Derivs - Credit

Members of the European Parliament yesterday aired concerns that exemptions to the European Market Infrastructure Regulation proposed by MEP Werner Langen would water down the legislation.

Hedge funds in Australia would have to disclose much more information about their derivatives use under a recently-floated consultation paper from the Australian Securities & Investments Commission.

Deutsche Bank is restructuring its entire U.S. securitization trading platform, unifying all structured finance trading and related derivatives under a single umbrella, according to officials close to the move.

BNP Paribas is planning to launch a service allowing private banks and securities firms to input electronically preferences for a structured product and get a price.

How often do black swan events occur? If events in the Middle East and North Africa are any indication, the answer is fairly regularly.

The latest versions of the European Parliament’s proposed rules on naked credit default swaps and short selling either remove the topic of buy-in entirely or limit its scope, marking a complete turnaround to previous legislative reports on the issue.

Endusers and dealers in the U.K. and Asia are eagerly anticipating a Supreme Court of the United Kingdom ruling on the priority of payments in Lehman Brothers’ Dante synthetic debt obligations.

Amundi is considering unwinding EUR500 million-1 billion (USD683 million-1.4 billlion) of notional in short positions via credit default swaps on the iTraxx Europe Main and Europe Crossover.

Landesbank Baden-Württemberg has hired Paul Murphy and Andy Briggs as financial credit traders in London, covering cash and credit default swaps.

Credit default swaps trader Dimitris Melios has left Citigroup in London.

A case centering on the priority of payments in Lehman Brothers’ Dante synthetic collateralized debt obligations is set to be heard before the Supreme Court of the United Kingdom on March 1.

Endusers are looking for higher returns in the arbitrage between individual names in the credit default swaps market rather than large macro trades.