Paulhac says CME swap future is not a vehicle for interdealer risk transfer. Others claim some market participants have replaced swap portfolios with the new contracts
Icap Energy chief Newman steps down; PetroChina hires products head; BAML makes commodities hires; E.on recruits Barclays power and gas head; Evolution launches US power desk
Phillis formerly managed the op risk function at State Street, implementing the bank's advanced measurement approach
The computational requirements of Solvency II are driving the need for more computing power and data storage accessible on a scalable basis. Early adopters are leveraging cloud computing for their Solvency II implementation. Others are taking a more cautious approach, waiting for the industry to address key concerns such as security before they to embrace computing.
More Icap articles
Some banks are scared to make prices on platforms that offer both an order book and request-for-quote trading – other users might be able to game them by using the two approaches in conjunction, the banks claim. The result could be that dealers stop...
Curve trades and swap spreads will have CFTC protection lifted from mid-May if they contain a leg that is subject to Sef requirements, platform operators expect. More complex packages may see relief extended
Ex-trader Tom Hayes allegedly conspired with 22 others
CFTC and FCA impose fines of $65 million and £14 million
Double Haven has hired a new CEO to head the company which now manages more than $360 million from its Hong Kong office. Finisterre Capital adds a partner for its emerging markets portfolio
In response to industry fears of a collateral crunch, regulators have revised the proposed rules on margining for uncleared over-the-counter (OTC) derivatives.You can find out more by downloading this white paper here.