Derivs - Interest Rate

Commodity Futures Trading Commission (CFTC) chairman Timothy Massad has emphasised his "commitment to protecting commercial end-users from overly onerous regulatory burdens", drawing a sharp distinction between the core users of derivatives and the activities linked to the financial crisis.

Barclays will offload a legacy derivatives portfolio to JP Morgan as part of the British bank's plans to run down its non-core assets.

Tradeweb Markets has launched an electronic over-the-counter marketplace for US-listed exchange traded funds.

LCH.Clearnet, the clearing business majority owned by the London Stock Exchange Group, has been granted clearing house status by the Monetary Authority of Singapore.

The short-end of the RMB swap curve has been steady as the People’s Bank of China (PBoC) continues to provide the money market with liquidity ahead of next week's Chinese New Year holiday. Five-year swaps have been better bid on improving risk sentiment though and the 1s/5s NDIRS slope has steepened accordingly, writes Deirdre Yeung of Total Derivatives.

trueEX, a fast growing swap execution facility (SEF), has executed the first dealer to client Mexican peso interest rate swaps trades on its platform.

UBS has asked Markit to administer and calculate its investible indices, as the bank looks to meet Europe’s regulatory push to improve transparency and oversight of industry benchmarks.

A fight between the European Commission and the member states of the Union could allow the Markets in Financial Instruments Directive II to split into myriad national interpretations — a nightmare for those trying to implement the complex new rules.

The US Commodity Futures Trading Commission (CFTC) has granted full registration to 18 swap execution facilities (SEFs), upgrading them from the temporary registrations they held before.

The biggest players in the international swaps market look to face an impossible race this year to meet European margin requirements, thanks to delays by regulators in putting the plans together.

Forcing more companies to register as swap dealers would be "destabilising" to banks and "would undermine rather than promote proper risk management" among banks and their customers, according to counsel for the American Bankers Association.

As part of plans to grow its derivatives business, Mizuho International has begun to clear euro and dollar interest rate trades through LCH.Clearnet’s SwapClear.