Derivs - Interest Rate

The International Swaps and Derivatives Association is working on amendments to section 2(a)(iii) of its master agreements to reduce legal disputes in cases of default.

The European Securities and Markets Authority has agreed on the final rules for the risk management and calculation of global exposures for structured UCITS funds.

Banks operating in Asia are likely to suffer from the fragmented approach to derivatives reforms taken by countries in the region.

Swap execution facilities overwhelmingly are viewed as improving the derivatives trading market, according to a Tabb Group.

European pension schemes may be exempt from derivatives regulations just as corporations will be, according to Kay Swinburne, member of the European Parliament’s Committee on Economic and Monetary Affairs.

Republican members of the House of Representatives plan to introduce legislation that would delay the deadline for regulations from July until December 2012.

Hal Scott, director of think tank Committee on Capital Markets Regulation, has called on the U.S. and European Union to better coordinate their respective proposed regulations for derivatives.

The Technical Committee of the International Organization of Securities Commissions to play a more active role in the oversight of the commodity derivatives market.

Collateral Costs For OTC Trades To Riseof whether collateral is posted as a result of new regulations adopted by the Basel Committee on Banking Supervision, according to Finadium.

Ministers of Brazil, Russia, India and China meeting at a summit in China said strict derivatives regulations are needs to deal with volatile commodity prices that could threaten financial stability.

A Senate subcommittee claims that mortgage traders at Goldman Sachs tried to manipulate the prices of derivatives tied to subprime mortgages in May 2007.

Hong Kong’s Independent Commission Against Corruption announced the arrest of 11 individuals including two senior bank staffers in connection with an investigation into fraudulent trading of derivatives warrants.