Derivs - Interest Rate

Only about one-third of the 387 sets of rules required by the Dodd-Frank Act have not yet been proposed, as the first deadlines for the regulations in July draw near, according to the law firm David Polk & Wardwell.

Derivatives trading books of dealers globally fell sharply in the fourth quarter, according to the Bank for International Settlements.

Banks have lashed out at the Financial Accounting Standard Board over its proposal to eliminate an exemption for derivatives regarding the reporting of gross assets and liabilities.

The U.S. Commodity Futures Trading Commission has voted to extend the public comment period for proposed derivatives regulations for an additional 30 days to 60 days.

The Dodd-Frank Act falls short of considering many issues that over-the-counter derivatives will encounter with implementation of new regulations, according to Aite Group in a new report.

LCH Clearnet has implemented Murex’s capital markets platform, MX3, for its SwapClear interest-rate swap clearing service.

The U.S. Securities and Exchange Commission and the U.S. Commodity Futures Trading Commission appeared to still be divided on their definitions of key derivatives terms and related matters despite issuing a joint proposal without specific language on Wednesday.

Nomura Holdings today reported a 55% year-on-year growth in over-the-counter fixed income derivatives trading volume, despite fixed income wholesale global market revenue falling from JPY308 billion (USD3.769 billion) to JPY259.8 billion (USD3.179 billion) from fiscal year 2009 to FY2010.

Ian Donaldson, managing director and head of developed market rates distribution for Asia Pacific at Bank of America Merrill Lynch in Hong Kong, is relocating to London where he will become head of Europe, Middle East and Africa rates sales, according to an internal memo seen by Derivatives Week.

Earlier this month, Reporter Mike Kentz spoke to Robert Pickel, executive vice chairman of the International Swaps and Derivatives Association in New York, in the final installment of our series of interviews on swap execution facilities and derivatives regulation.

Citigroup has promoted Mike Pringle to the new position of head of global equities trading. Pringle has been head of equities for Europe, Middle East and Africa since 2009.

Consensus on exempting pension funds from central clearing obligations is starting to form within the Economic and Monetary Affairs Committee of the European Parliament.