Derivs - Regulation

Chicago Mercantile Exchange (CME) Group on Wednesday said that it would launch two new interest rate futures referencing the sterling overnight index average (Sonia) on October 1.

The Derivatives Service Bureau (DSB) suggested ways to alleviate concerns from stakeholders over pricing and governance on Tuesday when it published the key findings from an industry consultation conducted in July.

Major cryptocurrency exchanges Bittrex, Gemini, Bitstamp and bitFlyer have launched a working group to establish a self-regulatory organisation (SRO), potentially having large implications for the cryptocurrency spot and derivatives markets.

Dealers are exercising bargaining power and protecting against increased regulatory costs by charging more for non-cleared interest rate swaps, according to a new report by the Bank of England (BoE).

The Futures Industry Association (FIA) has called for greater transparency in efforts by US regulators to determine the method for calculating the notional threshold at which dealers have to be registered as swap dealers.

Financial resources dedicated to protecting central counterparties from defaults are becoming increasingly concentrated at two CCPs, according to a report by global watchdogs released on Thursday.

A research note by the Financial Conduct Authority (FCA) has concluded that the phase-in of initial margin requirements for non-cleared derivatives trades will largely fail to make the process “gradual” and easier to stomach for UK counterparties.

Deutsche Bank's decision to clear around half of its euro swaps business in Europe might have caused a stir in the Square Mile this week but a closer look at the overall clearing numbers show that London continues to dominate the global swap clearing markets, writes Ross Lancaster.

As lawmakers and regulators grapple with the increasing systemic importance of clearing houses (CCPs), Singapore Exchange on Thursday proposed new rules for its derivatives clearing house and central depository to better manage a member default.

The US House of Representatives on Tuesday unanimously approved a bill that aims to increase the risk sensitivity of the capital treatment of certain cleared options.

Nomura has unveiled a big redundancy round in its EMEA global markets operation, with more than 50 front office staff at risk. The move comes as volumes in European fixed income disappoint once again, setting banks up for a rough set of second quarter numbers.

French markets regulator, Autorité des marchés financiers, has expressed concerns over the supervision of UK clearing houses after Brexit, suggesting that UK home country supervisors may not focus on the stability of the European Union.