Derivs - Credit

We noted at the end of last year that the coming 12 months would probably be low on political risk, at least in comparison to the election-packed 2017. The one highlight in Europe would be Italy’s general election, unless talks on a Brexit transition unravel spectacularly.

BNP Paribas has reshuffled the management of its global markets business, making Martin Egan a vice-chairman of the global markets client board and promoting syndicate boss Fred Zorzi to head of primary markets. Benjamin Jacquard, who was co-head of primary and credit markets with Egan, will be leaving the firm and is thought to be heading to the buy-side.

Rates and equity markets are now embroiled in a tussle that has upset the pervasive complacency of the beginning of 2018. This has naturally affected the credit markets, with primary credit indices experiencing considerable volatility. This may not be as newsworthy as the VIX, but it is notable nonetheless.

The International Swaps and Derivatives Association has hired Regnosys, a finreg company, to develop the conceptual design of the trade association’s common domain model into digital format.

EU Parliament rapporteur Danuta Hübner has written a draft report that emphasises the need to "mitigate the discretionary nature" of a draft plan that could force large non-European Union central counterparty clearing houses (CCPs) to relocate to inside the bloc.

MUFG is setting up shop in the US credit default swaps market with a desk dedicated to trading single name contracts.

A report published by the UK House of Lords on Saturday encouraged the government to “resist” new European Commission measures to relocate systemically important clearing houses in London to EU member states.

GlobalCapital is pleased to announce the nominees for this year’s Americas Derivatives Awards.

It’s that time of year again, when plutocrats and power brokers meet in Davos for the World Economic Forum.

European Union member states in the process of thrashing out legislation on central counterparty clearing house (CCP) resolution procedures have put their negotiations on ice, as the project is contingent on a separate file that is still unresolved.

Former Citi credit trader James Duffy will be joining HSBC in London to trade financials single name credit default swaps.

The Index Industry Association on Monday revealed that its members administered about 3.29m indices around the world, with more than 95% of those referencing equities.