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CEB plans to print more structured notes and may launch inaugural Sofr bond in 2026
Japanese firm plucks banker from UBS
The Americas derivatives community came together in New York to recognise and celebrate outstanding achievements across the industry
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Bank of America Merrill Lynch, Goldman Sachs and Morgan Stanley are said to be preparing new collateralized debt obligations but may be waiting to launch them until the Goldman Sachs lawsuit over its CDO marketing practices fades from the headlines.
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The European Association of Central Counterparty Clearing Houses has published a guide for clearinghouses on procedures to follow when a clearing member defaults.
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Low volumes helped narrow five-year credit default swap on Greek sovereign debt, according to Markit.
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The U.S. government announced it would look into regulating the over-the-counter derivatives market. Many on the hill believe the timing was linked to a block that Sens. Bernie Sanders (D-Vt.) and Maria Cantwell (D-Wash.) had placed on the nomination of now-Commodity Futures Trading Commission Chairman Gary Gensler, which was lifted shortly before the announcement. [Gensler was confirmed to the position shortly thereafter and two weeks ago, the U.S. Senate approved a sweeping financial reform bill overhauling the OTC derivatives market (DW 5/21). Cantwell voted against it because she did not believe it went far enough.]
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--Sharon Bowles, chair of the European Parliament's influential Economic and Monetary Affairs Committee, on Germany's decision to ban naked CDS trading on eurozone sovereign bonds.
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On March 1, 2010 after many months of work, he International Swaps and Derivatives Association and the International Islamic Financial Market jointly issued the first Shari'ah-compliant master agreement for over-the-counter derivatives. Named the "ISDA / IIFM Ta'Hawwut Master Agreement" it provides a framework for the expansion of derivatives activity in the Middle East, South Asia and many regions throughout the world where hedging is not standard practice.. Based on the 2002 ISDA Master Agreement, the Ta'Hawwut Agreement has been developed under the guidance and approval of the IIFM Shari'ah Advisory Panel. The Ta'Hawwut Agreement is therefore expected to be used as a reference for market participants where they or their customers need to hedge risks in line with Shari'ah principles.