Derivs - People and Markets

The Australian Securities and Investment Commission has proposed reporting standards for credit rating agencies.

Jefferies has hired Sean George and Richard Roche as managing directors and senior traders in its New York-based investment-grade corporate bond business.

The Basel Committee has removed the maturity cap for credit exposures in the revised version of Basel III released today.

Deutsche Bank has shuffled personnel at its BHF-Bank unit, with Jan Schoenleber, head of proprietary trading, named to replace Thomas Eckert as head of equities.

Morgan Stanley has published a credit event and auction primer for sovereign credit default swaps.

NYSE Euronext is said to be looking at setting up parallel clearing services for instruments traded on exchanges and those off-exchange or in over-the-counter markets, if its proposed deal to acquire LCH.Clearnet succeeds.

Madison Tyler and Virtu Financial, two large U.S.-based proprietary trading firms, have agreed to a merger that would make the entity one of the five largest such firms in the world.

Barclays Capital has named Naoki Toyoizumi as managing director and head of M&A advisory, investment banking for Japan.

BNP Paribas has hired Torsten Murke as head of investment banking for Germany and deputy country head for Germany.

The European Structured Investment Products Association has released a set of principles governing how member firms issue, market, sell and trade structured products.

The European Securities and Markets Authority has asked for input on what topics in the European Market Infrastructure Regulation to prioritize in creating technical standards.

A new regulatory interpretation of Japanese law, along with what market officials say is a sound risk waterfall in the coming Japan over-the-counter derivatives central counterparty, has eased fears that members would have unlimited liability to the onshore clearinghouse.