News
Credit Suisse under fire over tax evasion
US Senate Committee promises to push Justice Department to prosecute more evaders
Markowitz attacks hedge fund diversification claims
Nobel prize winner Harry Markowitz says alternative investments may not deliver the diversification benefits sought by investors
Coal derivatives market fired up by new participants
Commodity traders and physical producers move into coal derivatives as major banks retreat
Probable new CFTC chair 'no ideologue', say former colleagues
Dealers hope Timothy Massad's reputation as a problem-solver will lead to greater collaboration on cross-border regulation
Insurers clamour for materiality guidance on Solvency II reporting
PRA claims it cannot offer advice until publication of Implementing Technical Standards
Launch of India Vix futures driven by institutional investor demand
National Stock Exchange of India about to launch the fourth Asian equity volatility index this week
European Single Manager Awards 2014 nominations open
The 14th European Single Manager Awards recognise the best performance of managers and funds based in Europe. The judging process takes into account qualitative and quantitative criteria
Brazil applies for Solvency II equivalence
Regulator to introduce Orsa requirement and toughen governance rules in 2015
China RQFII ETF managers secure capital gains tax exemptions
China AMC and CSOP Asset Management no longer withholding 10% of fund appreciation for capital gains tax provisions
Vix spikes as short volatility trade gets tougher
Volumes in Vix futures reached an all-time high on the back of January's volatile markets
Tax setback over Korea October ETN launch
Regulator hopes to revive flagging derivatives market
Cleared US dollar swap volumes drop 80% on first day of Sef regime
Numbers compiled by Isda show huge drop - other sources claim smaller fall. Dealers say people "are tiptoeing their way in".
FCA calls a halt to ongoing commission on retail products
FCA guidance on inducements will put an end to ongoing commission paid by distributors to advisers in the UK
Hopes grow that US CCPs will get green light from EC
Market participants detect new mood on cross-border issues: "The two clearing regimes aren't really compatible, but neither side wants to start a shooting war"
RBS portfolio sale to BNP Paribas awaits EC approval
BNP Paribas awaits competition clearance
Asian exchanges considering co-operation agreements to boost liquidity
Several Asian exchanges looking to set up similar deals to leaked ASX/CME proposal
UK insurers’ internal model validation processes 'hugely inefficient'
Firms struggling with validating external models, expert judgement and risk dependencies, say experts
DTCC backlog leaves corporates unable to comply with Emir
Two companies say they have not been able to report to the DTCC's repository, and stopped trading swaps as a result
Platts shifts focus away from price reporting code
Price reporting agency says it intends to concentrate on complying with Iosco rules, leaving future of IPRO code in doubt
Liquidity concerns over moves to reform Indian benchmark rates
India becomes latest Asian jurisdiction to move to a market benchmark
Esma cautions on Mifid rules
European markets watchdog warns that complex products are being mis-sold
Brazil onshore structured note issuance expected to hit $500m per month
Brazil's onshore market for structured products opened with healthy issuance volumes in January, and bankers are hoping for turnover equivalent to $500 million every month
State Street fines put spotlight on transition management firms
Review of overlooked sector follows £22.9 million penalty for overcharging customers
Flourishing listed structured products market in Norway bucks OTC trend
Buoyant listed market in Norway reveals appetite for structured products, but financial watchdog says unlisted market is dead