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CEB plans to print more structured notes and may launch inaugural Sofr bond in 2026
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New contracts cannot yet be traded in US
The Americas derivatives community came together in New York to recognise and celebrate outstanding achievements across the industry
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  • The Office of the Comptroller of the Currency is planning to launch a formal enforcement action against JPMorgan Chase over derivatives trades in London that resulted in losses of USD6 billion at the bank.
  • A group of 14 members of the House Representatives have criticized the U.S. Commodity Futures Trading Commission for the slow pace of finalizing derivatives regulations.
  • Turkey launched its single-stock futures and options exchange, though trading was thin as most brokerages were not ready to trade.
  • The U.K. Parliamentary Commission on Banking Standards said in a review of proposed British banking reforms that it accepts the government’s position that retail banks may be allowed to sell simple derivatives.
  • UBS has named Sam Kendall as global head of equity capital markets. Kendall, who joined the bank in Australia in 1996, most recently was head of equity capital markets in Asia and will remain in Hong Kong.
  • The U.S. high yield par default rate is expected to remain low in 2013 at 2%, according to Fitch Ratings.