Derivs - People and Markets

Vice-chair of the European Securities and Markets Authority (ESMA) Anneli Tuominen has said that the body could issue a warning on Initial Coin Offerings (ICOs), a method of capital raising using cryptocurrencies on a blockchain.

Jakob von Weizsäcker, the European Parliament's co-rapporteur for draft central counterparty (CCP) clearing house resolution regulation, said on Monday that he will table an amendment to create a new resolution fund for the entities, a move that could cost €500bn but is unlikely to happen.

The CEO of NEX Optimisation has handed in her resignation from the firm after just over two years in the job.

The Bank of England will take over the “end-to-end” administration of the Sterling Over Night Index Average (SONIA) benchmark and implement key reforms on April 23, 2018, the central bank confirmed on Monday.

European and US derivatives regulators have struck common ground in their approach to electronic trading and agreed equivalence in their oversight of the OTC market, a move that will reduce margin requirements for cross-border market participants.

Deutsche Bank has hired a big hitter from Goldman betting on the return of volatility to credit trading.

The chairman of the United States' primary derivatives regulator, Christopher Giancarlo, on Wednesday delivered a stinging rebuke of unilateral rulemaking by the European Union on foreign clearing house supervision, saying that as a “sovereign nation”, the “United States is a rule maker” and not a “ruletaker”.

The International Swaps and Derivatives Association (ISDA) on Wednesday published a protocol that limits the scope of legacy credit default swaps referencing Venezuelan debt to obligations not restricted by recent US sanctions on the country.

An association of global regulators on Tuesday revealed the results of a survey on the workings of the International Swaps and Derivatives Association (ISDA) determinations committees (DCs), in which market participants demanded more transparency and buy-side participation.

The European Securities and Markets Authority (ESMA) threw its weight behind Legal Entity Identifiers (LEIs) on Monday, urging investment firm clients and other market participants to get a code by January 3.

The International Swaps and Derivatives Association (ISDA) on Friday revealed that Intercontinental Exchange’s (ICE) benchmarking arm was “unable to reach agreement” with its credit determinations committee members over becoming their new secretary.

The Basel Committee on Banking Supervision (BCBS), which is working to improve the stability of financial markets after the 2008 crisis, on Friday announced it would soften its terms on banks' derivatives liabilities.