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Hints & News “𝐊𝐞𝐲 𝐓𝐫𝐞𝐧𝐝𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐒𝐢𝐳𝐞 𝐚𝐧𝐝 𝐂𝐨𝐦𝐩𝐨𝐬𝐢𝐭𝐢𝐨𝐧 𝐨𝐟 𝐎𝐓𝐂 𝐃𝐞𝐫𝐢𝐯𝐚𝐭𝐢𝐯𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐅𝐢𝐫𝐬𝐭 𝐇𝐚𝐥𝐟 𝐨𝐟 𝟐𝟎𝟐𝟒" Tap here to read more: https://lnkd.in/dZkavnjK The report highlights resilience in the OTC derivatives market, with growth driven by diversification in product types and a steady reliance on clearing mechanisms. However, declines in market value and credit exposure signal ongoing adjustments to macroeconomic and regulatory shifts. #MarketRisk #OTC #Derivatives

𝐇𝐢𝐧𝐭𝐬 & 𝐍𝐞𝐰𝐬 “𝐒𝐰𝐚𝐩𝐬𝐈𝐧𝐟𝐨 𝐅𝐢𝐫𝐬𝐭 𝐇𝐚𝐥𝐟 𝐨𝐟 𝟐𝟎𝟐𝟒 𝐚𝐧𝐝 𝐭𝐡𝐞 𝐒𝐞𝐜𝐨𝐧𝐝 𝐐𝐮𝐚𝐫𝐭𝐞𝐫 𝐨𝐟 𝟐𝟎𝟐𝟒 𝐑𝐞𝐯𝐢𝐞𝐰" Find out more: https://lnkd.in/dZkavnjK The latest ISDA SwapsInfo Quarterly Review shows that interest rate derivatives (#IRD) traded notional and trade count increased in the first half of 2024 compared to the first half of 2023, while index credit derivatives trading activity declined over the same period. Key highlights for the first half of 2024 include: 💡IRD traded notional rose by 9.5% to $197.8 trillion in the first half of 2024 from $180.6 trillion in the first half of 2023. Trade count grew by 10.9% to 1.5 million from 1.4 million over the same period. 💡Cleared IRD transactions made up 74.0% of total IRD traded notional and 76.8% of trade count. 💡IRD transactions executed on swap execution facilities (#SEFs) accounted for 58.2% of total IRD traded notional and 72.3% of trade count. #ISDA #tradingactivity #tradecount #indexcredit

𝐇𝐢𝐧𝐭𝐬 & 𝐍𝐞𝐰𝐬 “𝐒𝐰𝐚𝐩𝐬𝐈𝐧𝐟𝐨 𝐅𝐢𝐫𝐬𝐭 𝐐𝐮𝐚𝐫𝐭𝐞𝐫 𝐨𝐟 𝟐𝟎𝟐𝟒 𝐑𝐞𝐯𝐢𝐞𝐰" Find out more: https://lnkd.in/dZkavnjK The latest ISDA SwapsInfo Quarterly Review shows that interest rate derivatives (#IRD) traded notional and trade count declined in the first quarter of 2024 compared to the first quarter of 2023. Index credit derivatives trading activity also fell over the same period. Key highlights for the first quarter of 2024 include: 💡 IRD traded notional fell by 3.8% to $100.5 trillion in the first quarter of 2024 from $104.5 trillion in the first quarter of 2023. Trade count dropped by 0.4% to 735.8 thousand from 739.0 thousand over the same period. 💡 Cleared IRD transactions comprised 75.3% of total IRD traded notional and 78.1% of total trade count. 💡 IRD #transactions traded on swap execution facilities (SEFs) accounted for 57.3% of total IRD traded notional and 73.4% of trade count. #creditderivatives #Index #interestratederivatives #tradingactivity #SEFs

