Articles by Luke Clancy
Custody Risk June 2013
Editor's comment - piecing it all together
Piecing it all together
The aspiration to globally aggregate OTC derivatives data to determine systemic risk remains a distant dream
Ucits’ future in Asia questioned
Ucits has enjoyed unprecedented success penetrating Asia but the party may be ending for the investment vehicle as three Asian initiatives prepare to challenge the European brand
US-European divergence over default funds
New regulatory standards require central counterparties (CCPs) to have robust processes in place to mitigate counterparty credit risk exposures. Risk management models must optimally determine the relative mix of initial margin and default fund…
Data fragmentation hampers oversight
The G-20 had hoped the reporting of OTC derivatives trades would give regulators an opportunity to spot the build-up of systemic risk. But domestic reporting requirements, a lack of standard data formats and local privacy laws are preventing supervisors…
Alternative Fund Administration Survey
Custody Risk’s Alternative Fund Administration Survey is an annual round-up of service providers to hedge funds, funds of alternative funds, private equity funds, real estate funds and Ucits-compliant funds. In this survey, we show how successful…
CFTC’s O’Malia: Sef rules could favour Europe
The CFTC has a lot on its plate, including Sef rules, dealing with the extraterritorial impact of its regulations, and working out how best to manage the huge amount of data coming its way
BNY Mellon announces eight new appointments
BNY Mellon has made several new hires across four businesses, including appointing Dean Sakati to head strategy for securities finance within global collateral services, and Mark Gonzalez as US chief operating officer for derivatives clearing services
New Iosco chair launches cross-border taskforce
Greg Medcraft took over as chair of the International Organization of Securities Commissions in March, alongside his role as chairman of the Australian Securities and Investments Commission. He talks to Luke Clancy about his priorities for both roles
Mandate Watch: BNY Mellon leads the pack
BNY Mellon picks up five mandates while BNP Paribas, Caecis, Citi and RBC Investor & Treasury Services also score wins
Custody Risk Americas Awards 2013
Custody Risk is pleased to unveil the winners of the Custody Risk Americas Awards 2013
Custody Risk March 2013
Editor's comment - solving systemic risk in harmony
CFTC should extend US persons fix, says O'Malia
Agency has not begun debating final definition of US person and "will need to provide relief" when temporary exemption expires, says CFTC commissioner
Solving systemic risk in harmony
Regulators face an uphill task fixing the plumbing of global financial regulation, but an organisation waits in the wings ready to be tasked with the job of marrying up the connections
Interview: Six Securities Services' Thomas Zeeb
Thomas Zeeb, chief executive of Six Securities Services, talks to Luke Clancy about his plans for the Swiss post-trade services provider
Extraterritorial clash continues for clearing houses
While the Group of 20 nations want to see progress with financial regulatory reforms, individual authorities around the world are reluctant to relinquish domestic sovereignty over standards for central counterparties. Luke Clancy reports
Mandate Watch: Citi, SGSS and BNY Mellon win mandates
Outsourcing, especially amongst asset owners, is driving mandate growth. Citi, SGSS and BNY Mellon among those to win mandates in the first few months of 2013, finds Luke Clancy
Top 50 Global Custody Mandates Survey 2013
BNP Paribas scored the largest mandate in 2012, at a time when regulatory and reporting requirements are encouraging greater outsourcing by asset managers. Luke Clancy reviews the major mandates in 2012 from asset managers, public institutions, pension…
Clarity call for trade repository reporting
To allow regulators to aggregate data on derivatives trades sent to trade repositories, reporting needs to achieve global standardisation but progress towards this goal is proving a long road. Five industry participants give their views.
Interview: Esma's Steven Maijoor
Esma chair Steven Maijoor talks about crossing swords with the European Parliament, extraterritorial implications for Emir and scrutiny of the agency's mandate, among other issues
Esma urged to flesh out trade reporting rules
The first mandatory reporting requirements in Europe could begin in July, but more detail is needed on how the system will work, market participants say
New global bodies with enforcement powers needed, says Iosco's Wright
Changes to the worldwide regulatory framework may create the need for new global bodies to ensure compliance – and some observers believe Iosco would be perfect for the job. Secretary-general David Wright talks to Luke Clancy
Esma chair hits back against regulatory overreach claims
Esma chairman Steven Maijoor denies the supervisor overstepped its authority when drafting clearing rules
Thailand backs cash equity CCP linkage model
Proposal for CCPs to act as clearing members for each other receives backing of Thai regulator