News
Energy firms' systems not ready for regulation, survey finds
ETRM systems are ill-prepared for financial and energy market regulation, according to Energy Risk survey
Isda and Sifma blast CFTC position limits rule
Industry groups sceptical of justification for new position limits rule, after suing to block previous version
Packaged swaps get three-month Sef reprieve from CFTC
Market participants welcome 90-day grace period as CFTC promises “thoughtful solution”
Asian private bank clients look to European equity-linked structured products
Interest from clients for European equity-linked structured products is increasing
Emir reporting deadline causes alarm among commodity traders
Commodity derivatives end-users hit hard by Emir reporting rules, say industry sources, especially smaller firms
Prime brokers to escape AIFMD segregation burden, sources say
Regulators have agreed a solution in row over client asset segregation, according to five industry sources
Insurers play down ‘misuse’ threat of open source cat model framework
Not-for-profit modelling framework aims to liberalise the catastrophe risk model industry
CFTC has ‘turned the corner’ on swap data mess, says O’Malia
New CFTC working group will iron out inconsistencies between SDRs and address end-user concerns, commissioner vows
German debt office poised to collateralise swaps
Pending 2014 budget would allow Finanzagentur to post up to €8 billion in collateral
Centrica hires ex-Hess market risk director
John Wengler joins Centrica Energy as UK-based midstream risk director
Nikkei 400 index tipped to become Japan equity derivative benchmark
Cash business likely to stay with Nikkei 225 but derivative trades may shift
Nomura books ¥10 billion FVA loss
Japanese bank follows JP Morgan and Deutsche Bank by incorporating funding costs into derivatives valuation
Regulators must improve data sharing against corruption, conference hears
Legal barriers blamed for slowing up pursuit of corruption
Regulators “don’t give a damn” about Volcker impact, claim Republicans
A bad-tempered congressional committee hearing sees US regulators quizzed over Volcker rule costs
Missing UTIs will cause reporting chaos, corporates warn
Regulators have left industry to come up with Emir trade identifiers - a huge mistake, according to one corporate treasurer
Asian clearing houses waiting for CFTC to outline DCO exemption process
SGX still the only Asian exchange with US regulatory approval
US state regulators oppose Federal Insurance Office proposals
Recommendations over supervisory colleges, private mortgage insurance and reinsurance collateral rejected by NAIC members
Plunging Nikkei brings $40m vega losses to Japan dealers
Losses manageable now but if the Nikkei goes under 13,000, "there will be panic"
EC bank reforms would leave lenders unable to hedge
European proposal limits risk management tools to clearable swaps only, preventing options-based hedges
Europe should unite or die, says Lowe
NWE market coupling delays highlight need for robust EU energy regulator, says former EC director general
Thousands of derivatives users not ready for Emir reporting
Number of legal entity identifiers is sitting at 83,337 – well short of the required total, which is estimated at anything from 100,000 to one million
Lloyds' £1.8bn PPI provision shows cost of failure still rising
Lloyds Banking Group allocates another £1.8 billion to PPI compensation, as banks face new £1.3 billion bill for identity theft protection mis-selling
Commission proposals to ease look-through rules ‘require clarification’
Exception in draft Level 2 text could exclude active funds
Insurers hunt for 'scale premium' in infrastructure assets
Size and tenor of deals grow in importance as illiquidity premium fades