Derivs - People and Markets

Diana Place has joined Crédit Agricole Corporate and Investment Bank in London as director of emerging market fixed income sales.

The London interbank offered rate is economically relevant and necessary for the functioning of the over-the-counter derivatives market, and any discontinuation of the benchmark process could result in systemic risk and market dislocation, according to the International Swaps and Derivatives Association.

Mukesh Dave, managing director and co-head of emerging markets Asia macro trading at UBS in Singapore, is set to leave the firm.

South Korean politicians have again pushed back the passing of key amendments to the nation’s main financial markets act, this time to October, threatening the country’s commitment to implement its central clearinghouse by year-end.

VTB Capital has appointed Daren Wong as head of Asia high-yield trading, based in Hong Kong.

Jean-Baptiste Patois, senior equity exotics trader at Société Générale in Hong Kong, is moving to Credit Suisse.

Mark Green, an ex-portfolio manager at Infinity Capital Markets in London, has joined Citigroup as a director in equity derivative trading in London.

Investors are keeping tabs on the outcome of this Thursday’s European Central Bank’s policy meeting, which could see Mario Draghi, ECB president, spell out details of state intervention in the region’s troubled bond markets.

South Korea’s Financial Services Commission is looking to stimulate its exchange-traded fund business by relaxing regulations on index-tracking funds, according to China’s Xinhua News Agency.

Fears that Australia’s resources boom is finally coming to a close drove credit default swap prices on the nation’s biggest miners to rise sharply within the last week.

The European Parliament has set an indicative date of Oct. 23 for a plenary discussion on legislative proposals for the amended Markets in Financial Instruments Regulation (MiFIR) and Markets in Financial Instruments Directove (MiFID).

Credit Suisse has hired Dominic Yip, an ex-fx options trader at Citigroup in London, as head of fx developed markets options trading for Asia, based in Singapore.