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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 European Commission has asked Gary Gensler, chairman of the U.S. Commodity Futures Trading Commission, to extend a temporary exemption for European Union lenders from U.S. swap rules until there is agreement on international principles of cross-border swap rules.
  • European countries are planning to pull back on proposals to adopt a financial transaction tax in the face of pressure from banks that oppose it and legal challenges.
  • The International Swaps and Derivatives Association has published its recommendation for financial products markup language (FpML) version 5.5., which, among other things, includes coverage of listed derivatives.
  • The Reserve Bank of New Zealand is looking to retain a clearinghouse to handle its fx swaps and other financial trades.
  • Rep. Darrell Issa (R-Calif.) has launched into an investigation into whether Gary Gensler, chairman of the U.S. Commodity Futures Trading Commission, used a personal e-mail account for business purposes to circumvent federal transparency laws.
  • Wells Fargo Securities has hired Mike Riley as co-head of equity trading, with a focus of building its equity derivatives business.