Credit Suisse has leapfrogged Barclays to become the biggest over-the-counter derivatives clearer in the US, as measured by the amount of client margin its futures commission merchant (FCM) is required to hold. As of June 30, the Swiss bank faced a requirement of at least $7.2 billion for cleared swaps – a figure that has shot up 83% in the past eight months – according to data compiled by the National Futures Association (NFA).
The NFA started publishing data on swaps collateral by FCM in Augus
The week on Risk.net, October 6-12, 2017Receive this by email
- SGX, HKEX expect to be among first wave of Mifid II equivalence
- Quantile, TriOptima face off in cleared swaps compression battle
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- ABS set for revival under US Treasury’s liquidity buffer plans
- Quants stymied by lack of alternative risk premia flows data