Latest credit derivatives news

• Political turmoil and monetary policy divide US and Europe

  

  In the political sphere, Europe and North America appear to be travelling in separate directions since the election of Donald Trump as US president in November 2016, as was evident at the recent G7 talks.

  • 14 Jun 2018

• EU lawmakers to negotiate pension fund clearing exemption

  

  European member states and the EU Parliament will soon begin difficult talks to decide the length of an additional clearing exemption for pension funds.

  • 13 Jun 2018

• SEF interest rate derivative volumes up 22.3% in May

  

  Interest rate derivative volumes in swap execution facilities (SEFs) were up 22.3% in May compared to the same month last year, according to new data from the Futures Industry Association.

  • 11 Jun 2018

• Clearing house supervision debate erupts at FIA IDX

  

  Top officials from global supervisory bodies furiously debated the implications of new European rules that change the oversight of foreign clearing houses, covering the role of central banks, national regulators and arrangements in crisis situations.

  • 06 Jun 2018

• DTCC adds two to its board

  

  The Depository Trust and Clearing Corporation has appointed two new directors to its board after a vote at its annual shareholders meeting.

  • 04 Jun 2018

• CFTC proposal holds 'de minimis' threshold at $8bn

  

  The Commodity Futures Trading Commission on Monday discussed a new proposal that would not change the notional threshold at which financial institutions have to register as swap dealers.

  • 04 Jun 2018

• Italian crisis reaffirms importance of ISDA basis

  

  The spread volatility seen in recent days brings back memories of the 2010-2012 eurozone debt crisis. Whether they are fond recollections or not — many investors are no doubt scarred by the experience — in such febrile times observers from all asset classes reach for the CDS toolbox to try to gauge sovereign credit risk.

  • 31 May 2018

• Fed seeks to boost market making with Volcker rule overhaul

  

  The US Federal Reserve Board has put forward a sweeping set of proposals to soften restrictions on proprietary trading under the Volcker rule, in a move that could free up banks to pursue more transactions related to underwriting and market making.

  • 31 May 2018

• Hermes opens new unconstrained fund as risk factors rise

  

  Investment house Hermes launched a new liquid credit fund this week, catering to clients seeking shelter from market volatility while foraging among new markets about which they know less.

  • 30 May 2018

• Italian drama shuts euros ‘for all but a few SSAs’

  

  Bond market havoc following the Italian president’s decision to appoint a technocratic government has shut the euro market for most public sector borrowers. Volatile swap spreads are making issuance near impossible, while an “enormous” flattening in Italy’s curve is of particular concern for that sovereign, said one head of SSA syndicate.

  • 29 May 2018

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