Derivs - Credit

By attracting private investors to provide risk capital to microfinance firms in the developing world, Global Parametrics is hoping to bolster insurance provision against natural disasters to families and businesses in poor countries.

Chairman of the US Commodity Futures Trading Commission (CFTC), Christopher Giancarlo unveiled a highly anticipated whitepaper that laid out his assessment of US swaps market reform since the Dodd-Frank Act came into being on Thursday.

The US Commodity Futures Trading Commission has added its voice to an industry effort to remove loopholes in the credit derivatives market that allow participants to create credit events.

ESMA chair Steven Maijoor spoke out against proposed clearing house legislation that would create a new body within the regulator, as part of remarks to the Goethe University’s institute for law and finance in Frankfurt on Monday.

Prominent German member of the European Parliament, Markus Ferber, has put down suggestions that European regulators should be granted powers to temporarily exempt market participants from regulations.

Fundamental factors rightly garner the most attention when investors try to ascertain why markets move. Even if one regards markets as perfectly efficient and favour index tracking, it would be foolhardy to completely ignore real world influences when managing money.

Allen & Overy, IHS Markit and Smart Communications subsidiary SmartDX on Thursday announced that they had launched a platform to speed up the repapering of derivatives contracts, in anticipation of new regulatory requirements.

China’s cautious approach to credit default swaps (CDS) has left the market a minnow compared with other large financial systems. Paolo Danese investigates.

Risky assets are often beholden to perceptions of geopolitical risk, though in recent times that has been a minor factor in price movements. Perhaps this dynamic is about to change.

The International Swaps and Derivatives Association (ISDA) responded scathingly to attempts by market participants to “narrowly” trigger credit events that result in favourable pay-outs to buyers of credit default swaps. Costas Mourselas reports.

Four major capital markets and banking industry bodies have urged European legislators to change existing rules to allow for more efficient risk reduction in the derivatives markets.

Private equity-owned ION Investment Group has been named as the high bidder of the two that have made last minute bids to beat Temenos in the race for UK trading technology company Fidessa.