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  • As the state of Illinois faces one of the worst budget standoffs in its history, some lawmakers are proposing a tax on derivatives that one advocate called the "single-bullet solution”.
  • Foreign investors looking to put their money into China’s interbank bond market (CIBM) are welcoming the release of a more accommodative set of guidelines. The rules are an expansion of an announcement made three months ago and are widely seen as a prelude for the inclusion of China’s bond market into global indices.
  • Recent troubles at Lending Club have only compounded risk in the peer-to-peer credit market.
  • Sales teams could be stopped from giving market colour, or recommending bonds based on value if Europe’s Market Abuse Regulation hits the statute book as planned — and there’s only a month left to change it.
  • Communication between foreign exchange market participants remains essential, the Bank for International Settlements said on Thursday, as it published a global code of conduct aimed at restoring confidence that the market can be “robust, fair, open, liquid and appropriately transparent”, despite recent scandals.
  • JP Morgan and Société Générale both picked up awards at the GlobalCapital Bond Awards 2016 on Wednesday for providing derivative solutions to borrowers.