The global derivatives market could expand significantly this year, a report prepared by advisory firm TABB Group says. The company’s study, which was commissioned by the World Federation of Exchanges, estimates that $700 trillion in derivatives could be traded by the end of the year. At year-end 2009, the derivatives Read more…
A common restructuring technique for existing interest rate swaps is the amend or blend and extend, where the present value of an existing trade is rolled into the rate of a new deal. There can be a number of pitfalls to this strategy, and clients should be aware of all ramifications. Read more…
This is a great summary of the Financial Reform Bill implementation, but not a quick skimmer. Many of the provisions have extended timelines and are dependent upon future decisions by a number of regulators, but this is the most comprehensive synopsis of FinReg we have seen from Davis Polk & Wardwell Read more…
The House and Senate Banking Committee wrangling wrapped up early this morning after a 20-hour session, with full Congressional approval likely in the next week or two. Commercial end users of interest rate and foreign exchange derivatives look to be largely unaffected by the bill, although some desks may be Read more…
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