Derivs - Interest Rate

CME Group has launched an interest-rate futures market modeled after one run by NYSE Euronext.

Deutsche Bank plans to complete a longevity swap with a large U.K. pension fund in the next three to four weeks.

The International Swaps and Derivatives Association has called on the Japanese Financial Services Agency to ensure clearing requirements for derivative transactions, particularly those that are cross-border, be consistent with regulation in overseas countries when it implements its Financial Instruments and Exchange Act.

The Royal Bank of Scotland has issued a multi-asset note unique for paying out the best return of three strategies and including a 50% allocation to inflationary assets such as gold and other commodities.

Martin Belvisi, global head of interest rates and foreign exchange structuring at Bank of America Merrill Lynch in London, has left the firm. It could not be determined if a replacement had been lined up.

David Epstein, head of longevity structuring at JPMorgan in London, has left the firm.

The Bank for International Settlements’ Basel Committee will in the next two to three weeks issue a final consultation on the capitalization of dealers’ exposures to a central counterparty’s default fund.

Investment banks that have a foothold in the over-the-counter interest rate derivatives market could choose to move to exchange-traded transactions due to cumbersome U.S. regulation, according to Paul McGregor, director and head of fixed income derivatives at NYSE Liffe.

Deutsche Bank has been named the Global Derivatives House of the Year by the editors of Derivatives Week/Derivatives Intelligence. At a gala event at the Four Seasons Park Lane Hotel in London this evening, the bank scooped the top prize and also a number of asset specific awards. Also among the winners were CQS, Credit Suisse, Royal Bank of Scotland and ICAP.

The International Swaps and Derivatives Association, the Institute of International Finance and the European Association of CCP Clearing Houses are calling for more time to discuss punitive rules on the capitalization of exposures to central counterparties.

The International Swaps and Derivatives Association plans to publish maps of the types of derivatives within different asset classes in the next several weeks.

As anticipated, the widely awaited September Federal Open Market Committee meeting delivered ‘Operation Twist.’