Derivs - People and Markets

Hong Kong Exchanges and Clearing (HKEX) is planning to formally re-launch a futures contract for Chinese treasury bonds (T-bond), after piloting the product last year, Charles Li, chief executive of the bourse, told the HKEX’s RMB Fixed Income and Currency Conference on Tuesday.

The UK Financial Conduct Authority (FCA) on Monday made public its worries about cryptocurrency crime, advising banks on how they could properly scrutinise clients involved in the nascent sector.

Cryptocurrency regulation won't be harmonised across jurisdictions, said two panellists at a Futures Industry Association conference in London this week.

A fund and a local securities exchange will create the first clearing house in Nigeria. Both hope it will bolster liquidity and improve financial stability in the Nigerian capital markets.

Top officials from global supervisory bodies furiously debated the implications of new European rules that change the oversight of foreign clearing houses, covering the role of central banks, national regulators and arrangements in crisis situations.

Larry Thompson, vice-chairman of the Depository Trust & Clearing Corp, on Tuesday suggested that populist rhetoric in the US might be overshadowing President Trump's strong choices of leaders in independent financial oversight agencies.

The Depository Trust and Clearing Corporation has appointed two new directors to its board after a vote at its annual shareholders meeting.

The Commodity Futures Trading Commission on Monday discussed a new proposal that would not change the notional threshold at which financial institutions have to register as swap dealers.

The financial industry was told by regulators from the UK, Europe and the US this week to take the initiative in the transition from using Libor as a reference rate by the 2021 deadline.

The US Federal Reserve Board has put forward a sweeping set of proposals to soften restrictions on proprietary trading under the Volcker rule, in a move that could free up banks to pursue more transactions related to underwriting and market making.

Deutsche Börse’s CEO, Theodor Weimer, on Wednesday committed to greatly reducing the exchange group's structural costs by 2020 while doubling down on growth, technology and acquisitions.

Ahead of its AGM on Thursday in Frankfurt, Deutsche Bank announced it had finished the review of its equities business, and planned to cut headcount and prime finance leverage by a quarter — as part of package of cuts that will see more than 7,000 jobs lost at the bank.