Rules and regulations
The European Commission has produced a consultation paper that suggests a basis for banning certain investments, with structured products making their usual appearance in the limelight
The World Federation of Exchanges has urged US Treasury secretary Tim Geithner to keep forex derivatives under Dodd-Frank to block banks from using the exception for interest rate derivatives transactions. But a senior Westpac banker and rival trade associations...
First California Carbon Allowance forward underlines US interest in trading, contract standards to evolve as activity increases
Several Asian nations could compel their banks to clear swaps in-country - others seek to join foreign CCPs on special terms
Derivatives guidelines aim for pre-settlement confirmation, simplified compensation claim structure
Five largest US-based dealers hold 37% of total notional, trade association says
Current levels of pre-trade price transparency in interest rate swaps (IRS) are acceptable, according to an end-user survey conducted by the International Swaps and Derivatives Association.
Expert paper calls on HMT to ensure EU legislation on clearing and reporting doesn't damage London's dominance or inhibit market activity in particular asset classes.
Lianna Brinded sends us a special report from Hong Kong and Singapore, after speaking to several leaders from the energy and commodities market about risk management
Keith Noyes, Asia-Pacific regional director at the International Swaps and Derivatives Association (Isda), speaks to Lianna Brinded about regulatory changes and the impact they will have on the energy and commodities markets.
Forcing energy and commodities contracts into central counterparty (CCP) clearing is “potentially dangerous”, says Isda's Noyes
Competing for business will not fatally undermine derivatives clearing – as long as the system is well regulated, speakers claim
All 209 Isda primary members could qualify as swap dealers under the Dodd-Frank Act, says CFTC chairman.
Revised rules replace laborious consent-then-confirm novation process
CVA and the equivalent bond
Efforts by Nafmii to bolster the definitions of China’s over-the-counter derivatives master agreements should help market development. But there are concerns about potential copyright infringement related to Isda master agreements.
Islamic derivatives users are still getting to grips with a new sharia-compliant master agreement, but some argue the market will be stunted without an accompanying collateral document. Lawyers say that is some way off, so they’re cooking up bespoke...
Regulators should consider liquidity when deciding which over-the-counter derivatives should be cleared, say market participants
Isda's chairman discusses some of the changes in the regulation of the over-the-counter derivatives market