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London-based Babson Capital Europe, a fund manager running EUR2.7 billion (USD3.1 billion), is gearing up to manage its fifth leveraged loan collateralized loan obligation.

Increasing liquidity and correlation in credit index and equity volatility products has firms investigating how to arbitrage the two.

HVB Asia's Nick Hamilton, managing director and head of securitization and credit trading in Singapore, has been appointed ceo for Asia, following the retirement of Walter Fuchs, who was based in Hong Kong, according to officials close to the firm.

Doors are opening for the Korean derivatives market with a wider range of products expected to be permitted and anticipation for an increase in credit-default swap trading on the back of market de-regulation.

The Royal Bank of Scotland has structured a CMBS securitization with a synthetic component rarely seen in the U.K.

State and local governments in the U.S. have paid hundreds of millions of dollars this year in cancellation fees on bad investments in derivatives, raising concerns among taxpayers and regulators over the lack of transparency in such contracts.

TD Securities is closing its structured interest rates derivatives business in Europe as it has failed to become a viable standalone business.

Eric Langille, director and co-head of credit flow trading at Nomura Securities International in New York, has left the firm.

European structured credit staff will be hit with depleted bonuses after the P&L beating many books took in May's credit correlation upheaval.

--Man-Ho Yoon, general manager in financial engineering at Korea Development Bank, commenting on the removal of restrictions on the use of derivatives in Korea.

Alvaro Ballesteros, a high yield credit-default swap trader at WestLB in London, has left the firm and market officials have connected him with a similar role at BNP Paribas.