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Top 10 op risks: AML
The fourth of our series of top 10 op risks for 2014 looks at anti-money laundering. Preventing money-laundering is set to become just one aspect of the broader effort to clamp down on all kinds of illegal transactions
Fed discount window could resolve CCP collateral liquidity concerns, say clearers
US regulatory concerns about liquidity of government securities collateral could be resolved by access to the Fed’s discount window, CCP officials say
CFTC proposes 'unassailable' position limits rule
CFTC puts forward another Dodd-Frank position limits rule, generating concerns among commodity derivatives end-users
Insurance Risk North America: Bank-centric capital backstop 'would threaten consumers'
MetLife CRO outlines company's proposal for backstop capital standard
Hedge funds increase Asia quant investing risk capital by 50%
An improved Japan economy is ramping up quant investor activity across Asia
Sefs have work to do on impartial access - Gensler
Some Sefs are not offering equal terms to all market participants, CFTC chairman tells industry conference
Top 10 op risks: data theft
In the third of our series of top 10 op risks for 2014, we look at how high-profile spying and security leaks put the spotlight on privacy obligations
Sovereigns look to hedge fuel imports after Morocco deal
More energy importing countries are in talks about hedging fuel purchases after Morocco’s sovereign hedging deal, say bankers
Trilogue parties lock horns on Solvency II third-country equivalence
Commission seeks flexibility to unilaterally recognise US, but resists making temporary regime open-ended
Q&A: Commission Solvency II head Wiedner on closing the deal on Omnibus II
Klaus Wiedner, head of the insurance and pensions unit at the European Commission, has the task of brokering a deal on Omnibus II. As negotiations go down to the wire, he rebuts criticism that too many concessions are being made to the insurance industry…
CME threatens to flee US as regulators challenge liquidity of US Treasury collateral
US CCPs may need committed funding to count US Treasury collateral as liquid
Top 10 op risks: board overstretch
The second in our series of top 10 op risks for 2014 focuses on the boardroom. Regulators and governments are loading new responsibilities on to directors – adequate board membership has never been more important
Commodity investment goes back to fundamentals
The past year has not been a good one for commodity investment. Passive commodity indexes have delivered disappointing returns, while a number of high-profile commodity hedge funds have been forced to close. What is the outlook for investor interest in…
Iosco report exaggerates hedge fund leverage, critics claim
A report from the International Organization of Securities Commissions on the systemic risk posed by hedge funds lacks substance, industry participants claim
Remit insider trading rules continue to confuse energy traders
Despite coming into force in December 2011, Remit insider trading rules continue to raise questions among energy traders
Top 10 operational risks for 2014
Internal failures will prove as dangerous as external threats for the financial industry in 2014
Top 10 op risks: index rigging
The first in our series of top 10 op risks for 2014 looks at index rigging. The Libor-rigging scandal continues to grow, and other indexes may have been involved too
Nord Pool Spot denies UK virtual hub will delay NWE coupling
APX says creation of UK virtual hub could delay NWE power market coupling, but claim is strongly denied by Nord Pool Spot
Osfi copies US CVA charge to protect Canadian banks
Canadian regulator wants its banks to compete on same terms as US rivals
Fatca fears reach swaps market
US tax rules could leave compliant foreign firms out of pocket unless swap documentation is amended
Basel Committee drops fixed correlations in new trading book proposals
Banks relieved as revised trading book proposals drop plans for capital to be based on regulator-set correlations
FX benchmark probe gathers pace as chief dealers placed on leave
Senior spot traders at JP Morgan, Citi and Standard Chartered have all been placed on leave, while Barclays, Deutsche Bank and UBS confirm they are conducting internal reviews in connection with alleged manipulation of forex benchmarks
Kill switches may lead to systemic risk, expert warns
Recent calls for kill switches may be misguided
5,000 trades: Basel III's magic number squeezes swaps books
There is a magic number in bank capital rules – 5,000 trades – below which portfolios qualify for a lower margin period of risk. Some dealers are now trying to cut their books down to size. Others claim that’s impossible. Joe Rennison reports