Derivs - Interest Rate

The chair of the influential UK Treasury select committee, Nicky Morgan, told a conference of derivatives bankers, lawyers and regulators, that despite the threat of “serious problems” for cross-border derivatives contracts in a Brexit no-deal scenario, she was “reasonably confident that a no deal scenario will not cause the whole sector to fall over”.

For a team structure that combines sector and technical expertise with local relationships enabling it to deliver innovative derivatives solutions for clients around the world, Société Générale wins GlobalCapital’s Corporate Solutions House of the Year award.

For relentless focus on MiFID II issues, for its overall organic growth, for the lack of merger distractions and for the stunning growth of its US credit derivatives business, Tradition is GlobalCapital’s Interdealer Broker of the Year.

GlobalCapital is delighted to announce the winners of its 2018 Global derivatives awards, which were unveiled at the Jumeirah Carlton Tower in London on Tuesday September 25.

For its innovation in markets including FX options and non-deliverable interest rate swaps, stellar performance and growth and an approach that seems to put the customer first, LCH is GlobalCapital’s Derivatives Clearing House of the Year.

For its work with ISDA on major projects including Libor replacement and margin requirements, which have given the firm a leading edge in advising clients, and for its global presence bolstered by US expansion, Linklaters is GlobalCapital’s Global Law Firm of the Year.

Financial services veteran Marshall Bailey has been appointed chair of LCH Group, the clearing firm majority owned by London Stock Exchange Group (LSEG).

Mizuho has hired Mark Currie from Deutsche Bank as head of sterling rates trading.

Representatives from all corners of the derivatives industry will tonight gather at the Jumeirah Carlton Tower in London to celebrate the winners of the GlobalCapital Global Derivatives Awards.

Koos Timmermans, the outgoing chief financial officer of Dutch bank ING, will be stepping down from his role as the chairman of the working group on euro risk-free rates, according to a European Central Bank (ECB) spokesperson.

Kate Birchall, the former head of portfolio optimisation and collateral at National Australia Bank, has been chosen by LCH to lead the Asia Pacific operations of its London-based clearing house LCH Limited.

TrueEX, the electronic trading platform provider, has responded forcefully to attempts by dealer banks to dismiss an amended complaint against them.