The Global rules for the OTC derivatives have been implemented in the US and are imminent in Europe that will have imagessignificant long-term implications for how hedge funds, asset managers and regional banks execute, clear, and report their swap positions.

Jack Callahan Executive Director of OTC products and services at CME Group shared some of his views reading between the lines as second phase of the OTC clearing mandate that is required under the Dodd-Frank legislation. This means that those firms defined as part of Category 2 (hedge funds, asset managers and regional banks) that trade swaps must move very quickly to finalize central clearing arrangements. Continue reading

Advertisements