International Swaps and Derivatives Association (Isda)
Credit derivatives set to hit $10 trillion by 2007, says Deutsche’s Misra
The credit derivatives market is set to hit $10 trillion in notional value within five years, with the number of actively traded credit default swaps set to double by 2007 to 600, according to Deutsche Bank’s global head of integrated credit trading…
New Isda credit derivatives chair warns against complacency
Derek Smith, head of US credit derivatives trading at Goldman Sachs and the new North American chair for the International Swaps and Derivatives Association's credit derivatives market practice committee, believes market participants need to beware of…
Forum codifies Chinese Walls in credit trading
The Joint Market Practices Forum - an ad hoc group of four market trade associations – has produced a set of principles and recommendations tackling the contentious issue of Chinese Walls between credit trading and lending functions.
Isda opens Washington office in lobbying push
The International Swaps and Derivatives Association, the New York-based trade association for the over-the-counter derivatives industry, is opening an office in Washington DC to increase its lobbying of the US government.
Interest rate products dominate OTC derivatives growth in H1
The over-the-counter vanilla interest rate derivatives market grew 24% in the first six months of the year, to $123.90 trillion in notional outstanding, according to the International Swaps and Derivatives Association.
Sponsor's article > Reason for hope
One disappointing aspect of the Basel II deliberations has been the lack of any proposed change in the treatment of counterparty credit exposures. David Rowe argues that recent dialogue between the Basel Committee and industry representatives offers hope…
Derivatives industry achieves new targets in confirmation processing, says Isda
The derivatives industry is setting and achieving new targets on confirmation processing, according to the International Swaps and Derivatives Association.
Isda releases new draft of FpML 4.0
The International Swaps and Derivatives Association has released the second working draft for Financial products Markup Language (FpML) version 4.0.
CP189: the FSA yet to clarify rules for key op risk issues
LONDON - UK firms are faced with more questions than answers in the operational risk portions of the latest consultation paper from the FSA, CP189: Report and first consultation on the implementation of the new Basel and EU capital adequacy standards,…
Isda and BMA propose 35% charge for restructuring risk
The International Swaps and Derivatives Association (Isda) and the Bond Market Association (BMA) submitted a comment letter today to the Basel Committee on Banking Supervision in which they argued that, for the sake of capital calculations, loans hedged…
Isda publishes 2002 master agreement protocol
The International Swaps and Derivatives Association has published a protocol for the 2002 Isda master agreement.
Isda publishes collateral asset definitions
The International Swaps and Derivatives Association (Isda) published the first edition of the Isda Collateral Asset Definitions this week. The definitions standardise the descriptions for the most commonly used collateral assets in various jurisdictions,…
Industry moves to appease investor credit conflicts of interest concerns
A group of leading trade associations today released a draft of “principles and recommendations” regarding the correct set-up of Chinese Walls within the credit divisions of US financial institutions. The move follows criticism from investors – notably…
Isda adds 4pm setting to HK$ IsdaFix
The International Swaps and Derivatives Association has included an additional fixing time of 4pm for its Hong Kong dollar IsdaFix swap rate service.
Isda publishes weather derivatives confirmation document
The International Swaps and Derivatives Association has published a trade confirmation document for over-the-counter weather index swap transactions.
Chinese derivatives regulations expected soon, say bankers
The Chinese central bank is expected to publish new regulations within the next few months aimed at easing tough restrictions in the country's derivatives market, say bankers.
Chinese derivatives regulations expected soon, say bankers
The Chinese central bank is expected to publish new regulations within the next few months aimed at easing tough restrictions in the country’s derivatives market, say bankers.
Restructuring debate will rage on after CP3, says Munro
The Basel Committee's widely anticipated ditching of restructuring as a required credit event for capital relief in its forthcoming third consultation paper on Basel II, will not bring to an end the heated debate between hedging banks and investors over…
Restructuring debate will rage on after CP3, says Munro
The Basel Committee’s widely anticipated ditching of restructuring as a required credit event for capital relief in its forthcoming third consultation paper on Basel II, will not bring to an end the heated debate between hedging banks and investors over…
Isda AGM: Buffett’s criticisms of the derivatives market rebuffed
A wide range of leading derivatives practitioners attending the International Swaps and Derivatives (Isda) annual general meeting spoke out against last month’s comments by US investor Warren Buffett, in which he compared derivatives to “weapons of mass…
Buy side slow on FpMLtake-up
LONDON - One would be forgiven for thinking that Financial Products Mark-up Language (FpML) is another information exchange standard that has been superseded or has simply run out of steam, given the protocol's low media profile in the wake of the…
Isda AGM: Japanese derivatives slowdown due to poor health of financial intermediaries, says Broadman
A slowdown in outstanding derivatives volumes in Japan over the last few years can be partly attributed to the poor financial health of the country’s intermediaries and banks, according to Bart Broadman, vice-chairman and head of credit and rate markets…
Isda AGM: Two new directors elected to Isda board
The International Swaps and Derivatives Association has elected two new directors to its board during its annual general meeting in Tokyo today.
Majority of major corporates using derivatives - Isda
An overwhelming majority of the world’s largest 500 companies use derivatives to hedge their risks, according to the first corporate derivatives survey by the International Swaps and Derivatives Association (Isda), published at the association’s 18th…