Derivs - Credit

IHS Markit issued series 28 of the iTraxx Europe indices on Wednesday, including UK and Swiss banks at the holding company level for the first time.

BNP Paribas has become the seventeenth clearing member of OTC Clearing Hong Kong, the clearing subsidiary of Hong Kong Exchanges (HKEX).

CME Group will close its credit default swap clearing business by the middle of 2018 as it focuses its clearing operation on interest rate swaps and foreign exchange products.

Two very different credit issuers have been drawn together in the CDS market as the prospect of changed reference entities tightens their spreads, writes Gavan Nolan.

Mitsubishi UFJ Financial Group (MUFG) has set up a subsidiary in Amsterdam, giving it an option for its securities business once the UK leaves the EU.

The Depository Trust and Clearing Corporation (DTCC) plans to launch a pilot of service to reduce derivative traders' market risk capital requirements.

The Electronic Debt Market Association (EDMA) has penned an open letter to European Securities and Markets Authority chairman Steven Maijoor raising concern that left as they are, MiFID II regulatory technical standards will push trading out of the European Union.

European Union member states are pushing back against the European Commission’s June 13 proposal on supervising clearing houses (CCPs), which could forcefully relocate systemically important institutions to within the EU, with questions of sovereignty and liquidity fragmentation arising.

Reinsurers have historically been resilient through hurricanes such as those hitting the Caribbean and US this week, but that hasn't stopped CDS widening in the sector's big names, writes IHS Markit's Gavan Nolan.

Lewis Kaden, a former vice chairman at Citi, has taken a position on the advisory board of Baton Systems, the fintech payments processing company.

Intercontinental Exchange (ICE) on Wednesday announced a spate of changes to its senior management, all due to be enacted in October, including the replacement of veteran president of ICE Futures Europe David Peniket with Stuart Williams.

Derivative volumes for August rose above those for August 2016 as North Korea's aggressive rocket and nuclear warhead actions increased geopolitical concerns and market volatility.