Derivs - Interest Rate

Regulators and industry officials should collaborate to create global identifiers for over-the-counter derivatives counterparties and an international product classification system, according to a consultative report by the Committee on Payment and Settlement Systems and the Technical Committee of the International Organization of Securities Commissions.

Thomas Hyer, global head of quantitative analytics at UBS, has left the firm.

HSBC has hired an interest rates strategist away from the Royal Bank of Scotland, adding to its research desk in Singapore.

Banks in Hong Kong are getting set to approve a swath of over-the-counter renminbi-denominated swaptions, according to lawyers active in the transactions.

Nomura will fill its recently vacated global head of rates sales position internally, moving Scott Friedländer, currently managing director and head of rates sales for Europe, the Middle East and Asia, from London to New York.

Fewer U.K. pension fund managers are considering longevity swaps or bonds to hedge the risks of their funds as investment and inflation risk has risen in importance, according to a survey by MetLife Assurance.

Sergio Kostek, head of Latin American local markets trading at Royal Bank of Scotland, has left the firm.

Pushing over-the-counter derivatives to exchanges or electronic trading will not automatically make them easier to regulate or make those markets more efficient, according to the International Swaps and Derivatives Association and the Association for Financial Markets in Europe.

How do you get an economy to grow when inflation is waning, real unemployment is rising, housing underperforming, global economies are stuttering and debts are mounting? QE on all fronts, while not failing, is certainly not energizing economies in the way governments and central bankers had first hoped.

Danske Bank has become the first Nordic financial institution to become a member of LCH.Clearnet’s Swap Clear service for over-the-counter interest rate swaps.

Negative swap offer rates in Singapore have raised the specter of receivers on interest rate swaps having to actually pay counterparties.

Cantor Fitzgerald’s newly launched exchange-traded fund arbitrage business will look to establish in-house synthetic ETF and over-the-counter option trading capabilities within the next year.