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Regulation

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  • Lawyers say the exemptions for settlement of derivatives trades under a proposed Chapter 11-like law in Hong Kong are too narrow and could put swap counterparties in Hong Kong at a competitive and cost disadvantage.
  • Investors should outsource their collateral management operations in the post-reform OTC market, even if they feel it is a core competency, according to panelists at Financial Technology Forum’s OTC Derivatives Operations and Processing Conference today.
  • The OTC Derivatives Regulators' Forum will publish standards setting out trade repository functionality, according to Chris Tsuboi, supervising examiner at the bank.
  • European politicians were at odds Tuesday evening over the ramifications of banning naked credit default swap trading, calling on regulators and the industry to provide more information on the topic before the Parliament moves forward with legislation aimed at short selling and CDS.
  • The China Banking Regulatory Commission may be loosening its planned restrictive approach to credit derivative trading.
  • National Association of Financial Market Institutional Investors has not mandated central clearing or banned naked credit derivatives in new Chinese credit derivative guidelines.