News
Emir clearing rules agreed - but calls grow for delay to Esma deadlines
Delays in the adoption of Europe's new clearing rules have eaten into the time Esma has to meet its June 30 rule-writing deadline
Strongest ever start to the year for US ETPs, say reports
January sees record high in exchange-traded product assets under management, with US inflows representing 84% of global new assets for the month
Industry split over draft Fatca regulations
Industry experts disagree on the effectiveness of the much-anticipated draft Fatca rules
HSBC appoints new head of European credit trading
Asif Godall to replace Paul Gooding, who will lead HSBC’s offshore RMB venture in London
Banks want derivatives collateral included in LCR
Received collateral is currently counted towards the liquidity reserve at some large banks, but should not be included in the LCR, say sceptics, who argue the assets can't be relied upon
Insurers must not be treated like banks in policies to tackle systemic risk – Geneva Association
Insurance industry helps to stabilise money flows and should not be weakened by regulatory initiatives to address crisis in financial industry, says think-tank
UK should veto financial transaction tax, say Risk.net readers
An overwhelming majority of Risk.net readers says David Cameron must protect the City and veto the FTT
Arnaud Sarfati to exit SG CIB in reshuffle
Sarfati to leave as SG rings the changes
ETF roundup
ETF roundup
Index roundup
Index roundup
Metals indexes give precious performance
It has been a good start to the year for industrial and precious metals, reflecting increasing optimism towards commodities. ETF providers have responded to bullish sentiments with the launch of both broad commodity- and sector-targeted funds
Dealers agree standard index CCDS documentation
The development of an index CCDS product will help market participants hedge counterparty risk, say proponents
Macquarie may close structured products business in Europe
Macquarie is considering shutting its structured products and exotics business in Europe as a result of unfavourable market conditions. The alarm bells were sounded were last December, when Todd Steinberg, global head of structured products left the bank
Energy trading system provider Brady acquires Navita, Syseca
Technology provider Brady will be expanding its presence in energy trading and risk management technology through the purchase of Navita Systems and Syseca
Trading positions - people moves in energy risk management
Energy Risk -Trading positions – February 2012
Remit guidance requires more specific definitions
Remit guidance requires more specific definitions
Africa leads the trend towards fuel subsidies removal
Africa leads the trend towards fuel subsidies removal
Corporate backlash on costs of regulation continues
Banks will not be able to avoid passing on the hefty costs of regulatory reform to their buy-side clients, argued participants at the ACI UK’s annual square mile debate
Tri-party repo taskforce to disband without delivering key reform
The New York Fed's concerns about intra-day credit should be tackled by JP Morgan, BNY Mellon and DTCC, an industry taskforce concludes
European capital rules could squash CVA feedback loop
European capital rules could squash CVA feedback loop
Eurex to offer full segregation in March launch of OTC clearing
Eurex Clearing plans to be the first OTC clearer to offer full segregation of collateral when it launches in March - demand has risen since MF Global collapse
New Prime Finance panel could tackle debt crisis disputes
An arbitration panel set up to tackle derivatives disputes could also tackle eurozone debt crisis issues, says Jeffrey Golden, architect of the Isda master agreement
People: SG CIB promotes Mianné and Fields
Mianné lands the deputy CEO role at SG CIB, with Fields replacing him as head of global markets - but the bank loses David Knott; JP Morgan's Zubrow gets regulatory affairs post; Jotwani leaves Nomura, with Ashley and Assi promoted
US omitted from second wave of equivalence assessments
New approach needed for US, says European Commission, as seven countries identified for assessment