News
Isda: Inconsistency among regulators worrying
Dodd-Frank's extraterritoriality and supervisory focus on market structure reforms that will not deliver systemic risk reduction are concerns, says Isda chair Stephen O’Connor
Evans appointed as director of risk consulting at KPMG
Paul Evans has left Soca to join KPMG as a director of its UK risk consulting practice
Energy firms need to gear up for Remit insider-trading rules, lawyers warn
As early as December, energy trading firms could be subject to a compliance regime for Europe's complex - and confusing - new insider-trading rules
Asian exchanges could attract more block trades via dark pool tie-ups, says Liquidnet
Liquidnet founder, Seth Merrin, believes Asian exchanges should think ‘bigger picture’ by focusing on reclaiming liquidity from institutional order flows by linking up with dark pools
BofE's Tucker: weak CCP recovery plans risk mayhem
Panellists at an EC conference in Brussels this morning warned CCPs have made little progress on detailed survival plans - leaving the system exposed
Mixed reaction to Mifid II's proposals to improve trading transparency
Firms say definition of "algorithmic trading" needs revising, while exchanges applaud new pre- and post-trade transparency framework for OTC derivatives
Industry calls for further clarity on Mifid II
The European Commission tabled proposals to revise the Markets in Financial Instruments Directive on October 20. But traders remain concerned about the implications of a one-size-fits-all approach to foreign exchange
CDS spreads in holding pattern as row delays eurozone deal
Spreads flat or slightly tighter despite political squabbling over size of EFSF
Fears of overreach in Mifid II and Mifir bond rules
Industry experts warn new Mifid and Mifir proposals might push business overseas
On the move
On the move
Fink: Billions could flow into preferreds as banks recapitalise
BlackRock chief calls for perpetual preferred shares to be counted towards Tier I capital at Europe's banks
US watchdog spots conflict of interest with Fed director roles
US Government Accountability Office identifies three examples where senior bank executives might have benefited from their positions on regional Federal Reserve boards
Turner warns of capital requirements dilemma
FSA chair Adair Turner insists on the consideration of counter-cyclical macro-prudential policies in the run-up to regulatory structure overhaul
Dealers see danger in CFTC's $50m clearing capital limit
CFTC says 38 FCMs would be able to act as OTC clearing members under $50 million capital limit - but dealers fear it will weaken CCPs, and call for tough membership rules to redress the balance
iShares says ETFs backed by derivatives should be renamed
Call for new labels as Jack Reed, senator for Rhode Island, notes that ETFs have been labelled the "new weapons of mass destruction"
Regulatory experts say EU's naked CDS ban is ill-judged
The new rules are "another instance of the authorities blaming the wrong people and imposing the wrong policies", says Cass's Ian Marsh
Lords take Vickers to task over robustness of plans
Vickers faced fierce questioning on Independent Commission on Banking’s final report and recommendations; incentive for banks to cheat the system discussed
Citigroup settles CDO charges for $285 million
The SEC has ordered Citigroup to pay $285 million to settle charges relating to a short position taken against its own CDO investors
Asia-Pacific personal wealth growth soars ahead of US and Europe – Credit Suisse
The Asia-Pacific region has accounted for 54% of all new global wealth creation since 2010 and emerging markets are set to drive global wealth creation during the next five years, according to Credit Suisse's annual Global Wealth Report
FX Week Asia: Options clearing on hold, prime brokers confirm
Forex clearing will be restricted to non-deliverable forwards as US authorities discuss whether settlement risk can be properly managed for cleared forex options, according to speakers at the FX Week Asia conference in Singapore
FX Week Asia: Corporate hedgers rattled by volatility
Tumultuous foreign exchange market in September has left some hedging strategies in disarray and led to more timely exposure monitoring in one treasury department, say corporate treasurers speaking at FX Week Asia
A divided CFTC approves new commodities position limit rules
"The pursuit by industry of legitimate and appropriate risk management is now made unduly onerous," says CFTC commissioner Scott O'Malia
New Dow Jones blue-chip indexes to be used in structured products
Dow Jones Indexes launches Asia Dow and Europe Dow, which track 30 blue-chip companies in each region for use in ETFs and structured products
Nomura hires new structured lending head
Munish Varma joins from Deutsche Bank as global head of structured lending and special situations