Derivs - People and Markets

The Financial Services Authority is expanding its reporting requirements for on-exchange derivative transactions that would increase the costs of technology for dealers, according to lawyers.

Australia and New Zealand Banking Group is looking to expand its equity derivatives presence in Asia.

The Australian Prudential Regulation Authority will require a stressed value-at-risk calculation to better capture the credit risk of complex and derivatives trades when calculating capital adequacy, according to a report released this week.

Regulators implementing the use of central clearinghouses in the over-the-counter derivatives market need to pay attention to the potential pitfalls of CCPs being domiciled in different regulatory jurisdictions, according to an International Swaps and Derivatives Association discussion paper published today.

GAIN Capital Holdings has launched GTX Direct, a prime brokerage service for institutional investors a high net worth investors.

Goldman Sachs has hired P.V. Krishna as managing director and head of capital markets for India.

Nomura Holdings is said to have named Mark Bartels as chairman and head of its new equity capital markets group in Australia.

A reduction in the supply of long-term government debt could force buysiders to turn to derivatives or riskier alternatives, according to the Bank of International Settlements’ Committee on the Global Financial System.

JPMorgan has hired Daniel Benchimol, a senior portfolio manager at Capstone Investment Advisors in New York, as managing director in equity derivatives trading for the Americas also in New York.

Danny Chan, director and head of structured product sales to private banks in Asia at Deutsche Bank, in Hong Kong, has left the firm according to an official familiar with the move.

Gary Gensler, chairman of the U.S. Commodity Futures Trading Commission, said a reporting rule designed to collect data on swaps positions may be among the first over-the-counter derivatives regulations to be implemented.

Bank of America Merrill Lynch has hired Mary Ann Deignan as managing director and head of equity capital markets for the Americas.