Interest rate swaps
BoE: Libor reform needs swaps market support
“The dependence on term Libor fixings remains an unnecessary vulnerability,” writes BoE’s Salmon
Australian banks fear loss of rates trading name give-up
A push towards anonymous trading via platforms could undermine counterparty risk management
Japan struggling with negative rate impact on swaps
Dealers facing issues with collateral interest payments and loan mismatches
After Milan: how Italian law treats muni swaps
Dealers in Italy run risk of “unpredictable legal conflicts”, warn lawyers at Norton Rose
Eurex describes its new ISA Direct platform
Sponsored video: Eurex Clearing
Aussie market clearing well ahead of April mandate
Largest onshore derivatives dealers already caught by US and European rules
Nordic clearing members eliminate Skr288 billion IRS notional
Nasdaq Clearing’s first compression run to be continued twice a year
Dealers: narrow Japan e-trading mandate is compliance headache
Late narrowing of scope and exclusion of package trades throws up difficulties
ABN Amro cuts rates swaps from €24bn covered bond programme
High cost of downgrade triggers forces Dutch bank to use alternative hedge
End-users shun ‘broken’ US swap market
Negative swap spreads forcing hedgers to look for alternative instruments
Swiss eye Saron for risk-free rate
Working group considers one rate to rule them all
Benchmark reform could hit cross-currency basis
Traders criticise fragmented development of new risk-free rates
CME set to launch swaptions clearing in Q2
Uncleared margin rules the driver; may also impact CME-LCH basis
Beyond Libor: what reform plans mean for swaps users
Big bang still an option in plans to propagate new benchmarks
Freddie Mac reviews $600bn hedge book as losses mount
Swap spread inversion contributed to derivatives losses of $2.7 billion in 2015
Isda would create protocol for swap rate ‘big bang’
Tool to allow for legacy contract amendments in case of OIS rate change
Dealer algos strike back in swaps market showdown
Auto-quoting starting to take root as incumbents try to keep pace with Citadel
EU's foreign benchmark equivalence rules under fire
Critics fear repeat of CCP approvals saga
Hungary central bank action ‘distorting’ swaps curve
Flooding market with cheap swaps knocks 14% off bid rate
Emerging market benchmarks under threat from EU law
Heightened regulatory scrutiny discourages banks from participating in third-country benchmarks
Banks explore spin-offs for cleared swaps desks
Non-bank dealers would escape Basel III; private equity seen as likely owners
Risk solutions house of the year: Goldman Sachs
US bank restructured huge Swiss franc swap during market turmoil
‘Frustration’ claims unlikely to hit Libor reform
FMLC's Joanna Perkins dismisses legal concerns about benchmark reform
Duffie: regulators may push swaps market off Libor
Even reformed Libor no longer a viable reference rate, says FSB adviser