Derivs - Credit

The US Commodity Futures Trading Commission has appointed Summer K. Mersinger as director of the office of legislative and intergovernmental affairs and Suyash G. Paliwal as director of the office of international affairs.

Futures Industry Association data shows that average trading volume on swap execution facilities (SEFs) for July hit its seventh highest level since the trading association's records began.

IHS Markit analysis shows that notional iBoxx Total Return Swap contract volumes reached a record peak of $23.9bn in June.

BNP Paribas hires UK advisory head — Créd Ag’s credit unit chief moves to markets role — AIIB hires ICBC loan syndicator.

UBS and Citi trader Tom Hayes was jailed for 11 years for manipulating Libor. But while the trader argued that he was made a scapegoat for the financial crisis, perhaps the rate he rigged is a bigger victim.

Invesco has made two hires, Ali Zouiten and Derek Steeden, to bolster its derivatives-based solutions.

Clearing house chief Martin Pluves will join the FICC Markets Standard Board (FMSB) later this year, as the voluntary rule-setter seeks to investigate issues like artificial intelligence in trading.

Futures brokerage R.J. O’Brien has appointed Simon Prangnell to head up its new affiliate company in France.

Heath Tarbert this week took over the reins as chairman of the US Commodity Futures Trading Commission, becoming the 14th chairman of the CFTC as he succeeded Christopher Giancarlo.

Andrew Bailey, CEO of the UK’s Financial Conduct Authority, said on Monday that progress was needed in the next “year or so” in moving the loan market away from Libor. He added that the consent solicitation undertaken by Associated British Ports to switch an FRN to Sonia was a model for other borrowers.

The European Securities and Markets Authority (ESMA) has fined trade repository Regis–TR €56,000 for failing to provide direct and immediate access to details of derivative contracts to regulators.

Morgan Stanley has become the latest firm to establish itself as a clearing broker at CDSClear, the Paris-based clearing house of LCH.