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The future of the over-the-counter derivatives market (16.6.2010)

by Manfred Wiebogen, ACI The Financial Markets Association

It takes a few superlatives to describe the OTC derivatives market. Huge, vast and massive would all fit well into such a definition. It is reported that the size of the OTC derivatives market exceeds US$600 trillion. This makes it by far larger than the value of exchange-traded derivatives, the market value of the world’s stock markets and debt securities combined. Les mer...

Currency derivatives: waiting for the next wave of regulations (16.6.2010)

In my earlier contribution to this column I highlighted
the resilience of the FX market shown during the
crisis, went through the regulatory initiatives mulled at
the time and summarized the main risks / challenges being
faced in Forex. As far as FX is concerned, my conclusions
were that regulators should encourage more use of CLS
Bank to reduce Settlement Risk rather than forced
clearing and warned that fresh regulations may hinder the
resilience of the marketplace and its own development. Les mer...

AFME to launch FX division – what purpose now for the ACI? (16.6.2010)

By Wednesday June 2, 17 banks had committed themselves to join the FX division of the
Association for Financial Markets in Europe (AFME). AFME works with allied organizations,
the US-based Securit ies Industry and Financial Markets Association and the Asian Securities
Industry and Financial Markets Association, in communicating the views of the financial
markets industry to regulators, policymakers, and the general public. AFME envisages the FX
division being operational at the end of the summer. Les mer...