Derivs - People and Markets

The State Administration of Foreign Exchange (Safe) will allow foreign investors to participate directly in the interbank FX derivatives market so they can hedge their foreign exchange risks from investing in onshore renminbi bonds, according to a Monday notice.

Lombard Odier Investment Managers has appointed Alex Maubourguet to take charge of its new absolute return strategy.

Murray Roos, former joint head of equities at Citi, has turned up at London Stock Exchange Group.

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.

As market participants sent in their final responses to the European Securities and Markets Authority's consultation on MiFID II’s commodity derivatives position limits, NGOs look set to fight against financial industry suggestions. An Oxfam official said he was “worried and disappointed” by the exercise.

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.

Singapore-based Orient Futures International has become the latest trading and clearing member of the Singapore Exchange (SGX) derivatives market.

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.