North America

April brought a continued positive shift in the difference between credit default swap spreads and cash spread equivalents, the CDS-bond basis, among US dollar denominated corporate bonds.

The International Swaps and Derivatives Association has launched a protocol to help market participants comply with regulations that enforce stays on contractual termination rights between counterparties in different countries.

Manulife US Real Estate Investment Trust kicked off its second try at a Singapore listing on Tuesday with the launch of a bigger, bolder trade, this time expecting to raise up to $470m.

UniCredit has appointed Filippo Pappalardo as head of Americas multinationals.

Moody’s said on Wednesday that Ardagh’s issuance of $4.5bn of bonds late on April 29 was credit positive for the B2/B rated Irish glass and metal packaging manufacturer.

In a hearing held last week, the US House Agriculture Committee’s Subcommittee on Commodity Exchanges, Energy, and Credit heard testimony about the effects of Dodd-Frank regulations on end-users of derivatives.

Warren Buffett, who once referred to derivatives as financial 'weapons of mass destruction', still claims to dislike their complicated structures, but sophisticated options trades and bank stakes belie this stance.

Money market fund reform regulation which comes into force in October this year will have serious consequences for banks’ funding. What are they doing about it?

The US state of Delaware is embarking on a blockchain and smart contract technology programme in the hope that this will lower transaction costs, speed up and automate manual processes, and reduce fraud.

The International Swaps and Derivatives Association is moving to distance itself from the process by which credit derivatives disputes are resolved, having offered up to tender its secretarial role on the regional determinations committees (DCs).

TriOptima, the over-the-counter post trade service provider, has teamed up with the Depository Trust & Clearing Corporation on reconciling data reported by Australian, Hong Kong and Singapore firms to the DTCC’s Global Trade Repository.

Manulife US Real Estate Investment Trust started taking orders for its $470m Singapore IPO on Tuesday and is hoping to woo investors following a failed attempt at a listing last year.