Derivs - Regulation
-
Tier two firms have seen an increase in clearing services for over-the-counter derivatives since phase two of the Dodd-Frank rollout started on June 10 as asset managers look to diversify their clearing portfolios out of tier one shops.
-
StoneHedge Partners, the London-based agency brokerage and advisory firm founded by Makram Fares, the ex-co-head of European equity sales and equity derivatives at Nomura, has received regulatory approval from the U.K. Financial Conduct Authority.
-
State Street has joined the ranks of applicants to the U.S. Commodity Futures Trading Commission to become a multi-asset swap execution facility under Dodd-Frank, less than a week before the final SEF rules become effective.
-
A new master agreement governing domestic over the counter derivatives transactions has been finalized in France.
-
Bank Indonesia plans to regularly hold fx swap auctions in a bid to ensure investors there have greater access to fx swaps as hedging tools as more investment capital enters the country.
-
The Singapore Exchange is planning to introduce a more accurate closing price measurement for illiquid exchange-traded funds in a bid to boost liquidity and help investors value their portfolios.
-
GFI Group has applied to the U.S. Commodity Futures Trading Commission to become a multi-asset swap execution facility under Dodd-Frank.
-
The International Swaps and Derivatives Association has published a protocol that allows counterparties in a swap to simultaneously amend the terms of an existing ISDA Master agreement to comply with new regulation imposed by European Markets Infrastructure Regulation.
-
The European Securities and Markets Authority is clarifying when third parties will be required to comply with the European Markets Infrastructure Regulation in a consultation paper on regulatory technical standards for OTC derivatives, central counterparties and trade repositories.
-
We may now be entering the summer lull, with the U.K. roasting in a rare heatwave and much of continental Europe preparing for holidays.
-
Foreign institutions are concerned they will have to enter a foreign financial institution agreement with the U.S., or otherwise suffer a withholding tax on their derivatives transactions, if intergovernmental agreements are not concluded before the implementation date of the Foreign Account Tax Compliance Act.
-
The Australian Council of Financial Regulators is recommending the government enforce mandatory clearing for over-the-counter U.S. dollar, Japanese yen, euro and sterling-denominated interest rate swaps, a reversal from its past stance of a market driven solution to its G20 derivative reform commitments.