regulators
Equivalence reform is needed in the EU but is unlikely to happen soon, as regulators engage in a war of words that suggests divergence, rather than convergence, is on the cards. By Farah Khalique.
US deregulatory moves could be challenged after mid-term elections
US mid-term elections could throw a spanner in the works of president Donald Trump’s deregulation agenda if the Democrats were to gain enough seats
Can the CFTC crack cross-border swaps?
CFTC chairman J Christopher Giancarlo has been on a charm offensive in a bid to win over other regulators towards creating a more level playing field for cross-border swaps regulation. By Farah Khalique
FSB sees potential problems with rules on clearing OTC derivatives
In a recent report, the FSB found a number of issues with reforms designed to make the over-the-counter derivatives market safer. Market participants also have gripes with the regime
Risk concentration raises questions about CCP safety
An incident involving a single trader in Norway making a big loss and a consultation from the Financial Stability Board has once again raised questions over whether central clearing houses could after all pose a potential risk to the financial system
FSB draws mixed responses over infrastructure finance findings
Market participants and industry associations have given mixed reactions to the FSB’s findings on the impact of regulation on infrastructure finance. By Farah Khalique.
Industry scrambles for solutions to make new interest rate benchmarks work
The determination of regulators to ditch the use of the Ibor interest rate benchmarks and swap them for new ones is increasing concern among some market participants that the replacements will not be up to the job. By Farah Khalique.
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