Derivs - People and Markets

The US Commodity Futures Trading Commission has fined Goldman Sachs $1m over failures related to record keeping for swap dealers.

The US Securities and Exchange Commission on Monday announced that it will overhaul regulation governing derivatives used by investment firms and business development companies.

Angus Wink, who worked as CEO for the EMEA region at Tullett Prebon until 2016 has returned to interdealer broking at a former rival, Tradition.

The US Commodity Futures Trading Commission has ordered BGC Financial to pay a $3m civil monetary penalty over alleged supervision, reporting and record-keeping failings.

US regulators are taking slow steps towards accepting that climate change is a financial risk, but progress is being made. Appointments have been made to a CFTC committee created to better understand climate-related market risks and one of the members is Mindy Lubber, chief executive of sustainability organisation Ceres. She told GlobalCapital her organisation is working to prepare for a new, green-minded president.

US Commodity Futures Trading Commission chairman Heath Tarbert has maintained the crypto friendly stance of his predecessor in a TV interview in which he talked up the importance of the US leading on digital asset technology.

The Financial Stability Board (FSB) has called on the International Swaps and Derivatives Association (ISDA) to include a pre-cessation trigger as standard language in definitions of new derivatives, warning of potentially disruptive market fragmentation as some interbank offered rates (Ibors) near a drop-off in relevance.

Eurex Clearing has cleared its first swaps trades referencing European regulators’ choice of replacement short-term reference rate, €STR.

TP ICAP has appointed Joanna Nader, a former senior banker, as its group head of strategy.

Chatham Financial, the derivatives and debt management advisory firm, has acquired one of its main rivals, JCRA, in a move that is set to create a dominant global player in the market.

A 14-strong group of trade associations have co-authored a letter asking the European Commission to grant UK central counterparties (CCPs) urgent extensions to their temporary equivalence determinations.

Deutsche Börse-owned financial intelligence provider Qontigo has appointed Stephan Flägel as global head of its indices and benchmarks.