United States
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US regulators are determined to press ahead with plans to impose margin rules on uncleared swaps from September despite the disadvantage this would cause US dealers, said lawyers, after the European Commission postponed its effective date until mid-2017. -
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Credit Suisse took advantage of highly favourable funding conditions to take out $2bn as it took a further step towards meeting its total loss-absorbing capacity (TLAC) requirements.
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Cash continued to pour into the US high grade corporate bond market this week after Janet Yellen appeared to rule out a rate hike in June.
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A resurrection of what should have been last year’s biggest deals from Veritas and a euro deal from Altice point to a leveraged loan market that has returned to good health, writes Max Bower.
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Tumbling volatility over the past months has caused US and European corporate credit risk prices to converge, despite credit investors bracing themselves for diverging monetary policies.
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JP Morgan raised €2.5bn of two year senior floating rate notes on Tuesday, using favourable market conditions to generate a negative new issue premium.
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ANZ became the first Australia-based bank to launch a foreign currency additional tier one (AT1) this week, attracting a blowout book for the $1.5bn trade.
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The International Swaps and Derivatives Association has appointed a permanent replacement for David Geen, its former general counsel who left earlier this year, while also naming central counterparty senior executives to its board.
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Berenberg has appointed James J. Ramp to take up a new brand new post for the firm as head of US equity capital markets.
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truePTS has appointed a former IntercontinentalExchange official as its first chief executive officer since becoming an independent post-trade derivatives business.
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The news that the US is to receive a Rmb250bn investment quota has been greeted as a welcome, if long overdue, development. Plans are also underway to set up a renminbi clearing system in the US, but the challenge will be convincing the country’s corporates to use the currency.
