News
Leveraged return super trackers back
Demand for leveraged call spreads, commonly referred to as super trackers, with highly geared upside and soft protection, is slowly coming back. Investors are looking to diversify counterparty exposure away from high street banks and inflation growth…
Banks face high costs for Fatca compliance
Banks might need to set aside up to 40% of their operations change budget to make themselves Fatca compliant
Multiple repositories must adhere to common standards, says CPSS-Iosco
International coalition of regulators recognises the likelihood that multiple trade repositories will be set up along global, regional or national lines and sets out recommendations for minimum standards
People: UBS expands derivatives structuring
People: UBS expands derivatives structuring
ETF round-up
ETF round-up
Index round-up
Index round-up
CFTC's Sommers: Blocking FIA-Isda document was "huge waste of resources"
A proposal prohibiting an Isda-FIA clearing document highlights rift within CFTC, with Republican appointees claiming they were kept in the dark
BNPP recruits Goodwin to head corporate sales in New York
Deron Goodwin’s appointment from RBS comes weeks after the departure of Clive Banks and John Chase in London
Slow return for Libya oil seen after Gaddafi topple
The overthrow of Libyan leader Colonel Muammar Gaddafi may have sent oil prices falling in recent days, but a return to full oil production in Libya is not likely for some time to come due to on-going security issues, say analysts
BBVA given deadline to improve AMA model
BBVA has been given until December 2011 to make improvements to its AMA model by the Bank of Spain, or will not obtain the capital savings the AMA allows
Myron Scholes predicts 'golden age' for quants
Top quant sees bright future for mathematical finance as it tackles problems thrown up by the crisis
Market volatility sees potential payouts rise and interest in gold and volatility ETNs intensify
Market volatility sees potential payouts rise and interest in gold and volatility ETNs intensify
EBA to publish governance and op risk guidelines in September and October
EBA op risk specialist Bernd Rummel says the new European body has a busy schedule of work to implement CRD IV
LCH.Clearnet looks to expand CDS offering
Clearing house looks to extend its Paris-based CDS offering, rebranding it CDSClear to sit alongside SwapClear and the forthcoming ForexClear
CME delays dollar/renminbi futures due to settlement system issues
The US exchange operator hopes to create a transparent, liquid futures contract for renminbi, offering an alternative to the privately negotiated market. But the launch was delayed due to settlement system problems and some traders believe the exchange…
ITV completes £1.7 billion longevity swap with Credit Suisse
Trustee chairman Graham Parrott says the deal removes "significant risk" from the television company's pension scheme
ABI redundancies in the face of Solvency II
Shake-up will also entail "resourcing-up" Oric to help members prepare for internal op risk modelling
CFTC repository rule won't save regulators from data leak bills, say European supervisors
The CFTC's attempt to protect non-US regulators from an indemnity clause in the Dodd-Frank Act will fail, European regulators fear
Options traders braced for further SNB intervention
Demand has switched from downside euro/Swiss franc options to upside options in anticipation of further Swiss franc weakening measures from SNB, say senior options traders
IIF calls for co-ordination in banking and insurance regulation
In its latest report, the IIF calls for cross-sector co-ordination in banking and insurance regulation
Deutsche pips UBS to BT Financial deal
Deutsche Bank has secured a contract to offer CPPI to clients of BT Financial in Australia, via its wrap platform.
BoA appoints Laughlin as chief risk officer
Replaces Bruce Thompson, who becomes chief financial officer
DTCC appoints new group chief risk officer
Noel Donohoe will head ERM, op risk and systemic risk teams
Berg new CRO at Swedbank
Crisis specialist Berg takes over as chief risk officer at Swedish bank