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Yesterday, the CFTC announced that it has implemented the third phase of required clearing for credit default swaps and interest rate swaps.

The failure of many buy-side firms to meet the June 10 Category II OTC clearing deadline will lead to a compression in US swaps trading activity and a liquidity drain of approximately US$55 trillion in notional terms.

GDP growth for the 28 countries forming the European Union has gathered pace, according to Q4 2013 flash estimates released today by Eurostat.

The derivatives industry is currently split on the use of Financial Products Markup Language (FpML) and the Financial Information eXchange (FIX) Protocol for reporting to swap data repositories (SDRs).

The final wave of the swaps clearing mandate will hit in September. But entering into a clearing agreement doesn’t mean swaps trading will be risk-free, as CCPs hold the potential to be an extraordinarily risky part of the market.

Orcun Kaya of Deutsche Bank Research recently released a study highlighting the inconsistencies between the Dodd-Frank Act and EMIR, which the firm says raises the risk involved in regulating the OTC derivatives market.

The quest to find functional blockchain solution designs that can scale to enterprise requirements is at fever pitch.

The SEC version of a Swap Data Repository promises to provide transparency into the single-name CDS market.

By Ralph Achkar, Colt Originally published on TABB Forum

In waiting to publish rules for swap data reporting until February 2015, the SEC has taken it a bit easier in its rulemaking than the CFTC.