Tag: LCH.Clearnet

Risky Business (The Deal)

Central clearing for OTC derivatives has become a pretty competitive business, driven mostly by soon to be in place regulatory mandates.  This story digs into LCH.Clearnet’s postion now and going forward: “One of the biggest things holding them back is that they’re still viewed as a dealer’s club,” McPartland says. In contrast, he says the […]

CFTC Is Said to Propose That Banks Own 20% of Credit Swaps Clearinghouses (Bloomberg)

The Lynch Amendment is back.  The CFTC is expected to release its first set of proposed rules related to OTC derivatives reform this Friday and it is expected that those rules will include limits on dealer ownership of clearinghouses (among other things).  I get the logic, but from what we know of the expected proposal […]