- Direct lending (2)
- Emerging markets (2)
- High yield bonds (remove)
- Investment grade credit (7)
- CLO (3)
- Distressed debt (2)
- Credit derivatives (15)
- Leveraged loans (16)
Deadline just hours away for CDS users to sign Isda protocol9 days ago
Midday New York time is the cut-off for market participants to sign up to the International Swaps & Derivatives Association’s protocol aimed at stamping out narrowly tailored credit events from CDS
Over 1,200 sign up to CDS protocol10 days ago
Plans to improve CDS market integrity have received a boost, with the International Swaps & Derivatives Association drawing a stronger than expected response to its protocol aimed at stamping out narrowly tailored credit events (NTCEs).
CDS traders get second extension on narrowly tailored credit event protocol20 days ago
The International Swaps & Derivatives Association has extended for a second time the deadline for market participants to adhere to a protocol aimed at stamping out narrowly tailored credit events from the CDS market
Traders face Monday deadline for manufactured credit event protocol23 days ago
Interested parties have until Monday to sign up to a protocol aimed at stamping out narrowly tailored credit events from the CDS market, with the International Swaps & Derivatives Association having given extensions on the original deadline
Anti-CDS tactics enter European bond market as high yield pipeline builds1 month ago
‘Anti-net short’, or ‘anti-CDS’, provisions are set to enter the European corporate bond market for the first time, as Merlin Entertainments and Kantar wrap up roadshows for deals financing their acquisitions by private equity firms
Narrowly tailored event protocol set to go live in weeks1 month ago
Investors have until 14 October to sign up to an Isda protocol aimed at stamping out narrowly tailored credit events (NTCEs) from the CDS market.
Guidelines fail to assuage fears over loose reporting standards2 months ago
The Chartered Financial Analyst (CFA) Institute’s new hedge fund reporting guidelines come into play next year, but some say they fall short of a much-needed overhaul.
Esma publishes final guidelines for alternative and Ucits fund liquidity stress-test2 months ago
Fund managers have just over a year to comply with liquidity stress test final guidelines published yesterday by the European Securities and Markets Authority (Esma) for alternative investment funds (AIFs) and undertakings for the collective investment in transferable securities (Ucits)
LCH's French unit adds first Japanese clearing member2 months ago
Mizuho has signed up as the first Japanese clearing member of LCH SA, the French clearing unit of London Stock Exchange-owned LCH Group
New EC fund rules could lead to ‘pre-pre-marketing’3 months ago
The European Commission has approved a standardised concept of ‘pre-marketing’ in a move that could see more capital flow through the European Economic Area. The new definition of pre-marketing is meant to provide clarity, but some sources say that the amendments could be seen as an additional burden and lead to a concept of pre-pre-marketing.
US and UK sound post-Brexit derivatives regulatory accord8 months ago
The US Commodity Futures Trading Commission (CFTC) and the Bank of England have issued a joint statement assuring derivative market participants of continued access to trading and clearing after the UK’s exit from the European Union
CDS food fight as UNFI sues Goldman Sachs over SuperValu deal9 months ago
United Natural Foods Inc (UNFI) has summoned Goldman Sachs to court, accusing the bank of bad faith in the way it handled the US retailer’s buyout of SuperValu last year, a transaction which caused the target firm’s CDS spread to bloat by over 200bp in one day
Ziggo CDS protection buyers get a lift as DC votes for successor9 months ago
Holders of credit default swap protection on Ziggo Bond Finance have received a boost, with the EMEA Determinations Committee ruling that contracts structured under the 2014 Isda credit derivative definitions have a successor – dispelling fears they would be orphaned.
US regulation drives insurance money towards credit ETFs10 months ago
Institutional investors are increasingly allocating to credit exchange-traded funds (ETFs), but their motivations are changing. These vehicles are famed for their liquidity, but several investors are said to be pouring money into them for the long term amid regulatory changes which have made ETF investments more favourable
Past returns: Bond buckets are pipedreams, right?10 months ago
Five years ago in Creditflux we reported that Webster Bank’s CLO tranche investor Francis Mitchell had created a working group in response to the Volcker rule determining that regional banks could no longer invest in CLOs with bond buckets
Creditex obtains CFTC swap execution facility exemption11 months ago
Creditex, the electronic brokerage for corporate bonds and credit default swaps, has been granted an exemption from a requirement to register with the US Commodity Futures Trading Commission as a swap execution facility
LSTA asks for return of CLO bond buckets as part of Volcker reform1 year ago
The Loan Syndication and Trading Association is advocating the return of high yield bond baskets within US CLO portfolios in what could be another sign of the shackles being loosened on CLO regulation in the US
They said it: My friend (not a fan of the president) said she would erect a statue of Trump if there was any further Volcker rule rollback1 year ago
A US lawyer tells us that President Donald Trump is gaining admirers in the credit industry.
Investors debate merits of bond buckets as regulators revisit Volcker rule1 year ago
CLOs with bond buckets could return in the US as federal agencies have signalled their willingness to roll back certain parts of the Volcker rule
SEC aims to lower barriers to entry with new ETF proposals1 year ago
The new proposals by the US regulator aim to facilitate greater competition and innovation in the $3.4 trillion ETF industry by lowering barriers to entry
Federal Reserve seeks comment on proposed Volcker rule changes1 year ago
Amendments to the Volcker rule took another step forward yesterday after the Federal Reserve Board released a note requesting feedback on proposed changes to the rule
UK funds brace themselves against value-for-money ruling1 year ago
The UK’s Financial Conduct Authority (FCA) has published its final set of fund governance rules that aim to strengthen the duty of authorised fund managers to their investors.
SEC's Grim and Crovitz resurface at Washington DC law firm1 year ago
Two former US Securities and Exchange Commission directors have joined law firm Stradley Ronon
Bonds climb as the Dow tumbles amid Trump sanctions on Chinese imports1 year ago
Investors are seeking safety in government bonds
Fund industry braces for further impact after court's DOL fiduciary rule decision1 year ago
The US Department of Labor (DOL) had said it will not enforce its embattled ‘fiduciary rule’ following a legal ruling last week – but one regulatory lawyer says fund industry players should nevertheless brace for several impacts of that ruling
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