Derivs - Credit

The International Swaps and Derivatives Association is asking the Basel Committee on Banking Supervision to delay implementing a rule on credit value adjustment for credit derivatives.

Owen Brown, a portfolio manager at Brevan Howard in New York, has left the fund within the last few weeks.

The Belgian Financial Services and Markets Authority is holding firm on reducing structured products that it considers complex despite industry opposition to the regulator’s proposal.

High net-worth investors are no longer demanding certificate of deposit wrappers and/or principal protection on structured notes.

The International Swaps & Derivatives Association is recommending that the European Commission either amend or delete two sections of the Markets in Financial Instruments Regulation that concern electronic trading and price sharing.

Standard & Poor’s Reporting Services has released its synthetic tranche recovery metrics—an analytic model designed for credit-default swap investors to determine the potential notional value of a loss in the event of a default.

Hedge fund investors in Japan are purchasing credit default swaps on five-year bonds issued by Japanese tech-firm Elpida Memory, as the rest of the domestic market grinds tighter, according to brokers.

Asset managers and hedge funds have been buying protection on emerging market sovereign countries and the Markit emerging market credit-default swap index as spreads have tightened on news of a debt deal with Greece.

The European Securities and Markets Authority could still miss the end of September deadline for issuing technical standards for the European Market Infrastructure Regulation.

Standard Chartered is finalizing plans to launch a commodity trading unit in China. The launch will allow the firm to offer a greater number of hedging products as well as other additional services.

European antitrust regulators are investigating Libor-based interest rate derivatives and are looking at whether companies have breached E.U. cartel rules.

Eurex is to expand its dividend derivatives offering by launching ten new dividend futures on March 2.