𝐇𝐢𝐧𝐭𝐬 & 𝐍𝐞𝐰𝐬 “𝐈𝐧𝐭𝐞𝐫𝐞𝐬𝐭 𝐑𝐚𝐭𝐞 𝐃𝐞𝐫𝐢𝐯𝐚𝐭𝐢𝐯𝐞𝐬 𝐓𝐫𝐚𝐝𝐢𝐧𝐠 𝐀𝐜𝐭𝐢𝐯𝐢𝐭𝐲 𝐑𝐞𝐩𝐨𝐫𝐭𝐞𝐝 𝐢𝐧 𝐄𝐔, 𝐔𝐊 𝐚𝐧𝐝 𝐔𝐒 𝐌𝐚𝐫𝐤𝐞𝐭𝐬: 𝐓𝐡𝐢𝐫𝐝 𝐐𝐮𝐚𝐫𝐭𝐞𝐫 𝐨𝐟 𝟐𝟎𝟐𝟒 𝐚𝐧𝐝 𝐘𝐞𝐚𝐫-𝐭𝐨-𝐒𝐞𝐩𝐭𝐞𝐦𝐛𝐞𝐫 𝟑𝟎, 𝟐𝟎𝟐𝟒" Tap here to read more: https://lnkd.in/dZkavnjK The report analyzes interest rate derivatives (#IRD) trading activity reported in Europe. The analysis is based on transactions publicly reported by 30 European approved publication arrangements (APAs) and trading venues (TVs).   #MarketRisk #Derivatives

𝐇𝐢𝐧𝐭𝐬 & 𝐍𝐞𝐰𝐬 “𝐈𝐑𝐃 𝐓𝐫𝐚𝐝𝐢𝐧𝐠 𝐀𝐜𝐭𝐢𝐯𝐢𝐭𝐲 𝐑𝐞𝐩𝐨𝐫𝐭𝐞𝐝 𝐢𝐧 𝐄𝐔, 𝐔𝐊 𝐚𝐧𝐝 𝐔𝐒 𝐌𝐚𝐫𝐤𝐞𝐭𝐬: 𝐅𝐢𝐫𝐬𝐭 𝐐𝐮𝐚𝐫𝐭𝐞𝐫 𝐨𝐟 𝟐𝟎𝟐𝟒" Read more: https://lnkd.in/dZkavnjK The report analyzes interest rate derivatives (#IRD) trading activity reported in Europe. The analysis is based on transactions publicly reported by 30 European approved publication arrangements (APAs) and trading venues (TVs). Key highlights for the first quarter of 2024 include: 📍Total European IRD traded notional reported by APAs and TVs in the #EU and #UK rose by 5.1% to $55.5 trillion in the first quarter of 2024 from $52.8 trillion in the first quarter of 2023. 📍Euro-denominated IRD traded notional grew by 11.1% to $33.2 trillion from $29.9 trillion and accounted for 59.9% of total European IRD traded notional... #tradingactivity #analysis #APAs #TVs

𝐇𝐢𝐧𝐭𝐬 & 𝐍𝐞𝐰𝐬 “𝐈𝐧𝐭𝐞𝐫𝐞𝐬𝐭 𝐑𝐚𝐭𝐞 𝐃𝐞𝐫𝐢𝐯𝐚𝐭𝐢𝐯𝐞𝐬 𝐓𝐫𝐚𝐝𝐢𝐧𝐠 𝐀𝐜𝐭𝐢𝐯𝐢𝐭𝐲 𝐑𝐞𝐩𝐨𝐫𝐭𝐞𝐝 𝐢𝐧 𝐄𝐔, 𝐔𝐊 𝐚𝐧𝐝 𝐔𝐒 𝐌𝐚𝐫𝐤𝐞𝐭𝐬: 𝐅𝐢𝐫𝐬𝐭 𝐇𝐚𝐥𝐟 𝐨𝐟 𝟐𝟎𝟐𝟒 𝐚𝐧𝐝 𝐭𝐡𝐞 𝐒𝐞𝐜𝐨𝐧𝐝 𝐐𝐮𝐚𝐫𝐭𝐞𝐫 𝐨𝐟 𝟐𝟎𝟐𝟒" The report analyzes interest rate derivatives (#IRD) trading activity reported in Europe. The analysis is based on transactions publicly reported by 30 European approved publication arrangements (APAs) and trading venues (TVs). Key highlights for the first half of 2024 include: 📍European IRD traded notional reported by APAs and TVs in the #EU and #UK increased by 9.1% to $109.1 trillion in the first half of 2024 from $100.0 trillion in the first half of 2023. 📍Euro-denominated IRD traded notional rose by 6.1% to $60.8 trillion from $57.3 trillion and accounted for 55.7% of total European IRD traded notional. 📍Contracts denominated in US dollars fell by 16.4% to $15.9 trillion from $19.1 trillion, representing 14.6% of European IRD traded notional. You can find the rest of the article here: https://lnkd.in/dZkavnjK #tradingactivity #analysis #APAs #contracts

