Derivs - People and Markets

Lloyds TSB Corporate Markets has hired Phil McCabe, head of rates products structuring at Royal Bank of Scotland in London.

A lawsuit involving Lehman Brothers as the counterparty in a synthetic collateralized debt obligation may see another ruling in U.S. courts in the next few weeks.

Indian moves to create a domestic credit default swap linked to corporate bonds could flounder because of restrictions on seller hedging, according to respondents to a set of Reserve Bank of India draft proposals (DW, 8/11) that closed for comment earlier this month.

StormHarbour Partners, a global financial boutique, has bought the New York-based Fusion Advisory Partners, bringing that firm’s founders, Gregory Freer and Joseph McCann, into the fold.

International Organization of Securities Commissions will issue a report on electronic and exchange trading and set out minimum requirements for data reporting by next July after setting up a task force on over-the-counter derivatives regulation.

The definition of a major swap participant should be based on more than the notional value of a particular swaps category that an entity holds, according to Kenneth Raisler, partner with Sullivan & Cromwell.

The Futures Industry Association is creating documentation for clearing over-the-counter derivatives that market watchers believe could become the industry standard.

­Tullett Prebon has hired six senior brokers as part of a strategy to build up its emerging markets team in North America.

The Commission of European Securities Regulators is raising the possibility of regulatory action if firms don’t hit the targets in standardizing over-the-counter derivatives.

Greg Zerzan, the ex-head of global public policy at the International Swaps and Derivatives Association, has landed at Koch Industries as director of federal government relations for finance and trading.

DBRS has hired Maria Lopez as a structured credit analyst for its London office in a new role.

The Futures Industry Association is creating documentation for clearing over-the-counter derivatives that some market watchers believe could become the industry standard.