Credit Default Swaps

Latest News for: Credit default swaps

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Explainer-What are credit default swaps and why are they causing trouble for Europe’s banks?

FX Empire 30 Mar 2023

has focused attention on the role played by credit default swaps in all the turmoil ... Credit default swaps are derivatives that offer insurance against the risk of a bond issuer – such as a company, a bank or a sovereign government – not paying their creditors.

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The application of the derivatives trading obligation to certain credit default swaps (FCA - Financial Conduct Authority)

Public Technologies 30 Mar 2023

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CFTC Staff Issues No-Action Letter Regarding the Migration of Credit Default Swaps from ICE Clear Europe Ltd. (CFTC - US Commodity Futures Trading Commission)

Public Technologies 30 Mar 2023

CFTC Staff Issues No-Action Letter Regarding the Migration of Credit Default Swaps from ICE Clear Europe Ltd ... Act (CEA) and CFTC regulation 37.9, for credit default swaps (CDS) that are executed for the sole purpose of migrating open CDS positions from ICE Clear Europe Ltd.

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Global derivatives industry defends CDS after banking blow-ups

Reuters 30 Mar 2023

LONDON, March 30 (Reuters) - The derivatives industry body, the International Association of Swaps and Derivatives Association (ISDA), has backed Credit Default Swaps amid concerns about the role they have played in the recent bout of global banking turmoil. Credit default swaps ...

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Europe's markets regulator to probe CDS market after bank turmoil

Reuters 30 Mar 2023

March 30 (Reuters) - The European Securities and Markets Authority (ESMA) said it is scrutinising recent market movements, including the credit default swaps (CDS) market, after recent trading volatility ... Our Standards ... Read Next ... FinancecategorySwiss authorities reveal cost of Credit Suisse's liquidity lifeline, article with image11.51 AM UTC.

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TSX extends gains for fifth day as commodity stocks climb

Reuters 30 Mar 2023

At 09.34 a.m ... Our Standards. The Thomson Reuters Trust Principles ... What are credit default swaps and why are they causing trouble for Europe's banks?, article with image10.21 AM UTC ... ....

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Business

Economist 30 Mar 2023

\nSergio Ermotti is returning to UBS as chief executive to guide the Swiss bank’s emergency takeover of Credit Suisse ... \nDeutsche Bank clawed back most of the losses from a sell-off caused by the soaring price of its credit-default swaps, which act as an insurance against a default on its debts.

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Financial markets seem to have gone back to their old game of predicting a dovish Fed

Financial Express 30 Mar 2023

Deutsche Bank credit default swaps spreads spike; banking still not out of the woods ... By how much will credit conditions tighten because of the banking sector tensions? The Fed does not know, and neither does anybody else ... Any widening in credit spreads has come almost entirely from moves in the underlying risk-free rates.

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California officers charged in death of suspect who cried \

Reuters 30 Mar 2023

"These officers had a legal duty to Mr ... Bronstein was kept face down for about six more minutes ... Our Standards ... WorldcategoryManchin threatens to sue US Treasury over EV tax credit rules, article with image12.10 PM UTC ... What are credit default swaps and why are they causing trouble for Europe's banks?, article with image10.21 AM UTC ....

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China-driven growth seen helping emerging assets despite bank worries

Reuters 30 Mar 2023

But others were more pessimistic - especially on the outlook for emerging economies with lower credit ratings or already in debt distress ... What are credit default swaps and why are they causing trouble for Europe's banks?, article with image10.21 AM UTC.

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Marketmind-World markets leaving March like a lamb

FX Empire 30 Mar 2023

The evidence is sketchy so far and the impact on lending and credit generally will be examined forensically from here ... Elsewhere, European markets continued to advance on Thursday, with banking stocks up another 2% and credit default swaps on many banks lower too.

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Are Lloyds shares cheap buys at under 48p?

The Motley Fool 30 Mar 2023

Lloyds (LSE.LLOY) shares started the year on a very positive note, rising over 14% by mid-February ... Why? ... Soon after, attention quickly turned to Switzerland when Credit Suisse also reached a crisis point. Now the focus is on Germany as concerns intensify regarding Deutsche Bank‘s involvement in the credit-default swaps market ... Source ... our picks ... .

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The Division of Market Oversight (“Division” or “DMO”) of the Commodity Futures Trading Commission (“CFTC” or “Commission”) is providing a no-action position regarding the requirements in section 2(h)(8) of the Commodity Exchange Act (“CEA” or “Act”) and Commission regulation 37.9, for credit default swaps (“CDS”) that are executed for the sole purpose of migrating open CDS positions from ICE Clear Europe Ltd. (“ICEU”) to a new central clearing counterparty (“CCP”) ahead of ICEU’s planned discontinuation of CDS clearing services in October 2023. (CFTC - US Commodity Futures Trading Commission)

Public Technologies 30 Mar 2023

Re.No-Action Position to Facilitate the Migration of Credit Default Swaps from ICE Clear Europe ... and Commission regulation 37.9, for credit default swaps ("CDS") that are executed for the sole purpose of migrating open CDS positions from ICE Clear Europe Ltd.

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Brazil unveils new budget rules, easing market fears on fiscal discipline

Reuters 30 Mar 2023

The long-awaited proposal is key to easing fiscal concerns after leftist President Luiz Inacio Lula da Silva secured congressional approval to bypass a constitutional spending cap ... Our Standards ... Read Next ... EXPLAINERExplainer. What are credit default swaps and why are they causing trouble for Europe's banks?, article with image10.21 AM UTC ... ....

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Window Dressing Lifts Stock Market; Nasdaq 100 Shows Buy Signal While Alibaba, China Stocks Shine

Investors Business Daily 30 Mar 2023

Broad-based end-of-quarter buying interest lifted the stock market Thursday morning, as bottom fishers scooped up depressed bank shares and market pros closed the books on the first quarter ... X ... Stock Market Action ... The Nasdaq jumped 0.6% ... IBD Live ... Dow Jones Futures Sell Off On Renewed Banking Fears; Deutsche Bank Dives On Soaring Credit Default Swaps .