Feature
Consultants “a one-way challenge” to funds of hedge funds
But advisers add little value, select large under-performing funds
Official support fails to help Japan LNG contract
Forward contract is latest effort to create market in LNG derivatives
Top 10 op risks 2015: conduct risk
Changing corporate culture will be hard work
CFTC to test role of anonymity in Sef order book flop
Order books could get a boost if regulator bars brokers from revealing counterparty IDs
Enthusiasm for hedging wanes among US airlines
Low volatility and industry consolidation reduce need to hedge
Top 10 op risks 2015: mis-selling
Unsuitable products have cost banks billions
Top 10 op risks 2015: city failure
Resilience a growing concern for modern cities
Top 10 op risks 2015: strategic risk
Op risk managers need to make their voices heard
Top 10 op risks 2015: cyber risk
Major systems failures likely to continue
Global exchanges in fight for Asia clearing market share
No clear Australia strategy for CME while Eurex is kept waiting for a licence
Looking back: El Niño boosts weather derivatives
December 1997 saw one of many false starts for weather derivatives
Smart beta indexes gain currency with Asian investors
Despite some high-profile failures banks and index providers are bullish
Poor liquidity stalls long-dated Thai derivatives market
Demand is strong but supply is constrained due to stuctural issues
Netting problems will restrict pension funds, FCMs warn
Lawyers’ reluctance to grant netting opinions is hiking capital requirements for low-risk trades
US bilateral margin rules: a hit parade of horrors
US regime differs on currency, threshold, eligible collateral and non-financials
Industry confronts hard choices in CCP recovery debate
CCPs have ways to boost financial strength – none straightforward
The secrets of successful energy trading firms
Training programmes, innovation and risk-taking among top traits
Conflict of interest: banks call for unity on Eonia
Traders fear swap market will be split by 0% floor disputes
Utility firms struggle to fend off Emir clearing
Exemptions and thresholds crucial to avoiding OTC clearing rules
People: TD Bank bags Scotia Capital structuring team
Move follows series of structured products hires at Canadian banks
Energy trading: veterans reflect on highs and lows
Vitol’s Bake and Icap’s Newman discuss evolution of energy market
Mercuria appoints top team following JP Morgan sale
Other commodities moves at CME Group, Deutsche Bank & NextEra Energy
Poor collaboration leaves banks open to cyber threat
DTCC highlights cyber danger with white papers and joint venture
CVA hedge losses prompt focus on swaptions and guarantees
Regulators and accountants don't agree on CVA but banks say smart hedges exist