Derivs - People and Markets
-
Ashley Jarvis is said to have left as global head of business and capital consultancy in UBS’ prime broking division in Hong Kong.
-
Buy-side firms and other end users will face skyrocketing reporting and systems costs if they are caught up in over-the-counter derivatives regulation meant primarily for liquidity providers, according to a report from Aite Group.
-
The European Commission has launched two antitrust investigations of the credit default swaps market involving 16 banks and other entities
-
The U.S. Securities and Exchange Commission is planning to make a major examination of exchange traded funds and mutual funds’ use of derivatives a top priority this year, according to Eileen Rominger, director of the SEC’s Division of Investment Management. Click here to read the story from MarketWatch
-
The credit default swap portfolio of KA Finanz, Austria’s bad bank, has a negative market value of EUR986 million (USD1.5 billion), according to its annual report.
-
The Alberta Securities Commission has proposed a rule requiring international and local financial institutions and Alberta-based end users to register as securities dealers if they utilize derivative contracts that are not physically settled commodity contracts. -
Evercore Partners has hired Lloyd Sprung as a senior managing director in its investment banking business to focus on advising clients on debt capital markets and corporate restructuring transactions.
-
Jubilee Financial Products has rolled out a structured product linked to U.K. residential home prices.
-
Banks have lashed out at the Financial Accounting Standard Board over its proposal to eliminate an exemption for derivatives regarding the reporting of gross assets and liabilities.
-
Credit default swap spreads on European high-yield corporate bonds fell to their lowest level since Jan. 2, 2008.
-
The U.S. Commodity Futures Trading Commission has voted to extend the public comment period for proposed derivatives regulations for an additional 30 days to 60 days.
-
The Dodd-Frank Act falls short of considering many issues that over-the-counter derivatives will encounter with implementation of new regulations, according to Aite Group in a new report.
