Derivs - Credit

Public tension has diminished between European and US regulators over the former’s determination to increase its supervisory powers over clearing houses, but concerns are still simmering, as this week’s testimony from the US Commodity Futures Trading Commission (CFTC) chairman showed.

The Commodity Futures Trading Commission (CFTC) is proposing amendments to the rules governing swaps clearing as it seeks to streamline processes and respond to recent events such as September’s Nasdaq Clearing default.

Banca IMI, the investment bank of Italian financial services group Intesa Sanpaolo, has become the latest European firm to offer client clearing through CDSClear, the Paris-based LCH clearing house.

Argentina and Turkey are firmly established as volatile names in emerging market credit. Both sovereigns have political and economic issues that place them in the highly vulnerable bracket.

Uncertainty around how MiFID II’s trading obligation will function after Brexit is leading UK and European derivatives trading houses to consider executing trades in other jurisdictions.

Gaab retires from Deutsche — Bank of America nabs FIG banker from Morgan Stanley — Credit Suisse bumps up IG trading team

Credit Suisse has made a number of hires from other banks in investment grade trading for its London office, according to an internal memo seen by GlobalCapital.

A senior European Commission official has defended the EU's record on regulation since the financial crisis, amid complaints that global derivatives markets have become fragmented.

Société Générale is looking at cutting around 1,600 jobs across the group, while also closing its over-the-counter (OTC) commodities business and proprietary trading firm.

Deutsche Bank has become the first German bank to offer client clearing through CDSClear, the Paris-based clearing house of LCH.

Data modelling firm Simudyne, which uses an innovative approach to simulating market scenarios, has said its technology will help banks execute trades, as different asset classes grapple with algorithmic trading and risk predictions. The company has closed a new round of fundraising led by Barclays.

ResonanceX, the company responsible for issuing the first structured note using blockchain, has teamed up with OTCX to add new features to its deal management platform.