Top story
Emir reporting date sparks 'mad rush' in energy derivatives market
A requirement to report trades under the European Market Infrastructure Regulation kicked in on February 12, creating a rush to comply among energy derivatives market participants. Some firms have struggled with the rules, and say a lack of support from…
Concessions on Solvency II equivalence not followed through in level 2 proposals
Requirements for using deduction and aggregation method to calculate SCR of subsidiaries remain too high, insurers say
Sefs not expecting a big bang from Mat spark
As the Sef trading mandate arrives, platforms are primed for a jump in volumes – but with many clients currently avoiding Sefs, it may be a small bang, rather than a big one. Tom Osborn reports
Cyber threat real for hedge funds
Under attack
DTCC users unable to access data after repository is overwhelmed
Emails to customers cite backlogs in rates and exchange-traded derivatives - users say repository has been "victim of its own success"
No increased possibility of 2014 equity correction
Unpredictable equity
IAIS valuation methodology for basic capital requirement flawed
Insurance industry demands clarity on crucial elements of capital requirement
Development of LME Clear proves a test of mettle
A change of ownership and an evolving regulatory landscape have thrown up big challenges for the London Metal Exchange in its quest to clear its own trades. Trevor Spanner, the chief executive of LME Clear, speaks to Mark Pengelly about the project
Tradition and Tullett Prebon draw fire in Sef volumes flap
Market is split on how to report volumes for multi-legged trades
Emerging markets volatility lucrative for discerning investors
Lucrative volatility
Insurers claim draft level 2 proposals could water down volatility adjustment
Inclusion of non-fixed-income assets in reference portfolio is 'unjustified'
ETFs based on China benchmarks take advantage of new liquidity rules
The launch of European and US ETFs based on offshore renminbi-denominated indexes signal a new development in investment in the currency
Commodities investing down but not out, Masters says
Global Advisors co-founder believes short-term woes will give way to long-term rally
LEI issuance well below targets as Emir reporting begins
Finnish issuer expects to hand out 10,000 identifiers, but had only reached 1,166 last week - and the story is similar elsewhere
Isda and Sifma blast CFTC position limits rule
Industry groups sceptical of justification for new position limits rule, after suing to block previous version
Packaged swaps get three-month Sef reprieve from CFTC
Market participants welcome 90-day grace period as CFTC promises “thoughtful solution”
AIFMD applications face timing pitfalls
Timing applications
Emir reporting deadline causes alarm among commodity traders
Commodity derivatives end-users hit hard by Emir reporting rules, say industry sources, especially smaller firms
Prime brokers to escape AIFMD segregation burden, sources say
Regulators have agreed a solution in row over client asset segregation, according to five industry sources
Single-stock futures skirt US dividend-equivalent withholding
Skirting the tax
CFTC has ‘turned the corner’ on swap data mess, says O’Malia
New CFTC working group will iron out inconsistencies between SDRs and address end-user concerns, commissioner vows
German debt office poised to collateralise swaps
Pending 2014 budget would allow Finanzagentur to post up to €8 billion in collateral
Regulators “don’t give a damn” about Volcker impact, claim Republicans
A bad-tempered congressional committee hearing sees US regulators quizzed over Volcker rule costs
Missing UTIs will cause reporting chaos, corporates warn
Regulators have left industry to come up with Emir trade identifiers - a huge mistake, according to one corporate treasurer