Derivs - Interest Rate

South Korean politicians have again pushed back the passing of key amendments to the nation’s main financial markets act, this time to October, threatening the country’s commitment to implement its central clearinghouse by year-end.

The Belgian moratorium on selling complex structured products has hit competition and created an uneven playing field, according to panelists at the Swiss Futures and Options Association's 33rd Bürgenstock meeting in Interlaken this morning.

Regulatory changes will usher in a marked shift toward simpler structured products, according to a panel at the Swiss Futures and Options Association's 33rd Bürgenstock meeting in Interlaken, this morning.

Futures broker Newedge has been approved for membership to clear over-the-counter interest rates swaps at the Chicago Mercantile Exchange, making it the first futures commission merchant to offer central counterparty clearing of OTC IRS.

Barclays is advising investors to buy out-of-the-money EUR2y (5y5y) payers against out-of-the-money USD2y (5y5y) payers.

Investors are keeping tabs on the outcome of this Thursday’s European Central Bank’s policy meeting, which could see Mario Draghi, ECB president, spell out details of state intervention in the region’s troubled bond markets.

South Korea’s Financial Services Commission is looking to stimulate its exchange-traded fund business by relaxing regulations on index-tracking funds, according to China’s Xinhua News Agency.

Fears that Australia’s resources boom is finally coming to a close drove credit default swap prices on the nation’s biggest miners to rise sharply within the last week.

The European Parliament has set an indicative date of Oct. 23 for a plenary discussion on legislative proposals for the amended Markets in Financial Instruments Regulation (MiFIR) and Markets in Financial Instruments Directove (MiFID).

Barclays is advising investors to enter Swedish krona/euro one-year six-month forward spread tighteners given benign SEK inflation prospects.

Innovation in product development, open access and full margin transparency for buysiders and sellsiders were some of the attributes that set CME Clearing apart from its competitors over the last year, according to market participants. That helped the firm land the 2012 Clearinghouse Of The Year award from the editors of Derivatives Week/Derivatives Intelligence.

Barclays has hired Mark Vaillant as a salesman in emerging market fixed income and fx sales in London.