Derivs - Interest Rate

The Korea Exchange will most likely house the coming Korean over-the-counter derivative central clearinghouse rather than the Korea Securities Depository, according to an official familiar with the decision.

John Wilson has left as managing director and global head of over-the-counter derivatives clearing at Royal Bank of Scotland as the bank reorganizes its futures business, as reported by Derivatives Week last week.

Two Republican lawmakers have called for an investigation into the U.S. Commodity Futures Trading Commission’s analysis of the costs of implementing the Dodd-Frank Act.

Gar Wood Securities has formed the CBOE brokerage services unit as part of its expansion of the firm’s derivatives execution services.

The volume of exchange-traded derivatives rose by 9% in the fourth quarter of 2010, according to the Bank for International Settlements’ quarterly review.

A new version of the Pimco Total Return Fund will not include derivatives.

The Japan Securities Clearing Corp. is planning to limit clearing member liability for its coming over-the-counter derivatives clearinghouse, according to officials familiar with the process.

The International Swaps and Derivatives Association has called for the European Commission to set out principles on how partial property transfers from failing banks will occur.

Swap execution facilities should not be forced to police position limit violations on their own systems, according to Phoenix Partners Group, the parent company of an interdealer for credit default swaps that intends to register as an SEF.

The Committee on Payment and Settlement Systems and the Technical Committee of the International Organization of Securities Commissions released a consultative report this morning asking market participants if central counterparties should be mandated to hold enough capital to cover the credit and liquidity risk of one or both counterparties in a given trade.

Proposed Commodity Futures Trading Commission rules on portfolio reconciliation may a heavy burden if applied to certain international firms, specifically those in Asia, who have only recently begun the practice.

John Wilson, global head of over-the-counter derivatives clearing at Royal Bank of Scotland, has been made redundant by the firm.