Derivs - People and Markets

Trade repositories could be fined and have licenses revoked by European regulators. A European Commission draft bill seen by Derivatives Week would give the European Securities and Markets Association the power to request the Commission impose a fine or revoke a repository’s license if it, for example, seriously or repeatedly infringes regulation or no longer meets the conditions under which it was registered.

Stephane Gaillard, head of commodities derivatives at Natixis in London, has left the firm and joined Nomura as a senior fx flow exotics trader in London.

Alessandra Stagliano, a senior corporate credit saleswoman at Citigroup, is set to join BNP Paribas in a similar role based in London.

UBS has hired Ranjit Sikka, a correlation trader at Deutsche Bank in London, as a managing director and global head of credit index tranche trading.

International Swaps and Derivatives Association officials have commissioned a Vietnamese-language version of the Master Agreement to facilitate the growing market.

The International Swaps and Derivatives Association has published a change to the master agreement to deal with the impending 30% U.S. withholding tax on equity derivatives.

Markit is rolling out a new MBX agency mortgage bond index that caters to investors looking for exposure to both interest-only swaps and principle-only cash flows.

Tradeweb is planning to launch an electronic equity trading platform for European equity options—a first for that market.

European regulatory authorities will be given powers to summon firms or financial services individuals to provide explanations and supporting documents setting out the purpose and the underlying risks to their credit default swap trading activities, according to a European Commission draft bill for naked short selling obtained by Derivatives Week.

Daniel Palmer, the ex-head of global capital markets at HSBC in London and formerly co-head of global capital markets for Asia Pacific at Morgan Stanley, has rejoined the latter firm today in a new role based in London.

Crédit Agricole CIB has named Frédéric Lainé as head of the firm’s financial institutions group for international client coverage in Asia ex-Japan.

UBS will close on its first two non-professional structured product deals in Taiwan in the next few weeks.