Interest rate swaps
Veolia: taking XVAs by the horns
Veolia's Damien Vancraeyneste, on capping costs and challenging banks’ calculations
Hidden price pressures grow in euro swap market
Clients face wider bid/offer spreads, as dealers struggle to find liquid hedges
Brokers defy BlackRock over average pricing on Sefs
"We're lions, not zebras," says Icap's Paulhac
CCP basis driving CME clients to LCH, traders say
LCH sees doubling in client notional, while CME notional halves
CCPs confront cleared swap basis threat
From Japan to Mexico, CCPs are trying to avoid repeat of CME-LCH price disparity
CCP basis and the future of cleared swap pricing
Dealers predict "more granular" pricing for cleared trades, after CME-LCH basis blow-out
CCP basis market takes off – but will buy-side join in?
Dealers are encouraging asset managers to trade CME-LCH swaps
Singapore clearing mandate timed to avoid US/Europe overlap
With sufficient clearing options now available MAS is ready to set out clearing mandate
Japan banks still not pricing CVA into derivatives trades
A loans-focused business model means credit risk mitigation a low priority
CME-LCH basis to persist, say dealers
Banks not convinced by CME plans to lure dealers from LCH.Clearnet
Japan regulators further relax electronic trading mandate
JFSA initially to mandate only three tenors of IRS for platform trading
Profile: UBS on the past and future of fixed income
Swiss bank's fixed-income trading floor is home to two distinct businesses
Tarullo: few signs of illiquidity in OTC markets
Fed governor says markets are in transition
Low CCP compression rates in Japan vex foreign banks
Leverage ratio concerns weigh on international dealers
China corporates drive up onshore OTC interest rate trading
But speculation and not hedging could be behind the increase
CME-LCH basis affecting choice of venue, say buy-siders
Pimco: price gap is now “material”; Eaton Vance says lowest cost is key factor
Bank swap books suffer as CME-LCH basis explodes
Per-bank losses estimated at $20m; CME could lose business
CFTC may need to 'step in' to end MAT drought - Reinhart
Isda AGM: no new products added to Sef mandate list in 13 months
CME has “no plans” to corner invoice spread market
Dealers still worried exchange has motive and means to create monopoly
Profile: Citadel's Hamill on the fight for swaps market share
New entrant is making prices - and hedging - electronically
Citadel shaking up swaps competition
Chicago firm is now a top-four market-maker on US swap platforms
Weavering's Peterson jailed for $500m swaps fraud
Due diligence should have raised investors’ suspicions
India poised to mandate rupee interest rate swap clearing
Market anticipates an impending regulatory mandate for rupee rates clearing
Interest rate derivatives house of the year: Deutsche Bank
Risk Awards 2015: German bank managed to marry efficiency with high margins