Derivs - Credit

A pair of gatecrashers have burst into Temenos’ £1.4bn bid for UK trading technology firm Fidessa, with one party offering a 5% premium to the existing deal from the Swiss banking software company.

The index roll on March 20 is a date that will be remembered in the CDS world for the introduction of the new senior non-preferred tier (SNRLAC), writes IHS Markit's Gavan Nolan.

The Financial Services Committee of the US House of Representatives on Wednesday waved through a bill that could allow banks to remove initial margin for centrally cleared derivatives from their leverage exposure, and thus hold less capital.

The European Securities and Markets Authority on Wednesday clarified an important section of transparency regulation MiFIR that makes counterparties trade certain derivatives on specified trading venues.

Société Générale said on Monday it had entered "a more active phase" of settlement discussions with US authorities over the Libor scandal and payments made to the Libyan Investment Authority (LIA).

The governor of the Bank of England, Mark Carney, has warned his international colleagues that while “crypto-assets do not pose risks to financial stability” now, this could change should the asset class become more “interconnected” with the regulated financial system.

Analysts expect the iTraxx Europe indices will widen when IHS Markit issues series 29 this week, as the indices will for the first time reference French non-preferred senior bonds in place of ordinary senior unsecured obligations.

Barclays has hired a senior credit trader from Citi as another high profile addition to its US credit business.

The year 2018 marks the 10th anniversary of the collapse of Bear Stearns and Lehman Brothers, and still the task of tackling “Too Big To Fail” is far from complete.

The year 2018 marks the 10th anniversary of the collapse of Bear Stearns and Lehman Brothers and still the task of tackling banks' 'too big to fail' problem is far from complete.

Frustration boiled over at the Futures Industry Association's (FIA) annual Boca Raton meeting on Wednesday, with Commissioner Brian Quintenz of the US Commodity Futures Trading Commission (CFTC) threatening European regulators with obstruction.

The Futures Industry Association began its annual conference in Boca Raton, Florida, on Tuesday, with delegates assembling to discuss the challenges and opportunities facing derivatives markets 10 years after the great financial crisis.