Feature
Swaps CCPs hope to slash capital via margin change
Treating margin as settlement could cut leverage – CME, Eurex, Ice, LCH.Clearnet all seeking approval
Small banks face rate options valuation model change
Negative rates causing pricing model rethink
Negative swap spreads hit bank capital buffers
Portfolios of asset-swapped US Treasuries see mark-to-market losses of up to 20bp
Banks try to copy Citi and UBS clearing leverage cuts
Tactic slashes exposure for FCMs, but could undermine lobbyists
US margin rules threaten clearing bottleneck
Fed estimates $2.5 billion annual cost of funding margin on bilateral trades
Hedge, reinsure or restructure: insurers mull risk-margin fixes
Advisers are pitching ideas to help companies deal with rate-sensitive risk margin
Dealers baulk at new SME derivatives rules
Priips to force banks to publish cost analysis of corporate trades
Asset managers urge SEC to adopt swing pricing
Rule change could help funds navigate illiquid markets, asset managers claim
Banks clamp down on pre-hedging over manipulation fears
Front-running concerns could leave market more exposed to liquidity risk
UBS case shines light on proprietary index disclosures
US dealers’ custom index operations under heightened scrutiny following SEC enforcement action
HSBC drives custody growth with China mandate wins
Securities lending also sees uptick as BNY Mellon and State Street announce new clients
For a few dollars more: Japan banks tackle dollar/yen basis jump
Soaring cross-currency swap prices force dollar funding rethink
‘There’s room for two’: reactions to Tullett/Icap deal
Hard work – and risks – facing voice specialist, say dealers and brokers
Prime brokers expanding but credit funds 'shoved out the door'
Bank overhaul of prime brokerage hurting some more than others
Oil rout sharpens energy companies' focus on credit risk
As defaults rise, firms step up sophistication of counterparty assessments
Italian dealers hope tide will turn after tricky 2015
Risk Italia Rankings 2015
FRTB: the nightmare before Christmas
Unwanted gift will be delivered, say regulators, and only its size is up for debate
Embattled commodity trader Noble Group loses CFO
Other moves at Goldman, Mercuria, BNP Paribas and Cargill
Insurers wary of capital 'uncertainty' in multi-asset funds
Firms concerned about modelling future portfolio changes
Independent asset managers lag bank, insurer-owned peers on op risk
Capital requirements incentivise banks and insurers to enhance op risk management
Foreign exchange says goodbye to self-regulation
Forex market participants prepare for end of unregulated markets
CFTC spoofing crackdown poses compliance challenges
First conviction underscores concerns over "hard to define" crime
Bank exits from commodity trading hurt US power firms
Generators face worse liquidity, fewer hedging choices after bank exodus
G-Siis: regulatory clash puts derivatives use in doubt
Insurers say IAIS proposals contradict risk-based capital rules