Billions in secret derivatives at centre of Archegos blowup – Economic Times
The forced liquidation of more than $20 billion in holdings linked to Bill Hwang’s investment firm is drawing attention to the covert financial instruments he used to build large stakes in companies. Much of the leverage used by Hwang’s Archegos Capital Management was provided by banks including Nomura Holdings and Credit Suisse Group through swaps […]
Billions in secret derivatives at heart of Archegos blow-up – The Straits Times
NEW YORK (BLOOMBERG) – The forced liquidation of more than US$20 billion (S$27 billion) in holdings linked to Bill Hwang’s investment firm is drawing attention to the covert financial instruments he used to build large stakes in companies. Much of the leverage used by Mr Hwang’s Archegos Capital Management was provided by banks including Nomura […]
DSB Seeks Provider of OTC Derivatives Reference Data for UPI – Regulation Asia
Underlier identifiers representing the instrument, index, or reference rate for an OTC derivative are attributes used to define a UPI. The DSB (Derivatives Service Bureau) has opened a Request for Information (RFI) process to identify a reference data provider for provision of underlier identifiers for the UPI (Unique Product Identifier). A requirement of the UPI […]
Finance Department sees issues with Facebook’s digital currency, documents show – Coast Reporter
OTTAWA — Internal Finance Department documents show officials have deep concerns about the effect of Facebook’s planned digital currency on Canada’s financial stability. Officials wrote in the briefing note last summer that they believed the social media company had yet to address multiple concerns and risks its digital currency posed to the financial system. The […]
Your Queries (Income Tax): Tax audit of income from derivatives trading if turnover above Rs 1 crore – The Financial Express
Since turnover in your case is below the prescribed threshold, there is no requirement for tax audit. By Chirag Nangia I am doing a FnO transaction in Bank Nifty Options Trading. Is audit required and do I need to file ITR for the same?—Akshay SharmaIf income from futures & options trading is classified as business […]
A massive bet on highly secretive derivatives may have sunk Archegos hedge fund – Fortune
Little known derivative may have led to Archegos hedge fund collapse | Fortune You need to enable JavaScript to view this site.
UK Banks Told To Stop Writing Libor Into Derivatives – Law360
Law360, London (March 29, 2021, 4:53 PM BST) — Britain’s financial watchdogs told banks on Monday to write an alternative risk-free benchmark rate into new derivatives contracts from May as markets work toward ditching the scandal-hit Libor by the end of the year. The Financial Conduct Authority and the Bank of England said that they […]
UK Regulators Urge Sterling Derivatives Providers to Switch From LIBOR – Finance Magnates
With the end of LIBOR drawing closer, the FCA and Britain’s central bank are encouraging market participants to actively transition from referencing LIBOR rates in their sterling non-linear derivatives. In this respect, the mega regulators recommend adopting new quoting conventions for inter-dealer trading based on SONIA, effective May 12. Instead of interbank offered rates, this […]
Billions in secret derivatives at centre of Archegos blow-up – The Edge Markets MY
Much of the leverage used by Bill Hwang’s Archegos Capital Management was provided by banks including Nomura Holdings Inc and Credit Suisse Group AG through swaps or so-called contracts-for-difference (CFDs). HONG KONG/ABU DHABI (March 29): The forced liquidation of more than US$20 billion in holdings linked to Bill Hwang’s investment firm is drawing attention to […]
Billions in Secret Derivatives at Center of Archegos Blowup (1) – Bloomberg Law
The forced liquidation of more than $20 billion in holdings linked to Bill Hwang’s investment firm is drawing attention to the covert financial instruments he used to build large stakes in companies. Much of the leverage used by Hwang’s Archegos Capital Management was provided by banks including Nomura Holdings Inc. and Credit Suisse Group AG […]