LCH.Clearnet has appointed Martin Ryan as group head of operations and client services. He will report to Christophe Hemon, chief operating officer at LCH.Clearnet.
LCH.Clearnet and Eurex will not accept clearing members’ own-name covered bonds as collateral despite a proposal to allow it from the European Securities and Markets Authority (ESMA).
LCH.Clearnet has appointed Stephen Patriarco as global head of collateral services, US head of collateral and liquidity management.
Dealers are close to agreeing a final template for a new standard credit support annex (CSA), having made some significant changes in recent months in response to industry concerns.