Derivs - Credit

US swaps participants are emerging from a month of analysing proposed reforms of swap execution facilities (SEFs), with old fault lines opening up between institutions over how they think the rules will change the market landscape.

US swap market participants are beginning to emerge from reading the 723 pages of proposed rule changes for swap execution facilities and the trade execution requirement published by the Commodity Futures Trading Commission (CFTC). Meanwhile, they received notice this week of the man likely to replace the architect of the proposals.

EU lawmakers are ready to grant a temporary authorisation for the City’s clearing houses (CCPs) and central securities depositories (CSDs), according to two drafts documents obtained by GlobalCapital.

Trade repository provider Regis-TR has announced its intention to establish fixed operations in the UK, in order to comply with regulatory requirements in the wake of Brexit.

Société Générale is working to offer its clients direct clearing capabilities in the eurozone by the end of the year, as it launches an offering in Paris for listed and OTC derivatives.

The Derivatives Service Bureau, which creates International Securities Identification Numbers (ISINs) for OTC derivatives, has increased its fees for next year.

Jefferies has appointed former Nomura and Citigroup trader Fred Jallot as head of fixed income Europe.

Regulators' attempts to incentivise market participants to clear derivatives centrally have broadly worked, according to global watchdogs, though there are lingering concerns.

When market makers start sending runs (lists of prices) based on nation states rather than sectors it may be a harbinger of fundamental change in how European credit is traded.

The number of indices that give exposure to environmental, social and governance (ESG) causes has grown by 60% in the last year, according to a survey conducted by trade body, the Index Industry Association (IIA).

The financial world is looking at proposed European taxes on the digital sector with growing alarm, as a lack of clarity in the planned levy threatens to capture financial services providers, writes Ross Lancaster.

MarkitSERV, the IHS Markit subsidiary, has created a new platform that will use a cloud to provide post-trade processing of OTC derivatives trades.