The proposed European Financial Transaction Tax (FTT) will make central clearing of over-the-counter derivatives prohibitively expensive, according to TJ Lim, global head of markets for Italy's UniCredit.
Tullett Prebon's chief executive Terry Smith wrote a letter to the International Swaps and Derivatives Association (ISDA) back in 2010 to question the rate setting process, but was ignored.
A tax proposal released by the US House of Representatives would require investors to determine the fair market value of their derivatives holdings once a year and pay tax on any gains at ordinary income rates.
The International Swaps and Derivatives Association is playing a more active role in the debate on the impact of speculation on global commodity prices, setting up a new website designed to dispel what it sees as myths about the impact of investor activity....
Derivatives market participants are trying to solve a problem that could prevent the clearing of credit default swaps (CDSs) on the Markit iTraxx Europe index – one of two index families the Commodity Futures Trading Commission (CFTC) plans to include...
ICAP, the interdealer brokers, and Rapid Ratings, a rater or alternatives, are jointly launching a rating service covering the credit derivatives market.
Dealers have warned that buy-side firms should not leave it until the last minute to start negotiating over-the-counter clearing agreements, because of the risk they may have to adopt standard contracts with no flexibility to make amendments.
Incoming transparency rules could shrink over-the-counter derivatives trade sizes, as market participants try to avoid revealing their positions, according to an industry panel at the International Swaps and Derivatives Association's European conference....
The publication of a standard legal contract for over-the-counter derivatives clearing in Europe will be delayed by up to three months, dealers say.
The International Swaps and Derivatives Association has proposed an alternative approach to trading book capital requirements, and urged regulators not to disincentivise banks from improving their internal models, in its response to the Basel Committee...
MSCI, the data and index provider, has published a paper studying derivatives clearing as regulation introduces more centrally cleared contracts.
Legislators have put too much faith in central counterparties (CCPs), but they are not certain to prevent future crises, an academic has warned.
ISDA CEO Robert Pickel discusses the new OTC Derivatives Market Analysis in this brief interview.
The International Swaps and Derivatives Association has issued a comment on price speculation in the US petroleum product market, following comments made by US president Barack Obama.
Post-trade risk assessment is poised to grow in importance and deserves the attention of traders as clearing information becomes more available, according to panelists who spoke at the North American Trading Architecture Summit this week in New York....
Italian politicians claim Morgan Stanley's swap termination in January will be a one-off - but dealers say Italy's debt office is subject to other clauses that could have the same effect
Dealers are close to agreeing a final template for a new standard credit support annex (CSA), having made some significant changes in recent months in response to industry concerns.
The European Parliament's plenary session in Brussels today voted overwhelmingly in favour of new rules governing the derivatives market, encompassing both OTC and non-OTC derivatives.
One week on from the credit event that triggered payment of insurance on Greek sovereign debt, the International Swaps and Derivatives Association has reflected on what happened.
The International Islamic Financial Market (IIFM) and the International Swaps and Derivatives Association (ISDA) have launched an ISDA/IIFM Mubadalatul Arbaah (Profit Rate Swap) product standard, to be used for Islamic hedging purposes.
Dealers are concerned that a principle they claim could drain $500 billion from the financial system overnight will remain in the final set of guidelines for central counterparties (CCPs) and other market infrastructures.
The Chicago Mercantile Exchange (CME) Group will introduce portfolio margining on over-the-counter interest rate swaps, and eurodollar and Treasury futures positions, for dealer members clearing from 7 May.