Derivs - Credit

Brian Bussey, director of the Division of Clearing and Risk (DCR) at the US Commodity Futures Trading Commission, is to step down from his position after 22 years of service.

The UK financial regulator has recognised Intercontinental Exchange’s data and analytics unit as a third-country benchmark administrator, more than two years ahead of schedule.

Taking a bespoke, advisory approach, at the same time as offering innovative solutions to its clients continues to prove a winning formula for Société Générale, all of which helped the bank mount a successful defence of its title of Americas Corporate Solutions House of the Year.

For its dedication to advocacy for the derivatives industry’s improvement, investment in meaningful technological change and its ability to adapt quickly to change, Citi is GlobalCapital’s Americas Derivatives House of the Year, as well as its Clearing House of the Year and Research and Strategy House of the Year.

For its success in executing large and sophisticated transactions, often while embedded within corporate treasury teams, and its commitment to market transparency, Chatham Financial is GlobalCapital’s Americas Risk Management Advisory Firm of the Year.

For its commitment to growing a complete derivatives offering, including newly bolstered enforcement capabilities, a leading structured products practice and dedication to helping clients understand cross-border dynamics, Mayer Brown is GlobalCapital’s overall Americas Law Firm of the Year.

For its commitment to finding innovative trading and capital efficiencies for its clients, a run of highly successful product launches and its leadership role in market transitions, CME Group is both GlobalCapital’s Americas Derivatives Clearing House of the Year and Americas Derivatives Exchange of the Year.

The Committee on Payments and Market Infrastructures (CPMI) and the International Organization of Securities Commissions (IOSCO) this week published their joint discussion paper on central counterparty default management auctions.

Christopher Giancarlo, chairman of the US Commodity Futures Trading Commission, made his final speech at a Futures Industry Association conference this week, with a last attempt to stake out his vision on cross-border clearing supervision.

The US Senate has approved the nomination of Dr. Heath Tarbert as chairman of the US Commodity Futures Trading Commission.

Credit default swaps on UK retailer New Look will pay out 100% of notional, after an auction on Wednesday attracted no buying interest at all, leaving a final price of zero, an event almost without precedent.

Collateral management technology provider CloudMargin has appointed Stuart Connolly, previously of NEX, as its CEO.