Derivs - Regulation

Markit launched a leveraged loans index yesterday, just in time to mark a 0.1% softening in the market.

Michael Fallon, an opposition member of the U.K. parliament and its Treasury Select Committee, made the case for regulatory and government action on banker bonuses.

Michel Barnier was voted in yesterday as the new European Commissioner for Internal Market & Services.

The Committee of European Securities Regulators has released plans to extend rules requiring the disclosure of major shareholdings to instruments that have a similar economic effect to owning shares or having entitlements to buy shares.

The Depository Trust & Clearing Corp.’s Trade Information Warehouse for over-the-counter credit derivatives is due to be operated by a new regulated entity called the Warehouse Trust Co.

The soon-to-be created European Supervisory Authority (Securities and Markets) will be responsible for regulating clearing houses under new plans revealed today.

A U.S. court has ruled that senior noteholders in a collateralized debt obligation which suffered an event of default are entitled to be paid both principal and interest before any junior investors are entitled to the interest they are owed.

Gregory Hands, a member of the U.K. parliament and shadow minister of Her Majesty’s Treasury, opposes mandatory exchange trading for over-the-counter derivatives.

A landmark court ruling favoring Citigroup and Woori Bank over Korean corporate Soosan Heavy Industries in a dispute over a knock-in knock-out fx trade has unsurprisingly been welcomed by banks

Illinois state representative Kevin Joyce (D-Chicago) has introduced a bill that would bar the state’s public pension funds from investing with asset managers that use over-the-counter derivatives or from buying OTC derivatives directly.

Roger Liddell, ceo of LCH.Clearnet, warned the House of Lords European Union Sub-Committee on Derivatives this morning that clearing houses may need access to central banks funds if they blow through member capital and guaranty pool money.

American International Group has hired industry veteran, Peter Hancock, the former head of derivatives at JPMorgan, to oversee finance, risk, audit, investments and strategic planning. He will also head up AIG Financial Products in Wilton, Conn.