News
BP’s Gulf of Mexico oil spill will not push fuel switching
Experts quash fears that tighter restrictions following BP’s Gulf of Mexico oil spill will result in oil to gas fuel switching in the US, thus pushing up gas prices
Regulators kick off derivatives reform discussion
Market participants call for clearing decisions to be left to market forces and caution regulators about clearing house ownership
China’s drop in oil demand is "warning sign’"
Alarm bells hit the market after China’s oil demand slump signals a possible unexpected slowdown in energy demand growth
Basel Committee to rethink CVA capital charge
Regulators might adapt the bond-equivalent approach amid claims the methodology will lead to perverse incentives
Regulators tout new impact studies as proof of Basel III’s viability
Basel Committee and FSB studies play down the economic impact of Basel III - proof, regulators say, that the reforms are fit for purpose.
Sizeable portion of banks not planning to become clearing members
Battle for client clearing business set to heat up, reveals Risk interdealer poll
Indian regulator tightens derivatives rules
Sebi has banned mutual funds from writing options and placed prudential limits on the amount of derivatives investments that can be made by mutual funds in the country in a bid to tighten regulation
Former BoA chief risk officer Curl joins Singapore's Temasek as president
Temasek has hired former BoA CRO Gregory Curl and promoted Simon Israel as co-presidents to work alongside existing president and former SGX chief executive, Hsieh Fu Hua
BNP Paribas enters US retail space via Bank of the West
BNP Paribas is offering market-linked certificates of deposit to US retail investors for the first time through subsidiary Bank of the West
UBS names Bahurel head of equity derivatives sales in Asia
UBS will add Julien Bahurel as head of equity derivative sales in Asia by the end of this year
'Forum shopping' frustrates European high yield investors
An increasing number of European companies are moving their operations abroad to avoid punitive bankruptcy regimes, leaving bondholders at a disadvantage.
Asian banks in OTC derivatives reconciliation drive
Efforts by Isda and international banks to get Asian counterparties to use portfolio reconciliation services for OTC derivatives are starting to pay off
Citi names Asia-Pacifc head for wealth management investment products
Paul Hodes will relocated from Malaysia to Singapore to look after traditional managed investments in Asia for Citi's wealth management unit.
Platts’ new coal price assessment reflects Indian potential
Launch of Platts thermal coal price assessment for India highlights the country's growing importance as a leading coal producer and importer
UK end-users face power and gas price volatility
Experts warn that major UK end-users may face another quarter of power and gas price volatility, indicating the necessity of a risk management programme
Brazil opts for IAIS approach to risk-based regulation
Brazil declines to take a Solvency II approach to insurance regulation choosing IAIS mode
European insurers would need regulatory action to survive Greek default
Fitch Ratings stress test concludes that eight european insurers would require "further analysis" after sovereign risk fallout
UK investment managers prepare for Fatca ahead of 2013
New US-based requirements will increase the reporting burden for international firms
End-users adopt more complex hedging tools and methods
End-users’ energy and commodities hedging strategies are growing in sophistication as they adopt more complex products and non-traditional tools, says the head of RWE npower’s optimisation desk
Data and systems top concern for op risk managers, says survey
Survey responses from more than 50 op risk managers suggest data and systems management is the leading concern, rather than adopting an enterprise risk management framework, which was flagged as the top issue in last year's poll
UBS snares Siddiqi as head for fixed-income corporate coverage in Asia
UBS hires Siddiqi to head Asia-Pacific FICC corporate coverage group as part of an effort to build up its fixed-income operation in the region
BNP Paribas makes senior US appointments
Changes at top level of New York derivatives business
StormHarbour appoints new managing principal
Thierry Sciard, previously head of alternatives at Fortis Investments, joins StormHarbour.