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The Inland Revenue, the U.K. tax authority, is cracking down on institutions using derivatives to reduce the amount of tax they pay on their revenues.

Tradeable Credit Fixings are a widely supported reference and settlement rate for the credit derivatives market, akin to the British Bankers Association LIBOR fixing in the interest rate swap market.

--Elan Mansur, an official in the banking and treasury division at Investec, commenting on investors being more concerned about the tax treatment of what they are investing in rather than the underlying risks.

Talk by Raghuram Rajan, economic counselor and director of research, International Monetary Fund

Jerry Gluck, senior v.p. in the credit derivatives group at Moody's Investors Service, is retiring after 13-years.

Bond issuers and investors around the world began this week to count the cost of the storm of spread widening over the last fortnight, and the question of the hour was whether the market has now passed its long awaited peak.

Greg Mount, partner and head of structured credit marketing at Goldman Sachs, has resigned from the firm.

Can market forces defuse a buildup in current account deficit and net external debt before a crisis more abruptly does so?

Jeff Aronson, the portfolio manager responsible for all of Angelo, Gordon & Co.'s distressed securities and leveraged loan efforts, has left the firm.

BNP Paribas has gained a swaps trader. Filippo Ghia will trade U.S. and Canadian dollar-denominated interest-rate rate swaps.

In recent years, debtors in bankruptcy have been able to obtain broad orders from the courts that restrict trading in their debt securities and other unsecured claims during the course of their bankruptcy proceedings.

Silver Point Capital, a diversified U.S. credit hedge fund founded by ex-Goldman Sachs debt traders Robert O'Shea and Edward Mulé in 2002, is in the process of setting up an office in London.