Displaying results 21 - 30 of 142
… crisis. But the structure of certain swaps and the lack of capital and margin standing behind transactions created … must make a payment to another participant who has gains. The clearinghouse always has a balanced or “matched” … that had a loss at one clearinghouse might actually have gains at other clearinghouses. Risk was also diversified …
… under the implementation process and the implications of capital and margin on the end-user community. Are All … exposure associated with their bond portfolios and to gain customized exposure to certain asset classes. As the … our staff if you have any questions about the proposals. Again, let me thank Reval for inviting me to participate in …
… the storm came. We cannot afford to make that mistake again. We need a much more realistic picture of the markets … instruments, and other instruments, onto clearing, the gains that we have made are at risk. The application of a capital charge to the segregated funds set aside to secure …
… of clear guidelines we’re putting in place today to ensure against improper comingling of funds at Futures Commission … an early warning system on seg violations; amends FCM capital requirements to require that FCMs demonstrate, upon … of time for compliance. And it provides for a study to gain more information and a full five years for the …
… Listed on the New York Stock Exchange, CME now has a market capitalization of over $14 billion. The phenomenal domestic growth has been matched by gains in trading overseas. During the last five years, the … 2.5 billion contracts. Eurex AG reported one of the largest gains in volume, with an increase from 320.7 million …
… of a daily mark-to-market process, the settling of gains and losses and the imposition of independently … should include an audit trail so that regulators can guard against fraud, manipulation and other abuses. Regulators also … clearing requirement should be required to meet heightened capital standards. This would allow end-users to hedge using …
… sheets. And looking forward, recent changes to Basel capital rules will take root and will move banks even … has written a recent book called Antifragile: Things that Gain from Disorder. He notes that systems that are not … but the risk will flow back here. Conclusion Once again, I want to thank the IIB and its members for inviting …
… As noted in the Treasury Department’s report on the U.S. capital markets, restrictive Federal Reserve Bank account … toolboxes to aid in a potential recovery. These include gains-based haircuts, juniorization rules, new auction … threat to the cleared financial system. As a global capital requirement for banks, the SLR is intended to …
… accounts for upwards of $650 trillion! Off the chart again! That’s globally, to be fair, but a lot of it is here … be left swinging, too. Therefore, we’re instituting new capital and margin requirements and clearing. Most of us … their entire firm’s reputation and existence on short-term gain. The irony is this belief system of “profit is …
… of swap dealers and major swap participants, including capital, margin, reporting, recordkeeping, and business … derivatives markets, mitigate systemic risk, and protect against market abuse. I am confident that US financial … costs through customized swaps, and speculators seeking to gain price exposure. As prices escalated in 2007 and 2008, …