Table of Contents
Executive summary..................................................................3
Regulatory analysis 1: Centralised clearing of OTC
derivatives...............................................................................35
Regulatory analysis 2: OTC derivatives moving to
exchanges or alternative swap execution facilities.............52
Regulatory analysis 3: post trade transparency..................63
Regulation analysis 4: Commodities position limits...........73
Regulatory analysis 5: Mitigating pro-cyclicality of Market
risk capital through the use of stressed VAR ......................86
Regulatory analysis 6: Introducing an Incremental Risk
Charge (IRC) to the market risk methodology .....................91
Regulatory analysis 7: Revised Securitisation Capital
Requirements .........................................................................97
Regulatory analysis 8: Increased capital requirements on
Non CCP-cleared derivatives ..............................................104