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January 17, 2013
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Daily coverage for the global derivatives industry

  Top Stories 
  • Central securities depositories form a coalition
    Central securities depositories in Germany, Spain, Australia, Brazil and South Africa have launched a forum to address concerns that regulations will lead to a global capital crunch. "Different markets have different needs and a truly global liquidity management solution needs to factor in these differences while still catering to the globally operating banks. It is our objective that the Liquidity Alliance will deliver an efficient value proposition for the worldwide industry enriched by local know-how and experience," says Peter Hiom of ASX Group. Financial Times (tiered subscription model) (1/16), The Wall Street Journal/Dow Jones Newswires (1/16) LinkedInFacebookTwitterEmail this Story
  Industry News and Trends 
  • Bloomberg is clearing Citadel interest-rate swaps
    Citadel says it's using Bloomberg this week to clear some of its interest-rate swaps. The move helps the firm abide by regulations that will take effect in March that require immediate confirmation and clearing of the trades. The switch to Bloomberg means Citadel will not need to use a third party for confirmation as both the trades and clearing will be done by Bloomberg. The Wall Street Journal/Dow Jones Newswires (1/16) LinkedInFacebookTwitterEmail this Story
  • NYSE Euronext's European assets won't be sold, Niederauer says
    NYSE Euronext CEO Duncan Niederauer says IntercontinentalExchange, which will finalize its purchase of NYSE Euronext this year, has no plans to sell its European business. Niederauer offers insight into the biggest obstacles to the NYSE-ICE deal and discusses the future of Euronext's assets in Europe. Bloomberg (1/16), Bloomberg (1/16) LinkedInFacebookTwitterEmail this Story
  Regulatory Roundup 
  • U.K.'s Vickers says Volcker rule would be too hard to police
    John Vickers, chairman of the U.K. Independent Commission on Banking, says British banks shouldn't be held to restrictions on proprietary trading similar to the Volcker rule. Instead, Vickers advocates protecting banks' retail divisions from investment-banking activities. "If one had ring fencing and Volcker, there would be two boundaries to police," Vickers said. "Volcker draws the line in a very difficult, almost excruciatingly difficult, place." Bloomberg (1/16) LinkedInFacebookTwitterEmail this Story
  • Commentary: FATCA is starting to unravel
    Nigel Green, founder and CEO of global financial advisory deVere Group, explains the reason he thinks the Foreign Account Tax Compliance Act is starting to come apart. "[I]n recent weeks, it is becoming clear that the process to implement this new law, which has a host of serious, unintended consequences, is losing momentum," Green writes. (free registration) (1/16) LinkedInFacebookTwitterEmail this Story
Passion, though a bad regulator, is a powerful spring."
--Ralph Waldo Emerson,
American writer

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