Feature
Move to vol-controlled funds adds new complexities for VA
Market and regulatory pressure is driving product innovation from insurers
Huge Brexit margin calls stoke intra-day funding fears
Calls on June 24 may have topped $40 billion; critics urge regulators to review episode
Reserving judgement: the BoE’s divisive leverage ratio plan
Central bank reserves exemption may squeeze interbank liquidity, raise capital requirements
Skewed views: banks, auditors split on CDS index trades
Views on risks and accounting treatment of arbitrage repack differ across the Street
Swap 4175: how a hedged loan became a €600m dispute
City of Linz v Bawag case underlines risks in municipal derivatives
Carbon life force: derivatives defy coal's bleak future
Coal producers shorting volatility to collect premium, say traders
Big losses force banks to rethink energy lending
Unfunded loans and exposures to suppliers worry credit risk managers
Energy firms fear liquidity void if US capital proposals hit banks
Trades ‘wouldn’t be anywhere near making sense’ for banks
EU trading obligation threatens US equivalence
Rigid criteria and poor data could make EU regime too narrow to achieve US recognition
How banks weathered the money market storm
Bank funding desks tapped standalone accounts and offshore investors for cash as prime funds slumped
Enterprise risk management powers up at utilities
Revived focus on ERM, but expectations now more realistic on what it can achieve
Final EU non-cleared margin rules softened for pension funds
No margin concentration limits for pension funds, but intragroup rules threaten US equivalence
Data providers wrestle with systematic internaliser status
Covering 80% of venues is considered enough to approximate total market size under Mifid II
Rise of the machines: AI begins to tackle credit risk
Self-taught technology could push humans aside from some – or all – of the underwriting process
Margin rules lead to NDF clearing surge
Banks look to finally clear forex products, but options remain a challenge
FRTB sends banks around the bend
Banks uncover hidden challenges of data, computing power and need for joined-up approach
Banks seek clarity on risk retention capital charges
CMBS issuers in dark about how much capital to hold against risk retention exposures
Plastics hedging rising amid US chemical industry boom
Several obstacles limiting potential growth, say plastics market participants
Tough times for the real masters of the universe
Rules tie the hands of bank strategic investing units as fintech opportunities grow
Loan danger: CFTC sees systemic risk in margin financing
Combination with net margin posting at EU CCPs could leave clearing members on the hook
Forget your passport: London outside the single market
UK-based banks seek simplest way to retain EU access post-Brexit
Ultra-short funds see opening in money market reforms
US asset managers aim to capitalise as investors move cash from money market funds
Exchanges, energy brokers jostle for position ahead of Mifid II
EEX foray into non-MTF platforms sparks outcry from brokers
CFTC flexes muscles in Kraft, DRW cases
Agency pushes for broader definition of market manipulation in parallel legal battles