SA-CCR switch clouded by confusion over netting sets
An effort by US regulators to incentivise the switch to SA-CCR may be having the opposite effect.
Photo: fxmarkets
US banking regulators have been asked to clarify whether certain client cleared trades can be included in netting sets under the standardized approach to counterparty credit risk (SA-CCR). The answer could shift the calculus of banks that are currently weighing whether to adopt the regime early. The confusion centres on last-minute changes to the US version of SA-CCR. The final rule adopted in January allows cleared transactions that are settled-to-market (STM) to be included in the same
Reprinted from fxmarkets, the copyright all reserved by the original author.
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