Derivs - Interest Rate

The World Bank is offering an expanded menu of structures to the governments of developing nations, including hybrid commodity hedges and interest rate swaps.

The Bank for International Settlements is advising trade repositories to report data from participants in real-time when possible, with a minimum lag of one business day.

The Bank for International Settlements today recommended over-the-counter derivatives CCPs regularly check their procedures for coping with the failure of a member firm.

Royal Bank of Scotland announced that it has hired Gary Davis as a managing director in its credit and rates structuring team in Stamford, Conn.

The U.S. Senate Financial Reform Bill may be some way from becoming law, but that hasn’t stopped attorneys from scouring every clause, looking for a loophole.

Mukesh Dave, head of South East Asia interest rates and fx trading, has left Barclays Capital, firms officials.

UBS has hired Tom Regazzi as head of U.S. delta one trading. The delta one platform is a combination derivatives, cash and prime brokerage, and predominately serves hedge funds and institutional clients.

The fight isn’t over on the U.S. Senate Financial Reform Bill, despite Republicans successfully blocking a vote on bringing the bill, which would bring sweeping restrictions to over-the-counter derivatives, to debate last night. Democrats will force two more votes today and tomorrow.

ING Bank has issued five-year hybrid notes with returns linked to the three-month Euribor and capital protection linked to the Dow Jones Eurostoxx 50 Index.

Nomura plans to bulk up its fixed income, currency and commodities sales force in India.

Robert Popowski, the U.S. head of fixed income sales at Crédit Agricole Corporate & Investment Banking, formerly known as Calyon, has resigned.

The Senate Agriculture Committee voted 13-8 to send the Wall Street Transparency and Accountability Act of 2010, penned by Chairman Sen. Blanche Lincoln (D-Ark.), to the full senate.