Derivs - Interest Rate

Goldman Sachs has hired Thomas Hollenberg to trade euro and sterling interest rate options.

A recent discussion paper from the European Securities and Markets Authority on Undertakings for Collective Investment in Transferable Securities exchange-traded funds and structured UCITS had investment managers asking what the regulator is trying to accomplish.

Societe Generale strategists are recommending investors use South African rand interest rate forward starting swaps to take advantage of the view interest rate yields will rally in the country and subsequently steepening the curve over the next year.

The Polish presidency of the European Council narrowed the scope of the European Market Infrastructure Regulation to over-the-counter derivatives instead of all derivatives in its first stab at revising the legislation, in contrast to the last text from the Hungarian presidency.

The European Commission will be more specific in its exemption of financial contracts from a European Union Contract Law while also allaying fears that those contracts classed as sales contracts that have a derivative element to them will not be included, a senior official involved in the legislate process has told Derivatives Intelligence.

Non-resident investors in India may hedge rupee risk onshore via forwards and options, according to an announcement from the Reserve Bank of India.

Concerns surrounding extraterritoriality in forthcoming European and U.S. regulation in the derivatives market were the focus of conversation between market officials and Asian regulators at the International Swaps and Derivatives Association Asia Pacific Regulators Workshop in Hong Kong today.

Costs associated with interest rate swaps are heading higher even before the derivatives regulations under the Dodd-Frank Act have been finalized.

Costs associated with interest rate swaps are heading higher even before the derivatives regulations under the Dodd-Frank Act have been finalized.

The last few weeks of unease surrounding the U.S. and European markets have been underpinned by the idea a European default, or a U.S. default, are only one more riot, downgrade or political disagreement away.

The Australian authorities are looking to clear up uncertainty surrounding close-out netting with flailing domestic financial institutions and insurers.

The Monetary Authority of Singapore will mandate the central clearing of standardized derivatives, but has yet to determine how, and to what extent it will do so, Ravi Menon, managing director of the MAS said at the regulator’s annual report conference today.