Derivs - Interest Rate

The LCH Group has appointed Daniel Maguire as its next chief operating officer.

French finance minister Michel Sapin has warned British officials that London will lose its euro denominated derivatives business after leaving the European Union, saying that the bloc must be “masters” on rules that apply to its currency.

The European Securities and Markets Authority (ESMA) has released its opinion on the European Commission’s proposals for EU regulations on central counterparty (CCP) recovery and resolution. ESMA, while applauding the proposals in general, disagreed with the Commission's suggestion that its supervisory and monitoring role can be carried out using existing resources.

German government-owned development bank KfW has entered into an agreement with Eurex Clearing that will see its euro denominated interest rate swaps cleared by the Frankfurt central counterparty.

The US Commodity Futures Trading Commission has settled a charge of spoofing in the US Treasury futures market with two Citigroup traders.

Hong Kong Exchanges (HKEX) has received sign off to release a client clearing service through OTC Clearing Hong Kong Limited. The service will provide clearing and settlements services for OTC derivatives.

The European Securities and Markets Authority has established memoranda of understanding under European markets infrastructure regulation with seven non-EU regulators.

Intercontinental Exchange, the US based exchange and clearing business, has announced the appointments of Ann Cairns and Duriya Farooqui to its main board.

Intercontinental Exchange has had limited success in its appeal against a UK Competition and Markets Authority (CMA) ruling that it should sell Trayport, an energy trading platform it bought in 2015.

Volume figures released by the major derivative exchanges for the month of February show mixed results, with equity index volumes suffering year-on-year falls in most markets.

NEX Group, the e-trading company spun out of ICAP and Tullet Prebon's merger, has hired Dr Kay Swinburne, an MEP who has been at the heart of writing trading regulation, to its new regulatory think-tank.

The Bank for International Settlements (BIS) has published a technical guidance document aimed at regulatory authorities to enable them to set rules on assigning uniform global Unique Transaction Identifiers (UTIs) to over-the-counter derivatives transactions.