Derivatives exchange Eurex has unveiled its proposal for establishing a central clearing system for the over-the-counter (OTC) credit markets which it says has “received support from European authorities”. Eurex will look to for joint venture partners to work with it to establish the central clearing platform. The Swiss German exchange says it will build a “consortium structure” that would provide for “shared governance and control”. Eurex says its two-stage platform will initially support single name and index-based CDS products. ISDA documented OTC derivatives will be added to the system in the first half of 2009, during the second phase of deployment. The clearing platform will be directly linked into the existing data warehouse infrastructure.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.