Derivs - People and Markets
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Bloomberg has acquired regulatory consultancy and technology company RegTek Solutions as it pushes to strengthen its regulatory reporting product. -
The Global Association of Central Counterparties (CCP12) has warned against further regulation of default management auctions and the risk of adopting a “one-size-fits-all” auction approach to central counterparty clearing houses (CCPs).
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The US Commodity Futures Trading Commission has appointed Summer K. Mersinger as director of the office of legislative and intergovernmental affairs and Suyash G. Paliwal as director of the office of international affairs.
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Instinet has appointed Seema Arora as head of execution sales for the EMEA region, as part of a push to offer execution and bespoke, solution-driven strategies.
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BNP Paribas hires UK advisory head — Créd Ag’s credit unit chief moves to markets role — AIIB hires ICBC loan syndicator.
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The International Swaps and Derivatives Association has selected Bloomberg Index Services to assist with fallbacks provision as the derivatives industry prepares to transition away from Libor as its standard reference rate.
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The US Commodity Futures Trading Commission has sanctioned trader and CFTC-registered floor broker Benjamin Cox for alleged spoofing.
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UBS and Citi trader Tom Hayes was jailed for 11 years for manipulating Libor. But while the trader argued that he was made a scapegoat for the financial crisis, perhaps the rate he rigged is a bigger victim.
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Equity derivatives clearer the Options Clearing Corporation has appointed Susan O'Flynn and Stuart Bourne to its board of directors.
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Invesco has made two hires, Ali Zouiten and Derek Steeden, to bolster its derivatives-based solutions.
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Clearing house chief Martin Pluves will join the FICC Markets Standard Board (FMSB) later this year, as the voluntary rule-setter seeks to investigate issues like artificial intelligence in trading.
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As hardline Brexiteer Boris Johnson takes power in the UK, the European Commission is set to claim that the equivalence test for financial firms is tougher when the country in question is heavily connected to the EU.
