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  • Ian Donaldson, managing director and fixed income salesman for Goldman Sachs, has left the firm.
  • U.S. Senator Maria Cantwell (D-Wash.) is adamant that Senate legislation tackling over-the-counter derivatives should not leave any loopholes for market abuse. She spoke to Derivatives Week about her specific grievances with the language that’s surfaced in the bills so far.
  • Credit exposure from derivative activities at U.S. commercial banks fell 18% in the fourth quarter of 2009 and is half of what it was a year ago, according to the Office of the Comptroller of the Currency.
  • The International Swaps and Derivatives Association has warned any curbs on trading sovereign credit default swaps in Europe may drive trading of the swaps to Asia.
  • Five U.S. banking regulators have issued a liquidity-risk policy that aligns with one released last September by the Basel Committee on Banking Supervision.
  • Alistair Darling, the U.K. Chancellor of the Exchequer, said he will stand firm on the one-off 50% tax on bonuses despite threats from brokers and banks that they would move top executives outside the country