Banks Prepare to Fight Basel Over Carbon Derivatives Rule (1) – Bloomberg Law
Banking Law By Frances Schwartzkopff Oct. 22, 2021, 8:12 AM Basel rules now being implemented overestimate risk, ISDA says Stand-off comes as markets for carbon trading expand in number The finance industry is calling for a revision of global capital rules to ensure that banks keep trading in carbon emissions markets. The International Swaps and […]
Hong Kong’s new China stock derivatives projected to set trading record – Nikkei Asia
HONG KONG — Trading in Hong Kong Exchanges and Clearing’s new mainland China equity derivatives has almost quadrupled in the four days since their launch, pointing to investors’ thirst to hedge their exposure to shares listed on the world’s second-largest stock market. The China A50 Connect futures contract, which ends Singapore Exchange’s monopoly on offshore […]
Hong Kong’s China stock derivatives seen setting trading record – Nikkei Asia
HONG KONG — Trading in Hong Kong Exchanges and Clearing’s new mainland China equity derivatives has almost quadrupled in the four days since their launch, pointing to investors’ thirst to hedge their exposure to shares listed on the world’s second-largest stock market. The China A50 Connect futures contract, which ends Singapore Exchange’s monopoly on offshore […]
Norton Rose Fulbright derivatives partner jumps to Ashurst – Reuters
Tower Bridge with the Canary Wharf financial district in the background are seen at sunrise in London, Britain, September 22, 2020. REUTERS/John Sibley Summary Law firms London-based Daniel Franks was a partner at Norton Rose Fulbright since 2014 Ashurst also added a London BCLP partner this month The company and law firm names shown above […]
Finance watchdog ‘grey lists’ Turkey in threat to investment – Reuters.com
By Jonathan Spicer 4 Min Read ISTANBUL (Reuters) -An international watchdog downgraded Turkey to a so-called grey list on Thursday for failing to head off money laundering and terrorist financing, a decision that could further erode foreign investment after a years-long exodus. FILE PHOTO: A commercial vessel sails through the Bosphorus during the outbreak of […]
Trump-tied SPAC soars +350%, retail traders pile on – Yahoo Finance
Shares of Digital World Acquisition Corp (DWAC), the special purpose acquisition company that will merge with former President Trump’s new social media company, shot up 356% on Thursday. The stock closed at $45.50 a share. Trading was briefly halted for volatility during Thursday’s session as retail investors piled on the stock. Digital World Acquisition was […]
South Africa seeks over $27 bln of finance for shift from coal – Reuters
JOHANNESBURG, Oct 21 (Reuters) – South Africa is seeking cheap finance for more than 400 billion rand ($27.6 billion) of electricity infrastructure as part of its plans to move away from heavily polluting coal, a senior presidency official said on Thursday. Through a funding facility backed by rich nations and development finance institutions, South Africa […]
ESG Derivatives: A Sustainable Trend – Lexology
With the 2021 United Nations Climate Change Conference (also known as COP26) coming to Glasgow later this month and amid numerous occurrences of extreme weather, there has been an increased global focus on climate change recently which is reflected in the financial markets. By some estimates, the sustainable finance market grew by almost 30% in […]
Cboe moves to build digital asset derivatives marketplace with ErisX acquisition – The TRADE News
Cboe Global Markets has moved to create a digital asset marketplace that reflects traditional markets with its acquisition of US-based digital asset spot market, ErisX Digital Holdings. The deal is expected to close in the first half of next year, following regulatory approvals. Financial terms of the transaction were not disclosed, but the derivatives exchange […]
Davis Polk Welcomes Derivatives Counsel Caitlin Wood in New York – Yahoo Finance
NEW YORK, October 20, 2021–(BUSINESS WIRE)–Davis Polk today announced that Caitlin Wood has rejoined the firm as counsel in the Derivatives & Structured Products practice in New York. “With significant experience across the spectrum of complex equity derivatives transactions, Caitlin is a terrific addition to our elite derivatives team,” said Neil Barr, Davis Polk’s Managing […]
