recent posts
Posted by Elan Mendel on May 8, 2013
On Tuesday, the House Financial Services Committee voted to approve bills to ease Dodd-Frank Act derivatives requirements.
Amidst criticism from Wall Street and overseas officials of the overreaching power of regulators, the Committee passed six bills that will limit...
Posted by Felix Shipkevich on Apr 30, 2013
Even though Asia has some of the world’s quickest growing economies, their over-the-counter derivative markets may struggle with the upcoming U.S. regulatory deadline.
The regulatory overhaul comes about in response to the 2008 market meltdown. One of the major...
Posted by Elan Mendel on Mar 11, 2013
The CFTC announced today that swap dealers, major swap participants, and private funds active in the swaps market, are required to begin clearing certain index credit default swaps (CDS) and interest rate swaps that they entered into on, or after March 11, 2013.
In a...
Posted by Felix Shipkevich on Feb 21, 2013
The Istanbul Stock Exchange is working with local gold and derivatives exchanges in April as part of a plan to make the Turkish capital a regional financial centre. Reuters reports that the merger is due to take effect in june, creating a combined entity called Bourse...
Posted by Elan Mendel on Feb 11, 2013
The FSA will allow the CME to clear interest rate swaps, the world’s largest asset class traded by notional value OTC, reports Financial Times.
Financial Services Authority
The clearance, given by the FSA, will create competition for LCH.Clearnet, a clearing...
Posted by Felix Shipkevich on Feb 8, 2013
According to Business Day, the South African authorities have made progress in developing and creating a system of regulation for over-the-counter (OTC) derivatives. In a report that promotes financial stability globally, obtained by Business Day, many of the details...
Posted by Elan Mendel on Feb 7, 2013
TAIFEX, a Taiwan futures exchange, has entered into a deal with Germany’s Eurex Exchange, offering Europe-based traders the ability to clear Taiwanese derivatives products. The partnership between Deutsche Börse-owned Eurex, one of the largest derivatives...