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  • Credit risk mitigation certificates will likely start trading in China before month-end, a National Association of Financial Market Institutional Investors official told Derivatives Week.
  • Daiwa Capital Markets is in the process of applying for a license to trade over-the-counter derivatives in Korea. Its the latest move in expanding throughout Asia ex-Japan, said Dominique Blanchard, global head of derivatives in Hong Kong.
  • The Commodity Futures Trading Commission needs more resources, fiscal and human, in order to complete the rulemaking process efficiently and in time for the July 15, 2011 deadline, according to Commissioner Michael Dunn.
  • Interference by politicians over how central counterparties calculate their margin requirements and operate risk management systems could lead to such institutions being built up as ‘too big to fail,’ according to Sharon Bowles, chair of the European Parliament’s Economic and Monetary Affairs Committee.
  • The International Swaps and Derivatives Association has hired Edwin Budding and Adam Jacobs in new roles within the trade body’s policy division based in London.
  • A new unit inside the Securities and Exchange Commission will be steering the Office of Compliance Inspections and Examinations’ efforts to identify and home in on the riskiest firms, practices, products and services.