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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
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New contracts cannot yet be traded in US
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  • Barclays Capital has named Akihio Asami as managing director and head of corporate finance, investment banking Japan.
  • The U.S. Commodity Futures Trading Commission has proposed delaying implementation of some self-executing derivatives regulations under the Dodd-Frank Act from its original July 16 effective date to Dec. 31.
  • Increased scrutiny of retail financial services, including structured products, by the U.K.’s Financial Services Authority will reduce innovation and choice, according to industry responses to a discussion paper by the FSA.
  • Buyers of protection are likely to wait for a failure-to-pay credit event to be called on Allied Irish Banks before triggering credit default swaps.
  • The board of directors of corporates will become responsible for risk management oversight, which typically covers derivative use, as opposed to the audit committee, under a Monetary Authority of Singapore proposal in a new consultation paper.
  • The constant exposure method (CEM) currently used by clearinghouses to estimate capital charges for cleared derivatives will not work in the new, cleared over-the-counter derivatives market, the International Swaps and Derivatives Association says in a note published today.