Highlights

The Securities and Exchange Commission today announced that Pamela A. Gibbs has been named as the inaugural Director of the Office of Minority and Women Inclusion, which oversees diversity in the agency’s employment, management, and business activities.

Twenty years ago when confirmations for OTC products were produced using Word for Windows 2.0 and sent by FAX for manual review, identifying the legal entity was a hit and miss affair.

Our Free Web-events cover collateral management, central clearing and Dodd-Frank data and reporting requirements

Collateral Call Communication -

Feb 9th: "Reducing Counterparty Risk & Increasing Transparency through Electronic Messaging for Margin Calls." Sponsored by Swift
 

Central Clearing for OTC Derivatives -

The Securities and Exchange Commission today voted to adopt two sets of new rules designed to help revitalize the important asset-backed securities (ABS) market by encouraging better disclosure for investors.

$28 Trillion in Total Notional also Cleared in January

Clients cleared in seven of the 17 available currencies

LCH.Clearnet Limited’s (LCH.Clearnet’s) market-leading interest rate swap (IRS) clearing service, SwapClear, today announced that in January it cleared U.S. $34 billion in total notional client business across seven of the 17 currencies currently available. These volumes bring the total client notional outstanding to $288 billion. During this period, SwapClear also cleared $28 trillion of total notional business.

NYSE Euronext announced today that in light of the decision by the European Commission to prohibit its proposed combination with Deutsche Boerse, the companies are in discussions to terminate their merger agreement. 

SimCorp, a leading provider of highly specialized software and expertise for the investment industry, today released the results of a data management survey conducted in December 2011. The survey polled nearly 100 executives from 50 buy-side firms across North America.

CME Group, the world's leading and most diverse derivatives marketplace, today announced it has expanded its centrally cleared, over-the-counter (OTC) agricultural swap offering through the introduction of eight new grain and oilseed swaps. The new swaps will be available for clearing on February 13, pending regulatory review. Among the offering are five new bullet swaps and three additional calendar swaps, which are listed with, and subject to, the rules and regulations of CBOT.

Total bank IT spending across North America, Europe, and Asia-Pacific will grow to US$173.3 billion in 2012. This spending level is approximately 2.8% higher than 2011. This is a discouraging but not surprising indicator that IT spending growth is slightly on the decline. 

In a new report, IT Spending in Banking: A Global Perspective, Celent analyzes IT spending trends across different regions: North America, Europe, and Asia-Pacific. The report compares and contrasts the direction of IT spending trends.

CME Group and National Futures Association (NFA) today announced, in conjunction with the InterContinental Exchange (ICE), the Kansas City Board of Trade (KCBOT) and the Minneapolis Grain Exchange (MGEX), the formation of a joint committee to review how self-regulatory organizations can strengthen current safeguards for customer segregated funds held at the firm level in light of the MF Global bankruptcy.