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◆ Public sector issuers embrace hedge fund bid... ◆ ... as they flex in the swap market ◆ Car makers welcomed back to bond market
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
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  • The GBP38 billion BT Pension Scheme has responded to the European Securities and Markets Authority’s consultation on over-the-counter derivatives regulation with concerns about the increasing costs to pensions.
  • Local securities houses in South Korea are undercutting international investment firms and grabbing market share in the country’s lucrative equity-linked structured product market.
  • Dealers are looking at writing equity-linked structured products and warrants referencing the new raft of China A-share physical exchange-traded funds, which have recently started trading in Hong Kong.
  • The Futures Industry Association and the International Swaps and Derivatives Association have published a template to smooth documentation between futures commission merchants and clients involved in over-the-counter derivatives.
  • Americans for Financial Reform has called on the Commodity Futures Trading Commission to close loopholes in a proposed guidance for cross-border enforcement of U.S. swap regulations in the Dodd-Frank Act that would allow banks to circumvent the measures by changing the registration of subsidiaries.
  • The U.S. Commodity Futures Trading Commission has extended the deadline for complying with new regulations over over-the-counter derivatives and other business conduct from Oct. 15 to Jan. 1.