Derivs - People and Markets

An estimated USD 200 million belonging to clients of MF Global is said to have turned up at JPMorgan Chase in the U.K.

The Bank of England’s Securities Lending and Repo Committee criticized the recent European short-selling ban as disruptive for the securities lending market, and is considering adding central counterparty providers to its membership to help in discussing CCP issues.

Assets under management at European equity funds have plunged 46% since 2007, in large part because of the sovereign debt crisis in the region, according to Fitch Ratings.

Mizuho Securities USA has named Brad Wilson as executive director and head of U.S. sales trading for U.S. equities trading.

NYSE Liffe has opened an office in Hong Kong in a bid for business from Chinese brokers.

Taiwan’s trade repository could create a closed-off domestic derivative market if the system does not develop alongside international standards.

The Canadian Securities Administrators is looking to change the definition of a sophisticated investor suitable for disclosure exemptions for privately placed securitized products. But, the change will not have the intended effect if the CSA doesn’t eliminate redundancies in another proposal that requires issuers to provide information memorandums to those same investors.

Jon Corzine, the former ceo of MF Global, is expected to testify next month before the Senate Agriculture Committee and a panel of the House Financial Services Oversight and Investigations on the events that led to the collapse of the broker-dealer.

Korea’s Woori Bank said it will compensate investors 70% of the money they lost from investments in derivatives products.

Deutsche Bank has appointed Nadeem Masud as head of corporate and investment banking in Dubai and country head to succeed Salman Al Khalifa, who left earlier this month,

Fitch Ratings said it supports reform of the sovereign credit default swap market.

Lyxor has experienced a EUR6 billion (USD7.93 billion) outflow from its synthetic exchange-traded funds in the first 11 months of the year.