Derivs - Interest Rate

The Chinese State-Owned Assets Supervision and Administration Commission has imposed tight requirements for state-owned enterprise derivatives use, including a prior-approval requirement for any offshore commodity derivatives.

The Autorité des marchés financiers, France’s market regulator, has struck out on its own to propose broker-dealers and other market intermediaries give investors early notification about modifications slated to hit securitizations and derivatives, as well as provide investors with regular quarterly reports.

The Securities and Exchange Commission is restricting the investment possibilities for new fixed-income exchange-traded funds, particularly actively managed vehicles, according to executives from Vanguard Group and PIMCO.

BGC Partners has completed its first fully electronic over-the-counter Australian dollar interest rate swap and its first fully electronic Australian Bill/London Interbank Offered Rate basis trade.

Asian and U.S. firms that don’t plan to market securitized transactions to European Union credit institutions theoretically could get hit with a new E.U. law concerning risk retention if anyone buying into part of the deal enters into over-the-counter derivatives with an E.U. institution.

A plan to increase risk weightings for banks’ exposures to central counterparties may cool down dealers who might have been keen to push clearing for clients.

Deutsche Bank will defer up to 90% of the amount of some 2010 bonuses over three years. The level would be applied to its more senior employees and those identified as senior risk takers, and set the firm apart from rivals, who are deferring less.

Werner Langen, European Member of Parliament, has removed reporting requirements for non-financial corporates and also delayed the implementation of clearing for them.

The European Securities and Markets Authority is expanding its derivatives, credit rating agency and asset management expertise, and has today begun hiring for its Markets and Intermediaries Division.

RP Capital, the alternative investment firm founded by Rafael Berber, the ex-global head of Merrill Lynch’s equity-linked product group, is to launch a UCITS emerging markets fund.

Werner Langen’s amendments to the European Commission's legislative proposal on how to achieve an efficient, safe and sound derivatives market in Europe, have just been released in German. Click through to view the paper in full.

The Securities and Exchange Commission and the Commission Futures Trading Commission should phase in the Dodd-Frank Act’s requirements on clearing, execution and reporting, according to Gerald Donini, head of equities and trading for the Americas at Barclays Capital.