𝐇𝐢𝐧𝐭𝐬 & 𝐍𝐞𝐰𝐬 “𝐎𝐩𝐭𝐢𝐨𝐧-𝐢𝐦𝐩𝐥𝐢𝐞𝐝 𝐛𝐨𝐧𝐝 𝐬𝐩𝐫𝐞𝐚𝐝 𝐫𝐢𝐬𝐤" Tap here to read more: https://lnkd.in/dZkavnjK This #ESM paper uses bond-option data to gauge market uncertainty and the magnitude of potential yield and spread moves in case of shocks to sovereign debt markets.   #MarketRisk #SovereignRisk #Bond

𝐇𝐢𝐧𝐭𝐬 & 𝐍𝐞𝐰𝐬 N.116 | 𝐈𝐂𝐌𝐀 𝐄𝐑𝐂𝐂 𝐩𝐮𝐛𝐥𝐢𝐬𝐡𝐞𝐬 𝐢𝐭𝐬 𝐚𝐧𝐚𝐥𝐲𝐬𝐢𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐫𝐞𝐩𝐨 𝐦𝐚𝐫𝐤𝐞𝐭 𝐚𝐭 𝟐𝟎𝟐𝟒 𝐲𝐞𝐚𝐫-𝐞𝐧𝐝 Tap here to read more: https://lnkd.in/dZkavnjK ICMA's European Repo and Collateral Committee (ERCC) has published its annual analysis of how the repo market performed over the recent year-end - 2024 #iasonHintsNews #MarketRisk

The amendment to European Market Infrastructure Regulation (EMIR) proposed in April 2024 will impact the regulatory technical standards (RTS) for validating initial margin (IM) models. Financial institutions are anticipated to face multiple challenges in meeting the requirements before submitting application for validation as well as for ongoing model risk management activities post approval. CRISIL’s latest paper summarizes the RTS and changes proposed in the amending regulation, highlighting key similarities and differences between the proposed standardized and simplified validation approaches and how CRISIL can help across the breadth of topics covered under this regulation. Click here to learn more : https://lnkd.in/dN6Ebg6v   #ModelValidation #ModelRisk #IM   Mike Winn | Maninder (Mandy) Singh | Nageswara Ganduri | Ashok Subramanian, CQF | Bhumika Bhatia, FRM | Pranay G.

𝐇𝐢𝐧𝐭𝐬 & 𝐍𝐞𝐰𝐬 “𝐓𝐡𝐞 𝐟𝐮𝐭𝐮𝐫𝐞 𝐨𝐟 𝐝𝐞𝐫𝐢𝐯𝐚𝐭𝐢𝐯𝐞𝐬 𝐜𝐥𝐞𝐚𝐫𝐢𝐧𝐠 – 𝐟𝐢𝐧𝐝𝐢𝐧𝐠 𝐭𝐡𝐞 𝐫𝐢𝐠𝐡𝐭 𝐛𝐚𝐥𝐚𝐧𝐜𝐞 𝐛𝐞𝐭𝐰𝐞𝐞𝐧 𝐞𝐟𝐟𝐢𝐜𝐢𝐞𝐧𝐜𝐲 𝐚𝐧𝐝 𝐫𝐞𝐬𝐢𝐥𝐢𝐞𝐧𝐜𝐞?" Read more: https://lnkd.in/dZkavnjK Whereas #EMIR 3.0’s main focus was geared towards the Active Account Requirement and whether or not to centralise the supervision of EU CCPs with the European Securities and Markets Authority (ESMA), regulators and market participants would be ill-advised to let discussions over third-country CCP equivalence issues and supervision of CCPs distract them from other important and persistent challenges in the derivatives clearing #markets. In this #policy brief, the authors focus on three pressing issues that require attention: clearing access and capital rules, portability and clearing models, as well as liquidity and collateral optimisation. Failure to address them risks undermining the key driver for derivatives clearing, which is increasing financial stability. #EU #CCPs #ESMA #liquidity #risks #financialstability