All posts tagged "Swaps"
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32Market InfrastructureUS Banks Execute First BSBY-Linked Swaps Transaction
Bank of America and JPMorgan Chase entered into a $250mn one-year basis swap with one side tied to BSBY, the other to SOFR.
May 7, 2021 -
104Australia & NZASIC Files Suit Against Westpac for Alleged Insider Trading
ASIC says Westpac traded interest rate derivatives to pre-position itself while knowing it would be selected to execute a A$12bn interest rate swap hours later.
May 6, 2021 -
146EuropeFCA, BOE Urge Switch to SONIA in GBP Non-linear Derivatives
The FCA and BOE have asked liquidity providers and interdealer brokers to adopt SONIA in quoting conventions for GBP non-linear derivatives from 11 May.
April 5, 2021 -
264EnforcementCFTC Files Suit Against Nomura Trader for Manipulative Trading
The former trader manipulated the price of 10-year swap spreads to reflect lower pricing of bonds and a related swap, at the expense of the issuer.
February 3, 2021 -
404Capital RegulationHKMA Intends to Bring ‘Stay Rules’ into Operation in 2021
Implementation will occur in two phases, the first for contracts where the only counterparties are HKMA-authorised institutions and/or FIs that are part of G-SIBs.
January 4, 2021 -
791InternationalCFTC Adopts Rule Changes to Facilitate Foreign Swaps Clearing
The CFTC has extended no-action relief for non-US swap dealers from reporting requirements, and finalised rules for exempting non-US clearinghouses from registration requirements.
November 29, 2020 -
1.6KAML / KYCBitMEX Founders Charged for Evading AML Requirements
Four individuals were charged for "willfully" failing to establish, implement, and maintain an adequate AML programme that included a KYC component.
October 3, 2020 -
666Europe
SONIA Quoting Conventions to be Adopted in UK Swaps Market
Interdealer brokers should base quotes in the sterling swaps market on SONIA rather than LIBOR from 27 October, the FCA and BOE say.
October 1, 2020 -
694Asia-PacificCBSL to Allow Foreign Investors to Hedge Currency Risk with Swaps
As part of measures to lure foreign investment back into Sri Lanka, the government also plans to channel banks' funds into the stock market.
September 16, 2020 -
1.4KEnforcementScotiabank Resolves DOJ, CFTC Spoofing Charges for $127.4m
Four Scotiabank traders based in New York, London and Hong Kong placed thousands of orders in precious metals futures between 2008 and 2016 to manipulate prices.
August 21, 2020
