Seven member-jurisdictions of the Basel Committee on Banking Supervision have yet to publish rules on margin requirements for uncleared derivatives, more than seven months after the deadline.
NEX Group has received CFTC approval for a new swap execution facility, NEX SEF, which will offer trading in non-deliverable FX forwards from late May.
The Depository Trust & Clearing Corporation aims to extend its repo clearing service to institutional clients by mid-year as part of an attempt to ease the mechanism by which collateral is moved around the system.
Four fund managers launched Hong Kong’s first batch of leveraged and inverse exchange-traded funds tracking local indices last week, as asset managers seek to capitalise on investor interest in these products.
Credit derivatives could be set to reverse a decade of contraction, despite a slow start to the year that has seen traded credit default swap notionals fall by almost a quarter.
Portugal’s highly contentious proposal to sell Novo Banco, the nationalised part of Banco Espirito Santo, to private equity investor Lone Star looks likely to reignite controversy over whether such actions will trigger Novo Banco CDS.