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  • The U.K. House of Lords E.U. Subcommittee on Economic and Financial Affairs is against a ban on naked short selling and credit default swaps on sovereign bonds.
  • The Commodity Futures Trading Commission should not bar general counsel from serving as chief compliance officers of swap execution facilities, the Wholesale Markets Brokers’ Association Americas has urged.
  • The Securities Industry and Financial Markets Association has attacked a plan to standardize mortgage servicing and foreclosure techniques, saying implementation costs could be passed along to investors in mortgage securitizations.
  • The number of firms licensed to trade credit risk mitigation instruments in China has grown from 17 to 38 since the pilot program kicked off in November.
  • The Malaysian Securities Commission and the Oxford Centre for Islamic Studies have floated the idea of a public good standard for Shariah-compliant financial products, including derivatives and structured products.
  • The Korea Exchange will most likely house the coming Korean over-the-counter derivative central clearinghouse rather than the Korea Securities Depository, according to an official familiar with the decision.