International Swaps and Derivatives Association (Isda)
Isda attempts to reassure investors
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Lehman Brothers files for bankruptcy protection
Lehman Brothers has filed for bankruptcy. In an announcement early this morning, the firm said it intended to file a petition under Chapter 11 with the Southern District Court of New York.
Fannie and Freddie CDS to settle at October auction
The auction process to settle credit default swap (CDS) contracts written against Freddie Mac and Fannie Mae will take place in the first week of October, Risk has learned, although losses on the agreements are likely to be minor for most counterparties.
Isda plays key role in improving operational infrastructure
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No agreement
Documentation
Creditex and Markit to run Isda's tear-up service
Interdealer broker Creditex and London-based market data provider Markit will run an industry-wide tear-up service for credit default swaps under the aegis of the International Swaps and Derivatives Association (Isda), starting later this month.
From niche to nova
Barclays Capital's head of equity-linked products, Dixit Joshi, talks to Alexander Campbell
Industry releases draft principles for structured products
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Isda launches LCDS update protocol
The International Swaps and Derivatives Association has launched the 2008 European loan credit default swap (LCDS) update protocol.
Regulators push for operations changes
The derivatives industry faces regulatory demands to improve operations issues. In recent weeks, both the President’s Working Group on Financial Markets (PWG) and the Financial Stability Forum (FSF) have pushed dealers to enhance the infrastructure for…
Regulators push for operations changes
The derivatives industry is facing regulatory demands to improve operations-related issues. In recent weeks, both the President's Working Group on Financial Markets (PWG) and the Financial Stability Forum (FSF) have pushed dealers to enhance the…
Credit derivatives volumes continue to rise
The credit derivatives market grew by 81% in 2007 to reach $62.2 trillion in outstanding notional, according to figures from the International Swaps and Derivatives Association.
Derivatives face regulatory scrutiny
The derivatives industry faces a period of heightened scrutiny by regulators, mirroring the supervisory review in the wake of a series of mis-selling scandals in the 1990s, warn bankers.
New derivatives disclosures will be “significant burden”
Tougher disclosures required by the Connecticut-based Financial Accounting Standards Board (FASB) will be a “significant burden” for companies using derivatives, said Hee Lee, New York-based partner in Ernst & Young’s Financial Services Office and…
ICBC official becomes first from China to join Isda board
A Chinese financial institution will be represented on the board of directors of the International Swaps and Derivatives Association for the first time, following the election of an executive from the Industrial and Commercial Bank of China (ICBC).
Isda AGM: Regulatory scrutiny of derivatives likely, says Moulds
The derivatives industry faces a period of heightened scrutiny by regulators, mirroring the supervisory review in the wake of a series of mis-selling scandals in the 1990s, said Jonathan Moulds, president for Europe, the Middle East, Africa and Asia at…
Isda AGM: CDS boom continues
Volumes of credit default swaps (CDSs) traded rose 81% in 2007 to a total notional outstanding of $62.2 trillion, according to figures collected by the International Swaps and Derivatives Association (Isda).
Isda AGM: Cautious OTC traders increase collateral use
As the credit crisis gathered strength in 2007, dealers became increasingly likely to demand collateral from their counterparties, according to a survey released today by the International Swaps and Derivatives Association.
Isda submits industry goals to New York Fed
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JP Morgan raises Bear Stearns offer to $1.18 billion after shareholder unrest
JP Morgan has raised its proposed purchase offer for Bear Stearns to $10 a share in a move designed to assuage the anger of Bear shareholders incensed by JP’s initial offer of just $2 a share.
Standard swap-deliverable CCDS expected soon
A working group of about 10 major dealers and brokers could be just two months away from producing a standard contract for swap-deliverable contingent credit default swaps (CCDSs), predicted a person close to the group.
A light touch
Isda's chairman, Jonathan Moulds, talks to Alexander Campbell