International Swaps and Derivatives Association (Isda)
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
Progress made on equity derivatives backlogs
Investment banks have continued to make progress with reducing confirmation backlogs associated with executing over-the-counter equity derivatives trades. The average backlog has been reduced to nine days, down from 19 days in November 2006, according to…
Rising from the ashes
Collateralised loan obligations
Darras named Isda's general counsel, Americas
The International Swaps and Derivatives Association (Isda) has appointed Katherine Tew Darras as its general counsel, Americas, and head of equity, foreign exchange and interest rate legal. In her new role, she reports to David Geen, Isda’s general…
Open to disclosure?
Contracts for difference
Isda opens Hong Kong office
The International Swaps and Derivatives Association is opening a regional office in Hong Kong as part of an expansion of its activities in Asia.
Market risk regulatory capital expected to rise
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Isda: 38% rise in credit derivatives notional in first half of 2007
The notional amount outstanding of over-the-counter credit derivatives grew by 32% in the first six months of the year, reaching $45.46 trillion in mid-2007, according to the International Swaps and Derivatives Association.
Geen appointed general counsel for Isda
David Geen has been appointed general counsel for the International Swaps and Derivatives Association (Isda). He had previously served as Isda's European general counsel since November 2006, helping to develop the association's European loan credit…
Isda launches Equity MCA Protocol
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Isda to publish new single-name European LCDS contract
The International Swaps and Derivatives Association (Isda) will publish a new industry-wide standard single-name European loan credit default swap (LCDS) contract. The new contract, to be published on July 30, will be non-callable with the option to be…
Isda publishes protocol for new US LCDS
The International Swaps and Derivatives Association has published a protocol to roll old US loan credit default swap (LCDS) trades to the new industry standard, which was adopted in May.
New European single-name LCDS expected soon
The International Swaps and Derivatives Association expects to publish a new single-name European loan credit default swap (LCDS) contract by the end of July.