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Collateralized debt obligation professionals are asking for greater transparency to help investors identify other participants in deals to make replacing CDO managers easier.

Earlier this month the China Banking Regulatory Commission (CBRC) announced the promulgation of the much anticipated "Interim rules on Derivative Business of Financial Institutions," the first major regulations governing derivatives business in China.

Citigroup Global Markets looks to be re-creating a proprietary trading operation mirroring the legendary arbitrage unit disbanded by Salomon Brothers in the late 1990s, as part of a move to pump up profits.

International derivatives houses, including UBS, Citigroup and Bank of America, have applauded the Chinese regulator for opening and clarifying its derivatives market and expect the move to herald a huge surge in volumes.

London-based EDF Energy is considering entering an inflation-linked interest-rate swap to peg the firm's interest rate liabilities on a pending GBP350 million (USD668 million) fixed-rate bond offering to movements in the U.K.'s retail price index (RPI).

Creditex has launched an electronic brokering platform for credit-default swaps referenced to indices, such as iBoxx and TRAC-X.

One-month implied volatility on the euro/dollar stayed range bound last week even as the euro inched closer to breaking through its next ceiling.

Moody's Investors Service sparked a trading frenzy last week when it downgraded Metso Corp. to Ba1 from Baa3.

Equity derivatives professionals were relieved last week when the Indian regulator said hedge funds will not be included in its equity rule change.

Goldman Sachs has hired Nick Pappas, a credit derivatives trader at Bear Stearns in New York, for a similar position.

The International Swaps and Derivatives Association is working on master equity derivatives confirmations and novation definitions.