Japan’s financial watchdog and central bank have implored the Commodity Futures Trading Commission to hold off for at least a year on applying cross-border OTC derivatives regulations for fears of international overlap and conflict.
Rule Financial, an investment banking consultancy, has appointed former UBS executive Marina Potok as an advisor for OTC, structured and securitised products.
IntercontinentalExchange, a US-based operator of futures bourses, has teamed with Brazilian central securities depository Cetip to launch a hybrid fixed income trading platform.
Japan-based investment bank Nomura has named Gary Cottle as its new head of fixed income for Europe, Middle East and Africa.
J.P. Morgan has bolstered its collateral management offering by giving clients the option to deposit excess collateral in a separate entity.
The Royal Bank of Scotland has recruited industry veteran Jeremy Smart as global head of electronic distribution, as the UK state-owned bank prepares for growing automation of fixed income trading.
Clearing houses have blamed regulatory delays for the lack of progress on the development of solutions to ensure the protection of buy-side assets under new European OTC derivatives legislation.
Trading advisory, analytics and technology provider Sapient Global Markets has developed a new standard for cleared OTC derivatives reporting for asset managers, futures commission merchants and custodians.
A new protocol from the International Swaps and Derivatives Association will allow market participants to bring agreements that underpin over-the-counter derivatives contracts in line with the US Dodd-Frank Act.
Over US$2 trillion of margin will be needed to cover OTC derivatives positions by the end of next year, requiring firms to take a holistic view of their collateral needs, according to new research.