News content
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GlobalCapital understands that the Asian Infrastructure Investment Bank has appointed a head of funding.
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The Depository Trust & Clearing Corporation (DTCC) has named four new members to its board of directors.
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The European Stability and Risk Board (ESRB) has backed calls to introduce a mechanism that will allow regional authorities to rapidly suspend clearing obligations, highlighting that the measure should only be used in “crisis periods."
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French election anxieties dropped out of derivative markets with astonishing speed this week, as centrist pro-EU candidate Emmanuel Macron’s first round election showing set him on course for the French presidency.
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Many of the illiquid products on CME Europe will stop trading at the end of this week following CME Group’s decision to close the derivatives exchange.
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Counterparties are being offered significantly worse credit terms for euro OTC derivative contracts, according to a survey of 28 banks by the Eurosystem of central banks.
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The US Commodity Futures Trading Commission has extended no-action relief for US-based swap dealers not yet compliant with its final margin rule when they are conducting European business.
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Credit terms for counterparties using euro-denominated OTC derivatives have worsened since December, according to a panel of 28 banks, marking their biggest reported tightening since the consultation started in 2013.
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Theresa May, the UK prime minister, on Tuesday announced her intention to seek an early general election for June 8, but the move that will allow her to solidify her Brexit mandate has had no major impact on market volatility.
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A leading London derivatives lawyer last week told an audience of experts that he was confident in the future of credit derivatives, lauding the increasing “objectivity” of the International Swaps and Derivatives Association (ISDA) definitions and the more transparent nature of the market.
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The Bank of England has been dragged back into the mire of Libor-rigging investigations, after the BBC found tapes of Barclays traders referring to "pressure from the UK government and Bank of England" to keep their submissions low. The witch-hunt is already well under way but, if the Bank exerted pressure, it was the right thing to do.
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The European Energy Exchange (EEX) is to launch financially settled power futures for Germany ahead of any possible split of the present German-Austrian power price zone.