Morgan Stanley
Cutting Edge introduction: the DVA debate
The DVA debate
‘No way’ Asia can meet CCP deadline; probably the same for Europe
Panellists speaking at a derivatives industry event in Hong Kong believe Asia is unlikely to meet its obligations to have full mandatory clearing in 14 months – the deadline established in the 2009 G-20 agreement. They say a lack of regulatory clarity is…
Energy Risk Manager of the Year, Asia: Morgan Stanley
Energy Risk Manager of the Year, Asia: Morgan Stanley
Margin models converge as CCPs battle for dealer support
Dealers say they won’t join clearing houses that are not robust – and have already blackballed one central counterparty. As a result, the initial margin methodologies employed by the big rates clearers have begun to converge. Matt Cameron reports
Prop trading ban set to crimp market-making and hedging activities
Putting a stop to prop
Basel III liquidity rules shaking up the corporate deposit market
Deposit(ive) thinking
Leveraged return super trackers back
Demand for leveraged call spreads, commonly referred to as super trackers, with highly geared upside and soft protection, is slowly coming back. Investors are looking to diversify counterparty exposure away from high street banks and inflation growth…
People: UBS expands derivatives structuring
People: UBS expands derivatives structuring
Slow return for Libya oil seen after Gaddafi topple
The overthrow of Libyan leader Colonel Muammar Gaddafi may have sent oil prices falling in recent days, but a return to full oil production in Libya is not likely for some time to come due to on-going security issues, say analysts
Market volatility sees potential payouts rise and interest in gold and volatility ETNs intensify
Market volatility sees potential payouts rise and interest in gold and volatility ETNs intensify
BoA appoints Laughlin as chief risk officer
Replaces Bruce Thompson, who becomes chief financial officer
European debt twilight zone claims Société Générale
Markets turn against French banks in general - and SG in particular - on a day short on solid news and long on rumours
US bank CDS spreads spike following US downgrade
Spreads on Bank of America spike following US debt downgrade and news of AIG lawsuit; other US names also widen
Morgan Stanley and Credit Suisse choose EuroCCP under interoperability
Banks such as Morgan Stanley and Credit Suisse have chosen EuroCCP to clear their trades under new system of interoperability
Finding Volcker rule metrics will be tough, dealers warn
Crop of the props
US inflation market divided on huge 30-year Tips short
When Tips don't pay
Morgan Stanley Tips bet 'made sense', dealers say
Big curve flattening bet attributed to Morgan Stanley was reasonable, traders say - one rival exited similar position just in time
Morgan Stanley offers leveraged single-country exposure to China
Morgan Stanley's leveraged product falls back in line with market conventions, but some products in the latest issuance feature extended tenors and reduced participation rates
Italian CDS spreads endure wild ride
Morgan Stanley strategist urges decisive policy response
Morgan Stanley offers accelerated returns
Delivering on declines
Morgan Stanley’s hybrid tracks eurozone returns
Mixing up Eurozone returns
People: Citi shakes up structuring group
Citi shakes up structuring group
US structured products show preference for baskets of underlyings
Recent US structured products issuances have contained several products with multiple underlyings and the latest follows suit with basket products from HSBC, Barclays and Morgan Stanley.