Blog

After three years of review and consultation, the European Union agreed Tuesday January 14, 2014 to adopt MiFID II regulation, with some modifications. Still in preliminary stages, MiFID II, or the Markets in Financial Instruments Directive, contains numerous stipulations that attempt to increase the transparency and safety of the financial markets. Key highlights of MiFID II include the creation

A leading electronic swap trading platform provider, Javelin Capital Markets LLC, is now closer to fulfilling the process required to list swaps in compliance with the CFTC’s new rules. The firm recently completed filing its request to the CFTC, after which there is now a 90 day approval period. Following that, if accepted, Javelin will be one of the first firms to offer users the ability to trade

FINCAD and our German partner, Nagler & Co., co-hosted a one-day conference in Vienna, Austria on Wednesday December 4th. Approximately twenty representatives from as many Austrian bank risk departments were in attendance. The morning consisted of a focus on the latest regulatory initiatives surrounding counterparty credit risk – specifically regarding margin requirements for non-centrally cleared

In my last post, I asserted that common usage of the term model, in the context of derivative pricing, is too narrow and should be widened to include the full set of modelling assumptions relevant to a given valuation. When using the word in this sense, I will write Model with a capital M. So what's in a Model? How do we interact with it? Let's start by getting something out of the way - some

It’s been well over a year since EMIR, the regulatory cousin to the US Dodd-Frank Rule, began to be enforced. While the regulations which make central clearing for some OTC derivatives, risk management and trade reporting mandatory, are not seen to be as clenching as the American version, they are at least as cumbersome to follow, and are taking even longer to roll out. So how is the industry