The Global Rates Board was created to monitor developments in policy and market structure that adversely affect the rates markets. The board comprises global or European heads of rates across leading global firms. It will set global strategy and priorities on the broader issues impacting across the spectrum of rates products such as government bonds, agencies, supranationals, government guaranteed bonds, covered bonds, and swaps.
The activities of the European Covered Bond Dealers Association (ECBDA) and the European Primary Dealers Association (EPDA) fall under the auspices of the Rates Division, each maintaining a board of directors to set the agenda for the covered bond and government bond markets, respectively. The Global Rates Board will coordinate representation with these existing boards.
Key Issues and Initiatives
- Capital requirements and impact on rates businesses;
- Convergence of IFRS and US GAAP accounting standards;
- Regulation of the OTC market including changes to requirements on price transparency and reporting and the use of central counterparty (CCP) clearing;
- Use of CCP by voice brokers; and
- Annual Fixed Income Market Liquidity Survey
Organisation
Board of Directors
Luke Halestrap, Bank of America Merrill Lynch
Harry Harrison, Barclays
Pierre Renom, BNP Paribas
Andrew Morton, Citi
Benjamin Mellul, Crédit Agricole CIB
Laurent Curtat, Credit Suisse
Michele Faissola, Deutsche Bank
Kostas Pantazopoulos, Goldman Sachs
Elie El Hayek, HSBC
Gunter Fluyt, ING
Christopher Willcox, J.P.Morgan
David Moore, Morgan Stanley
Kieran Higgins, Nomura
Chico Khan-Gandapur, Société Générale
Yvan Ducrot, UBS
Contact
Sander Schol, Director
sander.schol@afme.eu
+44 (0)20 7743 9352
Mark Austen, Managing Director
mark.austen@afme.eu
+ 44 (0)20 7743 9343