Derivs - Credit

A new stress test for systemically important financial institutions has been outlined by risk academic Darrell Duffie, professor at Stanford University.

Fewer swaps than Congress and the public expect may end up getting traded on exchanges or through swap execution facilities, according to a Securities and Exchange Commission official.

Scottish Widows Investment Partnership has hired Daniel McKernan from BlackRock as head of European and U.K. credit, which includes synthetics and cash bonds.

A key component of the China’s derivative market development plan is avoiding mistakes seen in the U.S., Xuecheng Jing, the former deputy director of the research bureau at the People’s Bank of China said at the Derivatives Asia 2010 conference in Beijing this week.

Credit risk mitigation certificates will likely start trading in China before month-end, a National Association of Financial Market Institutional Investors official told Derivatives Week.

Barclays Capital has tapped Jacques Barouhiel as a synthetic credit structurer in New York.

Barclays Capital has tapped Jacques Barouhiel as a synthetic credit structurer in New York.

Interference by politicians over how central counterparties calculate their margin requirements and operate risk management systems could lead to such institutions being built up as ‘too big to fail,’ according to Sharon Bowles, chair of the European Parliament’s Economic and Monetary Affairs Committee.

Notional outstanding over-the-counter derivatives have risen over the past three years, with the falling amount of credit derivative outstanding more than offset by growth in interest rate contracts.

Keith Noyes, regional director for the Asia Pacific at the International Swaps and Derivatives Association in Hong Kong sat down for a wide-ranging interview with Eleni Himaras, senior reporter and Hong Kong Bureau Chief for Derivatives Week.

The most viable model for clearinghouse interoperability in the Asia Pacific region would be one in which regional clearinghouses became members of a so-called super-central counterparty, Keith Noyes, regional director of the Asia Pacific for the International Swaps and Derivatives Association in Hong Kong, told Derivatives Week in an wide-ranging interview.

Singapore’s Economic Development Board is approaching U.S. corporate treasurers to pitch the city state as location for their treasury trading desks.