Derivs - Regulation

The Commodity Futures Trading Commission should lower proposed thresholds for landing delayed reporting of block trades of over-the-counter derivatives, say strategists at Barclays Capital in New York.

Asian and U.S. firms that don’t plan to market securitized transactions to European Union credit institutions theoretically could get hit with a new E.U. law concerning risk retention if anyone buying into part of the deal enters into over-the-counter derivatives with an E.U. institution.

A plan to increase risk weightings for banks’ exposures to central counterparties may cool down dealers who might have been keen to push clearing for clients.

Deutsche Bank will defer up to 90% of the amount of some 2010 bonuses over three years. The level would be applied to its more senior employees and those identified as senior risk takers, and set the firm apart from rivals, who are deferring less.

Werner Langen, European Member of Parliament, has removed reporting requirements for non-financial corporates and also delayed the implementation of clearing for them.

The European Securities and Markets Authority is expanding its derivatives, credit rating agency and asset management expertise, and has today begun hiring for its Markets and Intermediaries Division.

Werner Langen’s amendments to the European Commission's legislative proposal on how to achieve an efficient, safe and sound derivatives market in Europe, have just been released in German. Click through to view the paper in full.

Richard Ketchum, president and CEO of the Financial Industry Regulatory Authority, has asked the Securities and Exchange Commission to consider mandating that security-based swap data be consolidated before it is disseminated publicly.

Folake Shasanya, director of credit at the Association for Financial Markets in Europe for covered bonds and derivatives in London, has left the trade body to join the Royal Bank of Scotland.

The Securities and Exchange Commission and the Commission Futures Trading Commission should phase in the Dodd-Frank Act’s requirements on clearing, execution and reporting, according to Gerald Donini, head of equities and trading for the Americas at Barclays Capital.

Brokers are against further restrictions on trading facilities to which over-the-counter derivatives will be moved under the latest revisions to the E.U. Markets in Financial Instruments Directive.

The Depository Trust & Clearing Corporation has become the latest player to push back against how federal regulators are interpreting the Dodd-Frank Act regarding the role of chief compliance officers.