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January 7, 2013
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Daily coverage for the global derivatives industry

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Certainty in Seconds: Real-Time OTC Clearing
At CME Group, you don't have to wait 15 minutes to find out if your OTC trade has been accepted or rejected. Get certainty in seconds with secure, flexible, real-time OTC Trading at CME Group. You'll discover the unparalleled capital efficiencies that come from one clearing house for multiple asset classes. Click here to learn more.
  Industry News and Trends 
  • Analysis: New rules for derivatives favor platform consolidation
    Derivatives are at the core of the merger of NYSE Euronext and IntercontinentalExchange, Helen Bartholomew writes. The regulatory push to get derivatives centrally cleared opens up new business lines for exchanges with a global reach, product breadth and cutting-edge technology, and those elements combined allow exchanges to create and list "contracts that mirror the economics of [over-the-counter] derivatives," Bartholomew writes. International Financing Review (free content) (1/5) LinkedInFacebookTwitterEmail this Story
How Much Do You Really Need to Make? The Answer May Shock You
Rather than focus on what you can afford to pull out of the business to cover your living expenses, you need to focus on how much you need to earn at your business in order to afford the lifestyle you want to have. This is where the Personal Earnings Goal, or PEG, comes into play. Learn how to calculate your PEG and find out how much you really need to make.

  Regulatory Roundup 
 
  • Foreign banks get no relief on swaps push-out
    The Office of the Comptroller of the Currency has repeated a mistake embedded in the Dodd-Frank Act concerning foreign banks, Matt Cameron writes. Non-U.S. financial institutions that conduct swaps in their American branches still will have to shift those activities into a separate legal entity by mid-July. U.S. banks can get a three-year "safe harbor" from the rule, Cameron writes. Risk.net (subscription required) (1/4) LinkedInFacebookTwitterEmail this Story
  • Initial margin for OTC swaps gains support of Fed's Yellen
    Federal Reserve Board Vice Chair Janet Yellen says she supports a proposal to require traders to post initial margins on many swaps that would not be standardized and subject to clearing mandates this year. "A more robust and consistent margin regime for non-centrally cleared derivatives will not only reduce systemic risk, but will also diminish the incentive to tinker with contract language as a way to evade clearing requirements," Yellen said at an industry event. However, critics say the proposal could harm global over-the-counter trade. Reuters (1/4) LinkedInFacebookTwitterEmail this Story
  • FSA is criticized for slow response to swaps mis-selling
    The U.K. Financial Services Authority is accused of responding only fitfully to help small investors who were mis-sold complex interest rate derivatives. "I cannot understand why HSBC has had to pay out billions of pounds to the U.S. regulator [on money-laundering charges] when, closer to home, individuals like me continue to struggle financially due to being mis-sold a base-rate swap," retail investor Rachelle Cohen said. The Telegraph (London) (tiered subscription model) (1/6) LinkedInFacebookTwitterEmail this Story
Building Workplace Trust 2015
Interaction Associates' 6th annual research study tracking trust on the job, Building Workplace Trust, is out, and more than half of employees surveyed give their organizations low marks for trust and leadership. Yet this year's findings again point to how high trust leads to better outcomes and financial results — and even boosts innovation.

  SmartQuote 
Live as if you were to die tomorrow. Learn as if you were to live forever."
--Mahatma Gandhi,
Indian lawyer and activist


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