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An Indian Ministry of Finance’s working group on foreign investment is recommending that foreign institutional investors be allowed to buy fx futures.
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European regulatory authorities will be given powers to summon firms or financial services individuals to provide explanations and supporting documents setting out the purpose and the underlying risks to their credit default swap trading activities, according to a European Commission draft bill for naked short selling obtained by Derivatives Week.
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Forward rate agreements grew by 132% to USD601 billion over the past three years, driving the growth in OTC interest rate derivatives during the period.
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Daniel Palmer, the ex-head of global capital markets at HSBC in London and formerly co-head of global capital markets for Asia Pacific at Morgan Stanley, has rejoined the latter firm today in a new role based in London.
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Crédit Agricole CIB has named Frédéric Lainé as head of the firm’s financial institutions group for international client coverage in Asia ex-Japan.
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Institutional investor appetite in light exotics such as worst-of and best-of baskets has picked up in recent weeks, according to P.J. Andersson, global head of pan-Asian equity derivative and convertible sales at Citigroup in Hong Kong.
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UBS will close on its first two non-professional structured product deals in Taiwan in the next few weeks.
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ING Bank has launched five-year, worst-of memory coupon notes that offer a potential 46% return depending on the performance of three underlying indices.
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Derivative users and industry groups in Europe have voiced their opposition for the so-called systemic internalizer regime to be adapted and applied to the trading of over-the-counter derivatives.
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Mike Wilson, a managing director in institutional structured product sales for the U.K. and Ireland at Société Générale in London, has joined JP Morgan in a similar role.