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  • Barclays Capital has launched two new electronic services for over-the-counter fixed income derivatives—an interest rate swap portfolio compression tool and a closing price order tool.
  • Industry groups in London are against the client categorization rules changes for over-the-counter derivatives proposed under the Markets in Financial Instruments Directive.
  • A draft bill circulated by the New York Assembly insurance committee that would have banned naked credit default swaps (DW, 3/22) will have to be scrapped since the U.S. Dodd-Frank Act expressly prohibits states from regulating swaps as insurance.
  • The National Association of Financial Market Institutional Investors is likely to overhaul its China Inter-bank Market Financial Derivative Transactions Master Agreement.
  • As the Securities and Exchange Commission proceeds with its review of fund’s usage of derivatives, it has urged funds to take a fresh look at derivatives-related disclosures.
  • Corporates could be impacted by rules being considered in Europe that would restrict short selling across all financial instruments, according to Rolls-Royce.