United States
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In a hearing held last week, the US House Agriculture Committee’s Subcommittee on Commodity Exchanges, Energy, and Credit heard testimony about the effects of Dodd-Frank regulations on end-users of derivatives. -
Warren Buffett, who once referred to derivatives as financial 'weapons of mass destruction', still claims to dislike their complicated structures, but sophisticated options trades and bank stakes belie this stance.
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Money market fund reform regulation which comes into force in October this year will have serious consequences for banks’ funding. What are they doing about it?
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The US state of Delaware is embarking on a blockchain and smart contract technology programme in the hope that this will lower transaction costs, speed up and automate manual processes, and reduce fraud.
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The International Swaps and Derivatives Association is moving to distance itself from the process by which credit derivatives disputes are resolved, having offered up to tender its secretarial role on the regional determinations committees (DCs).
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TriOptima, the over-the-counter post trade service provider, has teamed up with the Depository Trust & Clearing Corporation on reconciling data reported by Australian, Hong Kong and Singapore firms to the DTCC’s Global Trade Repository.
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Manulife US Real Estate Investment Trust started taking orders for its $470m Singapore IPO on Tuesday and is hoping to woo investors following a failed attempt at a listing last year.
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In this round-up, London overtakes Singapore as an RMB hub, foreign ownership of onshore RMB assets picks up, QDII products see further growth, and the US and China plan June economic meeting. Plus, a recap of our top stories this week.
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Dollar FIG volumes caught up with last year’s levels this week, after completing a dramatic turnaround with the help of a flurry of bank issuance in April.
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BP and Philip Morris ensured a strong end to the month for the US high grade bond market with benchmark trades as they caught a market crying out for supply following quarterly earnings blackout and the April meeting of the Federal Reserve.
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Markit and the International Swaps and Derivatives Association have offered concessions to the European Commission in the hope of settling an EU anti-trust investigation into credit default swap trading.
