News
Solvency II to curb renascent with-profit sector
Higher capital charges for with profits products under Solvency II
UK’s TPR issues FSD on Lehman Brothers
The Pension Regulator takes a tough line with Lehman Brother creditors over UK pension fund deficit
Scor eyes UK pension funds’ longevity risk
Reinsurer Scor becomes the latest firm to enter the longevity arena
Qantas’s head of risk: hedging programme is too conservative
Qantas Airways’ head of risk believes the company could take more risks within its hedging programme
End-users rush into hedging oil prices
End-users are ploughing into hedging their oil positions, as prices remain in a tight range, says Standard Chartered Bank’s head of energy and environmental research
Demands on loss consortia changing, says BBA and consultancy
British Bankers' Association launches co-operative effort with RiskBusiness
Power exchange to launch gas contract
New Nodal Exchange contract to increase options for power traders; anticipates future gas and renewables demand
Quant unlocks the physics of the flash crash
The flash crash was statistically distinct from other market panics, and can be understood with a little help from the physics of supercool magnets
HKMEx: China’s currency liberalisation to drive liquidity in energy and commodities
China's growth as a consumer in the energy and commodities global market could eventually sway price movements, says Hong Kong Mercantile Exchange’s Cheung
Capital deductions an issue for US banks facing Basel III
US banks will find it easier to comply with Basel III than European counterparts, but capital deductions could pose a problem
Tradeweb launches equity derivatives platform
Tradeweb has launched an electronic equity derivatives platform in the US that offers the ability to complete transparent and timely transactions within minutes
Wilson to move from BoE to Moody's
Bank of England institutions head Alastair Wilson moves to Moody's as chief credit officer for Europe
China opens up secondary loan market in bid to reduce systemic risk
China has further liberalised its interbank market to let banks transfer loans to each other
VAR drops in Q2 despite sovereign risk fears
Most large banks had less exposure to market risk during the second quarter, despite volatile conditions in many asset classes.
IOR: Governance structures crucial to op risk management
IOR: Governance structures crucial to op risk management
Isda Asia chief: Forcing energy and commodities into CCPs creates more risk
Forcing energy and commodities contracts into central counterparty (CCP) clearing is “potentially dangerous”, says Isda's Noyes
BAML continues restructure; evolves to meet regulations
Shake up designed to meet clients' needs ahead of implementation of Dodd-Frank reforms
Nomura names Rig Karkhanis new head of fixed income for Singapore
Nomura continues to expand its foreign exchange, interest rates, credit and commodities unit in Asia by recruiting Rig Karkhanis as new head of fixed income for Singapore
UK FSA expresses concern about excessive EU rules
Financial Services Authority's Dan Waters says regulators should gather more information about the systemic risks hedge funds pose
UK banking commission moots reforms
Commissioners stress they have an open mind as to which structure will best suit British banking industry
US legislators try new tack for energy bill
RES bill should boost renewable energy development and RECs trading but is unlikely to pass this year
Structural changes behind rise in long-dated skew, say dealers
Reduction in risk appetite and regulatory crackdown causing increase in long-dated skew, say equity derivatives dealers