Derivs - People and Markets

The Australian Securities & Investments Commission has announced that it will begin scrutinizing the advice given by the issuers of capital-protected products and individually managed accounts.

Authorities should avoid regulating commodities derivatives through position limits, according to the International Swaps and Derivatives Association.

Tullett Prebon has acquired the over-the-counter credit trading desk of Newedge.

The Japan Securities Clearing Corp. is planning to limit clearing member liability for its coming over-the-counter derivatives clearinghouse, according to officials familiar with the process.

The U.K.’s High Court has ruled in favor of Barclays in a case brought by Cassa di Risparmio della Repubblica di San Marino, a bank that alleged it lost EUR92 million (USD128 million) from collateralized debt obligations sold by the British bank.

The gap between credit default swap spreads on Greek, Irish and Portuguese sovereign debt and those of Spain and Italy widened to a record USD496,000.

Berenson & Co. has launched a debt capital markets platform.

Denmark’s Saxo Bank has announced that its Saxo Capital Markets unit has opened an office in Hong Kong, its fourth in Asia.

New Delhi-based Religare Enterprises has named Gary Lilley as ceo of Religare Capital Markets for North America.

French law firm CMS Bureau Francis Lefebvre has named Marc-Etienne Sébire as head of capital markets.

JPMorgan Chase has traded six credit default swaps that the investment banks is “broadly consistent” with new regulations proposed in the Dodd-Frank Act.

The International Swaps and Derivatives Association has called for the European Commission to set out principles on how partial property transfers from failing banks will occur.