Derivs - People and Markets

OCBC Bank (Malaysia) plans to issue its first structured warrants July 21.

Credit Suisse has named Tim O’Hara as co-head of global securities, succeeding Tony Ehinger, who has decided to leave the Swiss bank after 25 years.

Standard Chartered has named Pete Szekely as head of its global high-yield product group.

Citigroup has hired Elizabeth Neely as head of capital introduction for the Americas.

Merrill Lynch Wealth has hired Amilcare Police as head of credit and banking for Europe, the Middle East and Africa.

The Australian authorities are looking to clear up uncertainty surrounding close-out netting with flailing domestic financial institutions and insurers.

The Monetary Authority of Singapore will mandate the central clearing of standardized derivatives, but has yet to determine how, and to what extent it will do so, Ravi Menon, managing director of the MAS said at the regulator’s annual report conference today.

Scott O’Malia, one of two Republicans on the U.S. Commodity Futures Trading Commission, has criticized the agency’s derivatives rule-making process as having “no specific plan or strategy” for implementing the rules.

The recent surge in emerging-markets sovereign credit default swaps has subsided, as developing market sovereigns showed increased liquidity in the first two weeks of July, according to Fitch Solutions.

Credit default swap investors still have a more negative view of the insurance sector than Moody’s Investors Service, according to the ratings agency’s new Global insurance CDS Index.

New derivatives regulations under the Dodd-Frank Act are expected to fuel competition between establisher dealer banks and high-frequency firms for swap business, according to Tabb Group.

Interdealer broker ICAP is said to be closing its credit hybrids business.