European Commission (EC)
Risk Europe: Expanding the scope of Emir needs careful consideration, says Pearson
A Council of the European Union proposal to expand the scope of new European market infrastructure regulation to include exchange-traded derivatives should be carefully thought through, says the EC’s Patrick Pearson
Risk Europe: Dodd-Frank rating requirement has competitive implications under Basel III
The requirement under the Dodd-Frank Act to eliminate any reliance on external credit ratings could put US banks at a competitive disadvantage under Basel III, says the Basel Committee’s Stefan Walter
EU Council questions Esma’s power to determine clearing eligibility
Legal precedent suggests European Commission might have to determine which contracts should be cleared under new derivatives rules, rather than Esma as originally planned
Sovereign debt managers criticise ban on naked CDSs
Sovereign debt managers criticise ban on naked credit default swaps
European legislators squabble over Emir
The derivatives catch-all
Sovereign risk weights under threat
Weight gain
Preparing for Solvency II
Solvency II: insuring for change
Triple threat to sovereign default-risk-free status
European policymakers and regulators are considering dramatic changes to the capital treatment for government bonds
EU Council leans towards special treatment for FX
Industry's concerns starting to be reflected in legislation proposals
QIS 5 demonstrates EPIFP in Tier III for Solvency II not “economically consistent”
Montalvo moves closer to the industry’s position on future profits as Tier I capital – but does not agree that all should be included
Opposition grows to Prips risk indicator proposal
Publication of responses to European consultation paper reveals widespread dislike of risk indicator plans
European parliament embraces Tobin tax
Lawmakers throw their weight behind Tobin tax on financial transactions; say global difference of opinion should not stop Europe implementing levy
Dealers and issuers protest European ban on ‘naked’ CDS
Ban could harm government debt markets, according to UK DMO – dealers say any prohibition would backfire
Bail-in proposals are not necessarily bad for investors – M&G
Bondholders: Time to take your medicine
The Nava-gator
Safe-keeping
CME slams potentially stricter position limit rules
CME Group chief executive slams proposed position limit regulations as “unnecessary”
EC tightening of carbon spot market could threaten forward market
Industry experts are wary of European Commission proposals intended to bring additional safeguards to the spot market
Draft European clearing rules threaten Eurex business model
Analysts warn Council of the European Union proposals could hurt trading revenues at Eurex, as its owner, Deutsche Börse, pursues merger talks with NYSE Euronext
Langen report: clearing rules will only apply to new trades
European Parliament calls for existing derivatives trades to be excluded from clearing rules, but proposes wider exemptions for public-sector bodies
New senior bank debt fears over EC proposals
New senior bank debt fears over EC proposals
UK industry asks European Commission for certainty on Solvency II transition
UK industry asks European Commission for certainty on Solvency II transition
Academics call for changes in performance scenario rules
Performance anxiety
Fears over consistency of Basel III implementation
The power of peer pressure
Danish regulators push for more flexible Basel III liquidity rules
Shortage of high quality liquid assets prompts Danish regulators to push for changes to the liquidity coverage ratio within the European Union capital requirements directive