Derivs - People and Markets
-
There are hints that the European Union member states may be pressing the E.U. to extend proposed regulations of the over-the-counter derivatives market to the entire derivatives sector.
-
The U.S. Commodity Futures Trading Commission plans on setting position limits based on data it expects to collect under a proposed swap trader’s reporting ruling, according to Dan Berkovitz, general counsel at the CFTC.
-
Jamie Dimon, ceo of JPMorgan Chase, has criticized proposed regulations to govern credit default swaps, saying they “would damage America.”
-
Jubilee Financial Products has rolled out Inflation Income Plan 2, a five-year plan that adjusts income based on annual inflation rates.
-
Knight Capital Group has appointed Robert Lyons and Alan Lhota as co-heads of global fixed income.
-
Oppenheimer & Co. has hired Todd Simon as managing director and head of digital media banking.
-
Cowen Group has expanded its health-care investment banking team with the hiring of George Milstein and Chris Swindle as managing directors.
-
The European Council failed to agree on the Hungarian presidency’s latest compromise on the short-selling and naked credit default swap regulation in a meeting yesterday.
-
Paris-based Tikehau Investment Management will buy protection on credit derivative indices such as the iTraxx Europe Sub Financials or Crossover indices to smooth price volatility of its new subordinated financial debt fund.
-
The Brazilian over-the-counter derivatives market should change in order to allow for more creativity and innovation, especially in collateral management systems, according to Otavio Yazbek, commissioner at the Brazilian regulator Comissao de Valores Mobiliarios.
-
Jamzidi Khalid, ceo of Deutsche Bank’s international Islamic banking unit and head of Islamic structuring for Asia ex-Japan in Kuala Lumpur, Malaysia, has left the firm, according to an official familiar with the departure.
-
China’s onshore foreign exchange options market will likely grow at a similarly slow pace to the recently-launched credit derivative market in the country, industry officials say.