International Swaps and Derivatives Association (Isda)
Credit derivative market grew 48% during first half of 2005, says Isda
The notional amount of credit derivatives outstanding hit $12.43 trillion at the end of June, according to the International Swaps and Derivatives Association.
Isda’s ‘novation protocol’ aims to tackle derivatives backlogs
The world's major derivatives dealers have signed up to the International Swaps and Derivatives Association’s long-awaited ‘Novation Protocol’, which seeks to facilitate the transfer of existing trades to third parties.
Playing catch-up
The back office has found it difficult to keep up with front-office trading, prompting a warning by the FSA over the level of unsigned confirmations in the credit derivatives market earlier this year. Banks are now looking to improve the automation of…
Isda backs Bear Stearns appeal against Enron
The International Swaps and Derivatives Association and the Bond Markets Assocation (BMA) have backed Bear Stearns' latest attempt to keep hold of $25.9 million in payments on a stock forward agreement, in the face of Enron's attempt to recover it.
CDS on ABS set for growth as documentation and sentiment improves
Asset-backed security (ABS) derivatives look set to gain increased popularity, firstly following the release of a template for ABS credit default swap (CDS) trading by the International Swaps and Derivatives Association, and second due to various bankers…
Isda publishes Asia ex-Japan equity derivatives agreement
The International Swaps and Derivatives Association has published a master equity derivatives confirmation agreement contract for inter-dealer trades in the Asia-Pacific region excluding Japan.
FSA director Huey Evans quits to head hedge fund unit
Gay Huey Evans, currently the Financial Services Authority’s (FSA) director of markets, is to leave the UK regulator to join hedge fund manager Tribeca Global Management, on September 1.
UK property derivatives under spotlight
Though the UK commercial property derivatives market appears to be finally taking off, barriers to liquidity and efficiency remain, said derivatives professionals at a seminar held by law firm Field Fisher Waterhouse earlier this week.
In the spotlight
The Financial Services Authority has warned banks about the high number of unsigned confirmations in the credit derivatives market. Banks need to take action to clear the backlog, and with the FSA watching closely, they need to do it quickly. By Hann Ho
Isda looks to past and future
Members of the International Swaps and Derivatives Association celebrated two decades of derivatives achievements at the trade body’s twentieth annual general meeting in Barcelona last month.
Process or die, says Isda chairman Moulds
The continued growth of the derivatives industry will depend on the industry’s ability to improve processing efficiencies, said Jonathan Mould, chairman of the International Swaps and Derivatives Association, this morning.
Automated processing of derivatives increasing, says Isda
Automated trade confirmations account for around one-third of all credit derivatives transactions and 20% of plain vanilla swaps trades, according to the International Swaps and Derivatives Association (Isda).
Credit derivatives volumes explode
Notional outstanding credit derivatives volumes grew by 55% over the second half of 2004, rising from $5.44 trillion to $8.42 trillion, according to a year-end market survey conducted by the International Swaps and Derivatives Association (Isda).
Collateral use in derivatives transactions up to $1.2 trillion
The use of collateral in derivatives transactions has leapt to $1.2 trillion, according to the International Swaps and Derivatives Association’s 2005 Survey. This represents an 18.4% increase over the corresponding figure in the 2004 Survey.
Bank of America promotes Moulds
Bank of America (BoA) has promoted Jonathan Moulds to the position of international head of global markets, with a remit covering debt and equities in Europe and Asia.
Sponsor's article > Counterparty risk – the next generation
Discussions continue on allowing the use of simulation-based estimation methods for counterparty credit exposure under Basel II. In the meantime, however, industry practice has continued to advance. David Rowe argues we should at least move regulatory…
Isda issues new guidelines for derivatives transaction settlement
The International Swaps and Derivatives Association has published a set of guidelines for the matching, netting and settlement of cashflows arising from over-the-counter derivatives transactions.
Isda taps new chairs
The International Swaps and Derivatives Association has elected a new chairman and vice-chairman. Jonathan Moulds, head of cross-product strategic trading at Banc of America Securities, has been elected chairman, while Michele Faissola, global head of…
Hedge fund credit derivatives trading surges, says BBA
Hedge funds are expected to have a greater share of the credit derivatives market than securities firms by 2006, according to a British Bankers’ Association (BBA) survey published this week.
Credit derivatives up 44% to $5.44 trillion, says Isda
Credit derivatives notionals stood at $5.44 trillion at the end of June, a jump of 44% compared with the end of last year, according to an International Swaps and Derivatives Association (Isda) survey.
FSA officially scraps op risk systems and controls
The UK's Financial Services Authority (FSA) has officially announced that it is putting the implementation of 'SYSC 3A - Operational Risk', part of the 'Prudential Sourcebook', on ice.
UK FSA calls off 'Systems and Controls', industry irate
The UK's Financial Services Authority announced at the September meeting of the Operational Risk Standing Group (ORSG) that it would be delaying, until further notice, the implementation of the Prudential Sourcebook text for 'systems and controls'.
Critical voices
The final Basel II framework has been welcomed by banks, regulators and industry bodies around the globe, but there are still some concerns about certain aspects of the Accord. Bob Pickel, chief executive of Isda, gives the association's views on the new…
Isda pushing bar codes for confirmations
The International Swaps and Derivatives Association is working on a new bar code standard to streamline the processing of trade confirmations across a variety of asset classes, according to RiskNews’ sister publication, Dealing With Technology .