Derivs - Credit

Securities and futures regulators should make it clear that annuities and other insurance contracts are not swaps and, therefore, not subject to being regulated as such, according to the Committee of Annuity Insurers.

The Depository Trust & Clearing Corporation is working on expanding its automated cash flow matching and netting service for over-the-counter equity derivatives to non-dealers.

Several industry associations have come out against the buy-in provision in the European Commission’s proposed regulation on short selling.

Malaysia will continue to tighten over-the-counter derivative regulation and investor protection measures for structured products in the coming decade, according to Tan Sri Zarinah Anwar, chairman of the Malaysia Securities Commission.

Corporate income statement volatility will fall under the International Accounting Standards Board’s proposed accounting standard changes for derivative transactions released last week.

The International Swaps and Derivatives Association has released two studies highlighting methods to increase transparency in the credit default swap and interest rate swap markets.

The volume of maturing synthetic collateralized debt obligations and their hedges is expected to soar over the next four years as deals generated at the peak of the market roll off.

Landesbank Baden-Württemberg has hired Stuart Lucas as global head of credit trading to replace Ian Claisse, who left in September (DW, 9/27).

A secondary claims market on claims based on debt instruments issued by now-insolvent Icelandic banks has maintained liquidity, according to Jon Kibbe, partner at Richards Kibbe and Orbe in New York.

Segregating client collateral via individual accounts in clearing over-the-counter derivatives is gathering popularity among endusers, according to speakers at the Futures and Options World Derivatives Conference on Wednesday.

The Commodity Futures Trading Commission introduced a proposed rule today that includes a four-part test for exempting financial entities from being designated as swap dealers. The rule also includes proposed thresholds for the designation of major swap participants.

StormHarbour has begun offering broker-dealer services in Tokyo as part of the integration of NSH Securities Co., which was recently acquired by the company.