Derivs - People and Markets

The U.S. Commodity Futures Trading Commission has included collective investment vehicles, including hedge funds and commodity pools, in its definition of what it considers a U.S. person in its interpretative guidance regarding the cross-border application of the swaps provisions of Title VII of Dodd-Frank.

Yaniv Ohana, a corporate credit trader at JPMorgan in London, is set to join Deutsche Bank in a similar role.

LCH.Clearnet has added a third over-the-counter derivative asset class to its clearing offering today, after it received permission to clear credit default swaps on indexes for U.S. clearing members though CDSClear, an in-house division.

Min Park, former managing director and co-head of equity derivatives and convertibles for Asia Pacific at Credit Suisse in Hong Kong, has landed at Standard Chartered.

The U.S. and E.U. regulator deal announced today stating their mutual understanding on cross-border derivatives rules should help protect firms from overlapping regulatory requirements and increased costs.

Michael Cavanagh, sterling credit trader at Royal Bank of Scotland in London, is set to join UBS in a similar role, also in London.

Shane Miller, head of flow index trading for the Asia Pacific region at Barclays, has left the firm.

Tobi Molko, managing director in equity derivatives at Bank of America Merrill Lynch in New York, is set to join BNP Paribas in a similar role, also in New York.

A defeasance fund may be necessary to address a string of cases in France relating to structured products between investment banks and local authorities.

Hong Kong’s Legislative Council is set to debate key legislation on Wednesday that will govern the city’s mandatory over-the-counter derivative G20 commitments.

ANZ has hired Tim Moloney, an ex-senior fx salesman at Barclays in Singapore, as the global head of fx investor sales, also in Singapore.

A group of associations including the International Swaps and Derivatives Association and the American Bankers Association have written to the Basel Committee on Banking Supervision, warning that its guidelines for controlling exposures might stifle liquidity in swaps and futures markets.