News
CFTC’s Gensler defends long arm of Dodd-Frank
CFTC chair says "it is critical" that US rules apply overseas, in article for Banque de France stability review
Higher capital not fines, says RBS Americas head of op risk
Higher capital requirements would incentivise banks to fix their problems more than fines, says Craig Spielmann at RBS
FCA sets thresholds for regulatory failure
Slip-ups resulting in more than £30m losses will merit investigation, UK regulator says
Finance ministers warn US on extraterritoriality
Letter to US Treasury secretary says OTC rules should be applied within national borders only. Signatories include French, German, UK finance ministers
Energy firms give mixed response to Dodd-Frank swap reporting delay
Dodd-Frank delay gets mixed response from energy firms
Standardised OTC swaps to launch within weeks
Isda-Sifma working group discussions continue but trueEX prepares to list OTC swaps with standard coupons and IMM dates
OpRisk North America 2013: video
Highlights from this year's OpRisk North America conference
Pressure grows for US to copy EU’s CVA exemption
Bill calls for FSOC to analyse impact on US of EU exemption as corporates press for a carve-out
Prosecutions of senior executives ‘unlikely’ after crisis
Managers could argue they faced difficult market conditions, industry expert says
Institutions overtake retail structured product investors as dominant source of Japan equity option flow
The recent rise in Japan’s equity markets have seen macro hedge funds and asset managers overtake the retail structured product investors as the dominant source of flow on Nikkei and Topix options
Van Hulle: Long-term investment agenda must not side-track Solvency II
Political focus on promoting long-term finance could be detrimental to insurance industry, warns European Commission's former Solvency II leader
US banks wary of disclosing fair value for structured notes
Correspondence shows several large Wall Street banks expressed reservations to the SEC about enhancing disclosure around their structured products
IMF's Blanchard warns Europe could drag world economy down
IMF chief economist says ‘three-speed’ global economy could be dangerous
Fed demands more detailed living wills
Cross-border issues added to 2013 living will requirements
Icap: Sefs could lead to ‘sub-optimal hedging’
Moving NDFs to trade on Sefs could mean less hedging at longer end of the curve, says senior executive at Icap
Changing hats – May 2013
Changing hats – May 2013
Brokers lose index CDS volumes to new Tradeweb platform
Over $600 billion in index CDS volume switches to new venue where dealers guarantee liquidity to each other
Hedge Funds Review Americas Awards 2013 open for entries
Hedge Funds Review is now accepting entries for the Americas Awards 2013. These awards recognise the top-performing hedge funds and funds of hedge funds in the US, Canada and Latin America
DME’s Oman oil contract flourishes from futurisation of swaps
Shift away from swaps trading and recent price reporting agency scandals helping Oman contract, says DME chief
EC to fight new US prudential rules for foreign banks, says EBF
EC "very concerned" about capital and liquidity proposals, says chief executive of the European Banking Federation
‘Flawed’ standard formula currency risk calibration needs revision - Insurance Europe
Current specification is ‘counter-intuitive’, say industry experts
Op risk fears as OTC clearing gathers steam
The OTC market's complex new structure will lead to operational glitches, conference participants warn
Solvency II set for inconsistent soft launch, lawyers warn
Absence of legal powers to enact guidelines in some jurisdictions threatens Eiopa’s objectives