Derivs - People and Markets

The derivatives industry must educate the rest of the market on the importance of privately-negotiated contracts in the light of heightened regulatory scrutiny, according to Jonathan Moulds, chair of the International Swaps and Derivatives Association during a speech today.

Regulation of over-the-counter trades looks set to tighten, bringing with it a new focus on operations.

Derivatives are now too interconnected in the global economy to fail--and more transparency in the market is needed, warned Credit Suisse’s investment bank chief executive Paul Calello today.

Collateralized debt obligations will return in simpler, more transparent forms, bankers said during opening discussions at the International Swaps and Derivatives Association’s annual general meeting today.

Cohen & Co. has hired a senior debt trader from the Royal Bank of Canada to work in its principal trading group in New York.

Two of JPMorgan’s London-based proprietary equity traders have left.

A structured equity salesman has left Merrill Lynch's London office.

UBS and Morgan Stanley’s former heads of structured funds are setting up an investment advisory, KDK Asset Management, to focus on structured funds in Europe.

Speaking at the China Derivatives Summit this week, Shen Bingxi, deputy director general of People’s Bank of China, suggested that rating agencies should be regulated if structures such as collateralized debt obligations are ever to reach China.

Lehman Brothers has been on a derivatives specialist hiring spree in Australia, setting up a trading, rates and commodities outfit and expanding its credit team.

A senior Deutsche Bank staffer has left the Hong Kong office and is tipped to relocate to the firm’s London office.

Barclays Capital has fired eight staffers from its Asian credit operation, following hot on the heels of credit departures in London.