Derivs - People and Markets

A bill introduced to the New Zealand parliament this week would give expanded powers to the Financial Markets Association, which oversees over-the-counter derivatives.

Central clearing and the potential of being overregulated in Europe and the U.S. are the main challenges for the credit derivatives market, according to the dealers polled in FitchRatings’ latest credit derivatives survey.

Risk needs to factor in to how regulators define block trades, industry players are saying. Block trades will get to delay reporting and/or fewer disclosure requirements, under new standards.

Legislative proposals for the over-the-counter derivatives market released today by the European Commission lack specific detail and will create uncertainty in the market, according to industry officials.

Standard Chartered will launch Hong Kong index warrants for the first time in the next couple of months. It will follow up the offering with its first Hong Kong CBBC warrant.

MF Global has hired Michael Steinberg as managing director and head of Asian equity sales and Gregg Schonhorn as a senior v.p. and co-head of institutional credit sales.

Disclosing too much derivative trade information could expose counterparties, hurting their ability to trade and as a result reducing liquidity.

Vikesh Kotecha, ex-Asia head of derivatives trading at Nomura, is set to join Barclays Capital in a new role based in Hong Kong.

U.S. regulators have been urged to exclude end users from the definition of major swap participant.

Raphael Masgnaux, global head of financing trading at BNP Paribas, has moved from Paris to New York, according to an internal memo seen by Derivatives Week.

Citi has hired Magnus Ljungblad for its London office to trade Skandinavian bonds and interest rate swaps across currencies.

International regulators emphasized efforts made toward making sure financial regulations jibe across the world.