Sometimes, it takes a little time for a game-changing development to really start getting its legs under it.
In our coverage this week, the buy side saw this on two fronts, both related to swaps. And even more intriguing, they're working directly against each other.
First, there is the matter of MAC swaps. In anticipation of the new swap execution facility (SEF)-based ecosystem post-crisis, the industry—to its credit—did a lot of work getting these standardized products created, in ho
James talks about his trip to Chicago and some of the interesting topics that came up (including a look at disaster recovery demands). Then Anthony and James touch on ISDA's initial margin rules, with Phase 3 going live next year.Subscribe to Weekly Wrap emails