Latest credit derivatives news

• ISDA steps away from credit determinations admin role

  

  The International Swaps and Derivatives Association (ISDA) has moved away from its role as secretary of the special committees that rule on whether or not credit events have taken place that would trigger credit default swap payouts.

  • 15 Oct 2018

• Astaldi event proves a reminder of CDS intricacies

  

  Credit market veterans are all too aware that the determination of CDS credit events is far from straightforward.

  • 11 Oct 2018

• BoE's Brexit intervention is welcome

  

  Tuesday’s intervention by the Bank of England into the debate on the future of euro clearing is another welcome move from regulators. The debate has been too long dominated by political noisemaking.

  • 09 Oct 2018

• BoE, trade bodies pressure EU for derivatives deal

  

  The Bank of England, the International Swaps and Derivatives Association and a number of other industry trade bodies from across Europe have piled pressure on the European Union to deal with the risks of a disorderly Brexit for derivatives contracts.

  • 09 Oct 2018

• Hermes: ESG risk correlates with CDS

  

  There is a “convincing relationship” between risk coming from poor application of environmental, social and governance (ESG) policies, and the credit default swap (CDS) spreads of corporate issuers, according to a new report by Hermes Investment Management.

  • 08 Oct 2018

• Corporate default drama furthers Italian CDS jitters

  

  We noted last week that the markets may be guilty of complacency on Italy’s budget, and so it proved.

  • 04 Oct 2018

• ISDA grapples with default scenarios in smart derivatives framework

  

  The International Swaps and Derivatives Association (ISDA) has released a white paper on smart derivatives contracts, setting out a framework for how these could be built and function in scenarios such as defaults.

  • 04 Oct 2018

• Despite Italian noise, credit remains calm on politics

  

  The appeal of populist, often nativist, agenda to electorates disgruntled with economic stagnation and rapid demographic change has been underestimated in recent years — not least by bond markets.

  • 27 Sep 2018

• Trade bodies urge change of tack on IM, as industry readies

  

  Five trade bodies began lobbying efforts on initial margin phase-in in earnest this week, warning global regulators of severe consequences if incoming rules are not amended.

  • 27 Sep 2018

• Gradual MREL rollout creates ‘headache’ for Markit, investors

  

  Three more credit default swap contracts are referencing non-preferred senior bonds following the latest roll of the iTraxx indices, as bank debt investors try to deal with a gradual transition towards a bail-in regime in Europe.

  • 26 Sep 2018

Credit derivatives news archive