International Swaps and Derivatives Association (Isda)
Hedge fund credit derivatives trading surges, says BBA
Hedge funds are expected to have a greater share of the credit derivatives market than securities firms by 2006, according to a British Bankers’ Association (BBA) survey published this week.
Credit derivatives up 44% to $5.44 trillion, says Isda
Credit derivatives notionals stood at $5.44 trillion at the end of June, a jump of 44% compared with the end of last year, according to an International Swaps and Derivatives Association (Isda) survey.
FSA officially scraps op risk systems and controls
The UK's Financial Services Authority (FSA) has officially announced that it is putting the implementation of 'SYSC 3A - Operational Risk', part of the 'Prudential Sourcebook', on ice.
UK FSA calls off 'Systems and Controls', industry irate
The UK's Financial Services Authority announced at the September meeting of the Operational Risk Standing Group (ORSG) that it would be delaying, until further notice, the implementation of the Prudential Sourcebook text for 'systems and controls'.
Critical voices
The final Basel II framework has been welcomed by banks, regulators and industry bodies around the globe, but there are still some concerns about certain aspects of the Accord. Bob Pickel, chief executive of Isda, gives the association's views on the new…
Isda pushing bar codes for confirmations
The International Swaps and Derivatives Association is working on a new bar code standard to streamline the processing of trade confirmations across a variety of asset classes, according to RiskNews’ sister publication, Dealing With Technology .
Isda readies inflation documentation
An increase in the use of inflation derivatives has prompted the International Swaps and Derivatives Association to set up a task force to develop standardised documentation for transactions. The first draft of the documentation has been completed and…
Complex products rule deemed 'too broad'
Three financial services trade associations released a critical joint response to the US banking agencies' proposed rule on complex structured transactions in mid-July.
Isda master confirmation to include variance swaps
The International Swaps and Derivatives Association, a trade body, has extended its 2004 Americas inter-dealer equity derivatives master confirmation to include confirmation details on variance swaps.
Collateralization: A safety net for investors?
The proliferation of credit derivatives has given rise to the widespread use of collateralization—posting collateral against the risk of default. But as Saskia Scholtes reports, this practice may be creating its own risks.
Collateralization: A safety net for investors?
The proliferation of credit derivatives has given rise to the widespread use of collateralization—posting collateral against the risk of default. But as Saskia Scholtes reports, this practice may be creating its own risks.
Basel II Alert - Highlight of Critical Changes
It has been more than six years in the making, but the final text of the Basel II framework has arrived. The Basel Committee on Banking Supervision published the text at the end of June to a mix response from the financial services industry.
Bank associations hit out at Basel II failings
International banking bodies have hit out at perceived failings in the final version of the Basel II capital Accord, published by the Basel Committee on Banking Supervision on June 26.
Basel II published, industry takes stock and regulators refocus energies
The final Basel II document was published to great fanfare on Saturday in Basel, Switzerland. The final document - even longer than the previous third consultative paper released in April 2003 - will take some time for the industry and the world's…
Bank associations hit out at Basel II failings
International banking bodies have hit out at perceived failings in the final version of the Basel II capital Accord, published by the Basel Committee on Banking Supervision on June 26.
First emissions trade concluded with Isda master support
Dresdner Kleinwort Wasserstein (DrKW) and Fortis Bank executed the first trade of European emission allowances using an International Swaps and Derivatives Association master agreement last week. London-based environmental and energy broker Evolution…
Credit derivatives processing is now faster, says Isda
Financial institutions significantly improved their credit derivatives processing in 2003, according to the International Swaps and Derivatives Association's (Isda's) '2004 Operations Benchmarking Survey'.
Isda called on to improve OTC commodities market
Elaine Whiting, head of global over-the-counter commodities transaction documentation and management at Barclays Capital, yesterday called for assistance from financial institutions to create operations 'metrics' for OTC commodities markets.
Growth in credit derivatives at 29%
Notional volumes in the credit derivatives market now stands at US$3.58 trillion, representing year-over-year growth of 29%, according to trade body the International Swaps and Derivatives Association.
Derivatives risks overstated, say academics
The majority of finance professors at the world’s top business schools believe the risks of using derivatives have been overstated, according to the International Swaps and Derivatives Association.
De Vitry elected to Isda board
Benoit de Vitry, London-based global head of commodities and emerging markets rates at Barclays Capital, has been elected to the board of the International Swaps and Derivatives Association (Isda).
Isda publishes credit exposure analysis
Netting and collateral reduce credit exposures to such a level that on average a major dealer’s five largest inter-dealer exposures total just 2% of its entire derivatives exposure, according to new research by the International Swaps and Derivatives…
GEM and Systemwire to launch OTC derivatives trade matching system
London-based Systemwire has teamed up with New York-based Global Electronic Markets (GEM) to develop a new software platform for automated trade matching and rule-based trade validation, called FpML Mediator.
Securities Associations publish guidelines on capital treatment of trading book items
The International Swaps and Derivatives Association (Isda), the London Investment Banking Association (LIBA) and the Bond Market Association (BMA) have published a compendium on capital treatment of trading book items, such as derivatives and securities…