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Aujourd’hui, New City Initiative regroupe 42 sociétés indépendantes de gestion d’actifs, dont quelques une des plus importantes en Europe. Les membres gèrent collectivement environ 350 milliards d’euros et emploient plusieurs milliers de personnes.

Displaying items for Aug 2019

Managers Get Relief on Bilateral Margining

Managers Get Relief on Bilateral Margining

Reform of the $595 trillion OTC derivatives market has been a regulatory priority ever since the financial crisis. While strong progress has been made towards transitioning vanilla OTC products into centralised clearing, a lot of contracts – either because their underlying properties do not align with CCPs’ exceptionally strict risk criterion or they are just too complicated – are still traded bilaterally between counterparties. Regulators concede these bilateral OTC trades are a systemic risk, but there are growing concerns – at least from the buy-side – about the regulatory treatment being levelled on some of these uncleared OTCs. Six years ago,…

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