Post trade risk management firm TriOptima says it eliminated $84trn in OTC derivatives notional principal outstanding in 2012: $80.5trn in interest rate swap notionals and $3.5trn in credit default swap (CDS) notionals.
RBS and Lloyds, the two UK tax-payer backed banks, are among a dozen financial groups being investigated for manipulating the Libor rate, which resulted in a record £290m regulator fine for Barclays.
Tradition-ICAP will add six new currency pairs to its daily Volatility Fixing service.
Greece could yet trigger the collapse of the euro, says Exotix, a frontier market investment banking boutique, following an investment trip to the country.
Asset manager Principal Global Investors LLC is to take a 74% stake in UK-based Origin Asset Management LLP, a global equity specialist, for some $66m (£40.7m).