Derivs - Interest Rate

While voters who wanted to get Brexit done won a clear path to leave the European Union in December’s general election, the financial industry should be preparing itself for a protracted period of scattered and gruelling negotiations.

The European Securities and Markets Authority has published the outcome of its analysis and follow up actions on central clearing counterparties' membership criteria and due diligence in the wake of the 2018 default at Nasdaq Clearing.

GlobalCapital is delighted to announce the nominees for this year’s Americas Derivatives awards.

LCH shrugged off worries about its place in euro clearing after Brexit to notch up record clearing volumes across its clearing houses in 2019.

The European Securities and Markets Authority has published its final report and guidelines on reporting under the Securities Financing Transactions Regulation.

KommuneKredit has recruited a senior treasury manager to focus on the Danish agency’s funding and derivatives business.

The International Swaps and Derivatives Association has appointed Su Yen Chia as its new head of Asia Pacific public policy.

Brian Oliver, head of EMEA and APAC FICC distribution at Citadel Securities, has left the market making firm and begun gardening leave.

The US commodities members of the Futures Industry Association have called on the US Commodity Futures Trading Commission to overhaul regulation to address operational challenges on swaps margin management.

Banks have been warned that their tardiness in switching away from the Libor benchmark could leave them open to compensation claims, similar to those that followed the UK's £50bn scandal of banks mis-selling payment protection insurance. However, bankers involved in the process say they are working hard to complete the transition.

Five trade bodies have drawn up a single template for Securities Financing Transactions Regulation and European Market Infrastructure Regulation.

Andrew Bailey is seen as a ‘safe pair of hands’ as the new governor of the Bank of England. But while he is a veteran of the bank, his views on monetary policy are not well known, as he has never served on the Monetary Policy Committee. In that respect, though a career central banker, he resembles Christine Lagarde, who has taken the helm at the European Central Bank.