The OCC’s ENCORE clearing system, while resilient, is long in the tooth and inflexible. OCC’s Project Renaissance aims to revamp the central counterparty’s data, risk management and clearing systems. The OCC chose Cinnober as a partner for the multi-year project. While that key initiative is something the OCC has planned for years, the SEC’s decision not to renew the clearinghouse's capital plan was a curveball.
In this video from JLN’s Industry Leader Series, OCC CEO John Davidson talks about those two developments.
European regulatory changes continue to move forward, but there are significant differences between the US and EU, and also between the European states themselves....
The US financial crisis has wreaked havoc for the past several years on the mortgage lending business, not to mention many homeowners and debtors....