Articles
-
1 month ago |
risk.net | Nancy Qu
Japan Securities Clearing Corporation is introducing an agency model for offshore investment firms seeking to clear Japanese government bond (JGB) transactions, the clearing house tells Risk.net. JSCC has already garnered flows from around 80% of Japanese bond trading, primarily conducted by local banks, and now it wants to further boost cleared market liquidity by introducing non-Japanese institutions to JGB clearing.
-
1 month ago |
risk.net | Nancy Qu
Japan Securities Clearing Corporation is introducing a sponsored model for offshore investment firms seeking to clear Japanese government bond (JGB) transactions, the clearing house tells Risk.net. JSCC has already garnered flows from around 80% of Japanese bond trading, primarily conducted by local banks, and now it wants to further boost cleared market liquidity by introducing non-Japanese institutions such as money market funds to JGB clearing.
-
2 months ago |
risk.net | Nancy Qu
Asian firms may be underprepared for the arrival of mandatory clearing in US Treasury cash and repo transactions, market participants are warning, due to uncertainty over the extraterritorial reach of the rules. A senior repo executive at a global bank says Asian firms are "definitely not that well versed" in the implications of the mandate adopted by the US Securities and Exchange Commission (SEC) in December 2023.
-
Jan 19, 2025 |
risk.net | Nancy Qu
Banks' implementation plans for the new market risk capital framework are starting to lose momentum in Australia, say consultants, as the timetable for the Australian Prudential Regulation Authority (Apra) to consult on the new rules has become uncertain. However, some hope the regulator will seek to devise the rules in a way that spurs greater adoption of internal models.
-
Nov 17, 2024 |
risk.net | Nancy Qu
The March 2023 bail-in of additional tier 1 (AT1) bonds issued by Credit Suisse sparked a lively debate. Some suggested the bonds had acted as intended, allowing a relatively smooth rescue operation by UBS. Others suggested the market reaction showed a wide gap between the regulatory expectation that AT1s can be used as loss-absorbers in a going-concern scenario, and the investor expectation that they will only be bailed in during a resolution process.
Try JournoFinder For Free
Search and contact over 1M+ journalist profiles, browse 100M+ articles, and unlock powerful PR tools.
Start Your 7-Day Free Trial →