Derivs - People and Markets

The European Securities and Markets Authority (ESMA) will temporarily suspend the publication of MiFID II transparency calculations in the event of a no-deal Brexit.

European lawmakers have agreed on European Commission proposals to reform the European Market Infrastructure Regulation (EMIR), aiming to reduce costs for derivatives market participants and exempting small counterparties from clearing obligations.

Barclays has made two hires in its FX trading and distribution team. This included appointing another FX specialist who used to work for Deutsche Bank.

Deutsche Börse has revealed that six banks have signed up to its blockchain offering for collateral swaps in the securities lending market as it hailed “significant progress” in development of the solution.

Nasdaq has made a bid for Norwegian exchange group Oslo Børs VPS, firing up a takeover battle with rival Euronext.

The International Swaps and Derivatives Association (ISDA) has issued a new set of guidelines for central counterparty clearing houses (CCPs) in the wake of September’s default at Nasdaq Clearing.

Hong Kong Exchanges and Clearing (HKEX) has reported record Hong Kong derivatives market volumes, along with a surge in trading volumes at its London Metal Exchange (LME) subsidiary.

Dutch firm PGGM has become the first pension fund manager to centrally clear repo using Eurex’s ISA direct service, which offers buy-side tailored clearing memberships.

Industry body the Futures Industry Association (FIA) has submitted a lengthy letter to the Basel Committee for Banking Supervision (BCBS) lobbying for changes to the leverage ratio and how it interacts with derivatives clearing.

Eurex Clearing's head of risk analytics and model validation, Dmitrij Senko, has been appointed chief risk officer, and is set to formally replace risk management veteran Thomas Laux on July 1.

BNP Paribas has hired numerous bankers to bolster its corporate and institutional banking presence in the Nordic countries, including senior bankers in equity and derivatives roles.

A large majority of derivatives users have not yet started to prepare contracts for the end of Libor, according to a survey published on Thursday.