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Friday, 17 August 2018

Helen Bartholomew' s stories

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  • ECB takes steps to extend CCP oversight powers

    Ticker | 23 June 2017

    The European Central Bank has called for greater legal powers over central counterparty clearinghouses operating from third-country regimes, echoing support for European Commission proposals that could require the most systemically important CCPs to relocate in the EU.

  • BoE

    Swaps grab means rising costs for issuers

    Top News | 23 June 2017

    Europe’s bond issuers could face billions of euros in additional hedging costs if the European Union pushes ahead with a location policy for euro swaps clearing.

  • ESMA aligns swaps trading rules with US

    People & Markets | 23 June 2017

    Europe’s chief derivatives regulator has more closely aligned planned swaps trading rules with US requirements, but industry participants are calling for full cross-border equivalence agreements ahead of the January 2018 go-live date to avoid further fragmentation of the global swaps market.

  • DERIVATIVES-Bond issuers face rising costs on euro swaps grab

    Ticker | 20 June 2017

    Europe’s bond issuers face billions of euros in additional costs when hedging their debt issues if the EU pushes ahead with a location policy for euro swaps clearing.

  • MOVES-SG completes execution services integration

    Ticker | 20 June 2017

    Societe Generale Corporate & Investment Banking has completed the final integration of its execution teams after shifting the high-touch cash equity team into the new global execution services operation, part of SG prime services.

  • Banco Popular

    Banco Popular tests revised CDS terms

    Top News | 16 June 2017

    Credit default swaps referencing Banco Popular subordinated debt are set to trigger following the bank’s resolution, helping to restore confidence in an updated set of CDS definitions that were intended to improve protection in the event of government-led restructurings.

  • Chris Giancarlo

    Euro-clearing proposal threatens swaps liquidity

    Top News | 16 June 2017

    The US$483trn global over-the-counter derivatives market could be set to splinter along regional lines, sapping liquidity and raising costs for end-users if Europe follows through on new proposals that could force euro-denominated swaps clearing to locate within the bloc.

  • Prato swaps ruling delivers blow to Italian authorities

    People & Markets | 16 June 2017

    Italian local authorities that relied on local laws to invalidate legacy swaps obligations were delivered a blow last week as London’s Court of Appeal ruled that interest rate swaps entered into between Dexia Crediop and Comune di Prato between 2002 and 2006 were valid and binding.

  • Industry faces pressure on EMIR reporting update

    People & Markets | 16 June 2017

    Revised European rules for over-the-counter derivatives reporting, set to become effective on November 1, could hamper readiness for sweeping MiFID II requirements that come into play just two months later, market participants have warned.

  • DERIVATIVES-Appeal court rules for Dexia in swaps dispute

    Ticker | 15 June 2017

    London’s Court of Appeal has ruled that interest rate swaps entered into between Dexia Crediop and Italian local authority Comune di Prato between 2002 and 2006 were valid and binding, enabling Dexia to recover missed payments associated with the trade.