Derivs - Interest Rate

French markets regulator, Autorité des marchés financiers, has expressed concerns over the supervision of UK clearing houses after Brexit, suggesting that UK home country supervisors may not focus on the stability of the European Union.

JP Morgan has started credit default swap clearing with London-based clearing house LCH, opening a line with a Nordic pension fund.

The FICC Market Standards Board has released its final standard for conduct in new issue hedging, following a consultation launched in October last year.

The International Swaps and Derivatives Association has published new versions of its master agreement that apply to French and Irish law, setting up post-Brexit contract choices beyond English law.

The European Securities and Markets Authority (ESMA) has encouraged competent authorities to “not prioritise” penalising pension funds as the regulator prepares for a period where the institutions will not be granted an exemption from clearing their derivatives.

Nomura has placed at least 50 employees in EMEA global markets at risk, GlobalCapital understands.

GlobalCapital is pleased to announce the shortlist for its Global Derivatives Awards 2018.

The International Swaps and Derivatives Association on Monday said that the uptake of clearing of interest rate derivatives in the US was partially a result of the “powerful incentive to clear” thanks to the benefits of multilateral netting.

The Derivatives Service Bureau (DSB) has reached out to European trading venues and banks to hash out an acceptable fee model for its regulatory services in a new consultation published on Monday.

UK regulators’ data shows that derivatives users in sterling markets are still writing Libor-linked contracts which last beyond 2021, when the benchmark will no longer count on the Financial Conduct Authority's support.

The ECB outlined how its planned replacement for Euribor, the Ester rate, will work, in a release published on Thursday. The new rate will begin publication from October next year.

Veteran Deutsche Börse executive Jeffrey Tessler has been appointed chairman of derivatives exchange Eurex Frankfurt and clearing division Eurex Clearing.