Some banks are raising doubts about Eurex Clearing's new model for direct buy-side clearing, saying they have yet to be convinced the central counterparty's (CCP) plans will yield the capital savings promised.
Eurex, which says there has been no objection from regulators to its ISA Direct model to be rolled out in the second half of 2016, argues the concerns are baseless.
The model allows buy-siders to trade directly with the CCP under the sponsorship of a bank clearing agent – thereby relieving
The week on Risk.net, October 6-12, 2017Receive this by email
- Quantile, TriOptima face off in cleared swaps compression battle
- SGX, HKEX expect to be among first wave of Mifid II equivalence
- Leaked EU doc could shield legacy swaps from clearing grab
- ABS set for revival under US Treasury’s liquidity buffer plans
- Quants stymied by lack of alternative risk premia flows data