Credit Trading 

• E.U. Regulators Set For Upped Naked CDS Powers 09/01/2010 07:56 PM GMT  

  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.

• Crédit Agricole Shuffles Asia Ex-Japan Chiefs 09/01/2010 10:39 AM GMT  

  Crédit Agricole CIB has named Frédéric Lainé as head of the firm’s financial institutions group for international client coverage in Asia ex-Japan.

• UBS Credit Salesman Flips To BNP 08/30/2010 06:02 PM GMT  

  Holger Oesterle, a flow credit salesman at UBS in Frankfurt, has left the firm and is headed to BNP Paribas in the same city, reportedly to run flow credit sales in Germany.

• FASB Chief Exit Queries Derivative Proposal 08/26/2010 09:35 PM GMT  

  The planned retirement of Financial Accounting Standards Board Chairman Robert Herz has thrown proposed changes to derivatives accounting into question, as the exposure draft only passed the board by a 3-2 vote, with Herz in favor.

• UBS Adds Credit Traders 08/24/2010 05:09 PM GMT  

  UBS is bulking up its European credit trading operations with the hires of Vassilis Paschopoulos and Robert Purvis to trade European corporate credit default swaps in London.

• BNY Eyes OTC Clearing Moves 08/23/2010 07:22 PM GMT  

  BNY Mellon Clearing in New York is looking into clearing memberships with major clearinghouses to give clients access to over-the-counter interest rate swap and credit default swap clearing, Sanjay Kannambadi, ceo, told Derivatives Week.

• Trade Groups Spurn Single OTC Reporting Plan 08/23/2010 03:23 PM GMT  

  A coalition of industry groups, including the Association for Financial Markets in Europe and the International Swaps and Derivatives Association, has expressed concerns about a single reporting regime for both transaction and position reporting on over-the-counter derivatives based on reporting through trade repositories.

• Users Call For Open Clearing Access 08/20/2010 09:17 PM GMT  

  Jason Kastner, vice chairman of the Swaps and Derivatives Markets Association, spent most of today’s market roundtable in Washington, D.C., playing devil’s advocate, arguing against other market participants for open access to clearing, ownership limits on clearinghouses and a separation of clearing and execution.

• BNP Taps Euro Trading Head 08/20/2010 09:10 PM GMT  

  BNP Paribas has hired Alan Pierce as head of European corporate credit trading, both cash and synthetic.

• SEC Examining Fund Alt Investments 08/20/2010 06:53 PM GMT  

  The U.S. Securities and Exchange Commission is investigating how registered funds make alternative investment decisions.