Derivs - Interest Rate

Germany’s Federal Court of Justice, its highest civil court, has ruled that Deutsche Bank recommended derivatives that it says calls into question the integrity of the advice it offers clients.

AcadiaSoft has launched an online collateral management platform for over-the-counter derivatives.

Leo Tong, head of G3 (euro, yen and U.S. Dollar) credit sales for derivatives and cash at Standard Chartered Bank in Hong Kong, resigned from the firm last week, according to an official familiar with the move.

A three- to five-year exemption for pension funds from clearing obligations is likely to be included in the next compromise text from the E.U. Council’s working group on European Market Infrastructure Regulation.

Russia legislators have approved close-out netting for derivatives--a move that should fuel growth in a market that has widely been seen as hampered by the issue.

Michael Vasseghi, head of macro structuring encompassing rates and fx at UBS in Stamford, Conn., has left the firm.

German pension funds have been increasingly involved in long-dated zero coupon inflation swaps over recent months as a weak euro raises the spectre of higher inflation in Germany.

The European Parliament’s economic committee has delayed a final vote on the European Market Infrastructure Regulation for a month.

The European Commission is grappling with the issue of whether the European Securities and Markets Authority has the power to determine which over-the-counter derivatives must be centrally cleared.

In March, USD12.7 billion worth of interest rate swaps were cleared through the Singapore Exchange central counterparty, AsiaClear, up USD2.5 billion from the previous month.

BNY Mellon has appointed Jonathan Bowler, Chris Coleman and Laura Scala to senior management positions in its Derivatives360 business.

Royal London Asset Management has hired Darren Bustin, the ex-head of derivative solutions at life insurance and pension company AEGON, as head of derivatives based in London.