Derivs - Interest Rate

US swap market participants are beginning to emerge from reading the 723 pages of proposed rule changes for swap execution facilities and the trade execution requirement published by the Commodity Futures Trading Commission (CFTC). Meanwhile, they received notice this week of the man likely to replace the architect of the proposals.

EU lawmakers are ready to grant a temporary authorisation for the City’s clearing houses (CCPs) and central securities depositories (CSDs), according to two drafts documents obtained by GlobalCapital.

Nearly one year on since the implementation of the second Markets in Financial Instruments Directive, rates derivatives trading on multilateral trading facilities is powering upwards, according to a Tradeweb report.

Trade repository provider Regis-TR has announced its intention to establish fixed operations in the UK, in order to comply with regulatory requirements in the wake of Brexit.

Société Générale is working to offer its clients direct clearing capabilities in the eurozone by the end of the year, as it launches an offering in Paris for listed and OTC derivatives.

The back and forth of an antitrust case aimed at Wall Street’s biggest swaps dealers continued apace this week, as defendants sought to prevent an amended complaint being filed against them, rejecting that one of their former employee’s declarations could be considered new information.

The London Stock Exchange Group has decided to shut down some product lines in its equity derivatives business as it focuses on its interest rates offering.

The chairman of the Commodity Futures Trading Commission (CFTC) on Thursday seemed to side with the Bank of England in demanding more clarity from European authorities on how they plan to alleviate post-Brexit derivatives disruption.

The breakdown of trust in ISDAfix following allegations of collusion and manipulation in 2012 led to a complete overhaul of the benchmark. A recent report by the Financial Conduct Authority proves that the hard work is paying off, reaffirming the potential for the model to be applied to other benchmarks.

Frankfurt-based Eurex Clearing on Thursday announced that 24 firms had signed up to take advantage of its new partnership programme for repo market participants.

The Derivatives Service Bureau, which creates International Securities Identification Numbers (ISINs) for OTC derivatives, has increased its fees for next year.

The Commodity Futures Trading Commission (CFTC) on Tuesday announced the composition of a 21-member committee that will advise the derivatives regulator on interest rate benchmark reform.