Tendersinfo keep you informed about the latest events in the national and international Procurement Industry. Procurement News provides in-depth coverage of the procurement industry, including contract awards, contract additions, new contract wins, mergers and acquisitions. Tendersinfo through its tender news section provides an update on all domestic and global tendering opportunities, invitation to bid & trade leads.

Publish Date : 04-Jan-2013

Asian and European banks registered as US swap dealers this week, joining Wall St. rivals in complying with new rules that aim to shed light on the opaque US$650 trillion derivatives market.

Deutsche Bank, Commerzbank, Societe Generale, BNP Paribas and Nomura were among the swap dealers listed in the registry of the National Futures Association (NFA), a US regulator.

But large energy traders such as Royal Dutch Shell, Cargill and Glencore were conspicuously absent from the list, a sign of how the market is dominated by investment banks that largely serve speculators.

In 2009, the world\'s largest countries agreed to clamp down on the unregulated swaps market, which has been blamed as a major contributor to the global financial crisis.

Go to previous page