Derivs - Regulation

Sam Woods, deputy governor at the Bank of England and chief executive of the Prudential Regulatory Authority, this week said he expects an equivalence agreement between the European Union and the UK to be extended beyond September, as both sides want to avoid a “dramatic” fallout.

The International Swaps and Derivatives Association this week said it will make another attempt to finally find industry consensus on a solution to fallback issues in the Libor transition.

The Securities and Exchange Board of India (SEBI) has given the go-ahead for trading in rupee futures and options, allowing the development of offshore markets in the products.

Corporate debt advisers have joined the call for lenders to make clear their plans for the transition away from Libor, as frustration takes hold among some bank clients that a solution still seems far away.

The International Swaps and Derivatives Association's CEO has called for more clarity on close-out netting in China.

TriOptima has hit record compression levels with its FX forwards service, as the winds of regulatory change drove prime brokerage business its way.

South Korea’s Mirae Asset Daewoo has been ordered to pay $700,000 after a US Commodity Futures Trading Commission investigation found one of its traders had engaged in spoofing.

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.

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.