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This is great Kathleen and will be a fantastic debate. I do not believe that people making these regulations and drastically imposing on the industry know what they are doing and what the unintended consequences will be. Madness comes to mind. The Post Trade forum debate might be the only public forum that will air what should be done to protect the investors/tax payers from those that no not what they do

I am as concerned as everyone about the Iranian situation but not sure that this move makes much sense. It will cause problems for plenty of people but not the Government. We should be doing more to talk 

I am still a bit of dreamer Kathleen and see the huge potential but your right history tells us it just aint easy

Thanks Kathleen, this is a real big worry for the markets but bigger i think for national treasuries and central banks. Do you know if there is any default plans of CCPs to be published and if they plan to test them?

I am looking forward to your presentation and participation in the Post Trade forum debate on these matters and more. I just get the feel that the regulators are creating a ticking bomb and once OTC is in will go atomic

Just the start of a cloudy future. Many more coming folks

Yes pretty much on the button here but along with this a more mundane industry wide STP that brings together buy and sell side accross the industry and STP through their agents. The possibilties are huge and go beyond just risk and regulatory benefits

This is good but really papering over the need for a mass reduction of Clearing Houses. Consolidation will happen and soon as price reductions are getting far too low for Clearing to make any profit at all

Thanks Roy for that

Could the liquidity aspects be included in any algoritham? So less liquid assest would obviously get a low rating. Its the consistancy of how assets are valued and the need for everyone to value in the same way that i think would help. I do think there has to be an alternative to the rating agencies

Yes the Post Trade Forum debate should be compelling 

Thanks for the comment and some interesting views and information. My hope is that the new LEI is just that new. It would be great if it made use of existing identifications but i suspect that will make it too complex and we wil spend many years trying to please everyone.

FPL is a very good agent to get LEI introduced but it will need a greater still entity to get it globally introduced accross products. The solution to me is as much about the industry structure working to create LEI and maintain it as it is about the design

This is great news for the European securities markets and the FS firms and their clients. We can expect a reduction of risks and costs as this new structure is implemented. It also puts the LSE firmly in a position to grow and cement a dominant position as global Stock Exchange.

The Post Trade Forum will no doubt debate the benefits of this deal in the April meeting. See Post Trade Forum website on Finextra for details