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Asian buyers driving callable SSA market have resurfaced in public benchmark deals
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SSA
New contracts cannot yet be traded in US
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  • Derivatives officials say the idea being floated in some circles of spinning off swaps desks isn’t feasible and jars with other expected provisions of the forthcoming Senate Agriculture Committee bill.
  • The Senate Agriculture Committee’s proposals for regulating the over-the-counter derivatives market, which Chairman Blanche Lincoln (D-Ark.) said would be released today, will now come out Friday at the earliest because the legislative language is not yet finished, according to a Committee spokeswoman.
  • The European Commission is considering giving national regulators the power to slash payments due to creditors of major financial institutions deemed at risk of failure, two weeks after politicians pledged their support for the idea (DW, 3/31).
  • Steve Seman, an ex-senior equity derivatives trader at Credit Suisse in London, has joined U.K. interdealer broker Forte Securities as a senior broker in its equity derivatives division.
  • Stakeholders in a clearinghouse operating in Japan will require direct approval from the Prime Minister Yukio Hatoyama if they wish to seek ownership of more than 20%, under proposals submitted by the Japanese Financial Services Authority.
  • Credit analysts at Crédit Agricole CIB believe that dividing Markit’s newly-launched Asia Pacific sovereign credit default swaps index into two, for developed and developing nations, would offer a cleaner hedging tool for investors.