Reading this on a mobile device? Try our optimized mobile version here: http://r.smartbrief.com/resp/ejdsCfbwocfakdcdnTyC

February 1, 2013
Sign upForwardArchiveAdvertise
Daily coverage for the global derivatives industry

  Top Stories 
  • CFTC's O'Malia suggests SEF rules are weeks away
    Scott O'Malia of the Commodity Futures Trading Commission says rules for swaps-execution facilities might be finalized in the next two weeks. Although proposed rules were published in 2011, O'Malia says the CFTC has struggled to interpret specific language in the Dodd-Frank Act, leading to the delay. Risk.net (subscription required) (1/31) LinkedInFacebookTwitterEmail this Story
  • Barnier warns against blocking OTC derivatives rules
    EU Internal Market Commissioner Michel Barnier has written European Parliament members to urge them not to block over-the-counter derivatives rules. Lawmakers have said they are hesitant to adopt such rules, saying they could hurt businesses. Barnier says rejecting the rules could harm the EU's credibility and competitiveness. Bloomberg Businessweek (1/31) LinkedInFacebookTwitterEmail this Story
  Industry News and Trends 
  • Denmark and Latvia adopt 2-way credit-support annex
    Debt-management offices in Latvia and Denmark plan to post collateral to derivatives dealers. The change "allows us to benefit from better swaps prices and to trade in greater volume given the reduced credit risk," Latvian Treasury official Girts Helmanis said. Latvia and Denmark join Hungary, Ireland, Portugal and Sweden in operating under a two-way credit-support annex. Risk.net (subscription required) (1/31) LinkedInFacebookTwitterEmail this Story
  Regulatory Roundup 
  • Opposition mounts to Europe's proposed transaction tax
    Experts and industry groups are increasingly voicing opposition to a proposed tax on financial transactions in Europe. Noel Amenc, an EDHEC Business School professor, told EU Internal Market Commissioner Michel Barnier in a letter that the tax would increase the price of capital. "The theoretical arguments in support of [financial-transaction tax] as a measure to reduce volatility are, at best, mixed," Amenc wrote. Financial News Online (U.K.) (subscription required) (2/1) LinkedInFacebookTwitterEmail this Story
  • EU official emphasizes importance of global Basel III adoption
    Michel Barnier, the EU's internal-market commissioner, has reiterated a need for the U.S. and other nations to adopt Basel III rules. The U.S. delayed Basel II and did not pass it into law until years after Europe had introduced it. As it stands, 11 of the Group of 20 countries have introduced Basel III. Reuters (1/31) LinkedInFacebookTwitterEmail this Story
  SmartQuote 
A man can fail many times, but he isn't a failure until he begins to blame somebody else."
--John Burroughs,
American naturalist and essayist


LinkedInFacebookTwitterEmail this Story

 
ISDA® is a registered trademark of the International Swaps and Derivatives Association, Inc.
 
Subscriber Tools
     
Print friendly format | Web version | Search past news | Archive | Privacy policy

Advertise
Associate Publisher:  Abiy Bekele (919) 931-5915
 
Read more at dailyLead.com
A powerful website for dailyLead® readers including:
 
 
 Recent ISDA dailyLead Issues:   Lead Editor:  Sean McMahon
     
Mailing Address:
SmartBrief, Inc.®, 555 11th ST NW, Suite 600, Washington, DC 20004
 
 
© 1999-2013 SmartBrief, Inc.® Legal Information