News
Finra bears down on complex structured products
Topping the regulator's list of priorities for 2014 is ensuring that US brokers make adequate enquiries before offering complex products to retail investors
FX clearing a priority for 2014, vows CLS chief
Working with banks and CCPs to facilitate central clearing of OTC forex options is 'high priority strategic initiative' for CLS this year, says chief executive David Puth
CVA desks could struggle with Volcker correlation tests
Banks turn to lawyers for advice as CVA functions face tougher conditions than other trading desks
SGX becomes first Asian firm to be designated a derivatives clearing organisation
CFTC ruling comes a week after it granted qualified substituted compliance to three Asian regulatory regimes
Frontloading fears remain despite Esma guidance
Uncertainty has been narrowed by Esma Q&A, but dealers say they will still face pricing headaches
Op risk, FVA and OIS - Risk.net’s top stories of 2013
Operational risks, funding valuation adjustment and the money made by one dealer in the early days of OIS discounting – the top stories of the year on Risk.net
Riskier structured products with 60% barriers could be 'shockers' of the future, says insider
Capital-at-risk products with a 60% barrier have crept into the retail market and are becoming increasingly ubiquitous. But is the extra risk they pose appropriate for retail investors?
France to require full Orsa as it rejects Solvency II interim measures on governance
Insurance supervisor will also allow XBLR reporting, says regulator's head of Solvency II
New Solvency II capital charges still threat to ABS demand
European insurer demand for debt securitisations could vanish despite proposals for lower capital charges
More Swiss banks to close, experts predict
IRS investigation into Swiss banks has increased the pressure on the country's private banking sector
Basel said to be weighing leverage ratio U-turn
Cash collateral may be allowed to bring down derivatives exposure - and repo treatments could also be softened, according to three industry sources
Insurers eye opportunities in commodity trade finance
CX Re and Partnership Assurance invest in CTF assets
CFTC guidance means FIA-Isda contract 'no longer needed'
Execution agreements that have taken years of work cannot be used on Sefs - and a big change is needed if they are to survive at all
Biggest burden from Camp’s comprehensive tax review could fall on retail investors
After thinking they would be ignored in a broad reform of the US tax system led by David Camp, retail investors could find themselves in the firing line for phantom income tax, say bankers
US power firms slam ISO New England over market ‘flaws’
Winter reliability at risk due to problems with real-time pricing, market participants warn
Longevity swap volumes poised for record-breaking highs
Competitive pressures and greater pricing transparency spur growth in 2013
Australia to receive go-ahead for CFTC substituted compliance
Australian market will broadly be able to follow domestic rules to comply with Dodd-Frank
Policy-makers consider extending capital backstop to global insurers
IAIS to decide in 2014 whether to apply basic capital requirement beyond systemically important insurers
SMX purchase gives Ice two-year Asia advantage over rivals
Atlanta-based derivatives exchange Ice's decision to scoop up SMX gives the firm on-the-ground presence for clearing and trading in Asia
Japan and Korea investors regain appetite for European equity-linked structures
European underlyings make up 70% of non-Japan uridashi issuance in 2013
Asian index providers face hurdles meeting European equivalence regime
Index providers the latest part of the financial system to have European equivalency problems
US hedge funds threaten EU boycott
As the AIFMD deadline approaches, US firms claim European disclosure rules will expose their top talent to poachers while depository and private placement rules are too restrictive
UK power firms call for quick implementation of EMR
Despite worries about UK Electricity Market Reform, market participants call on government to press ahead
Federal Insurance Office calls for enhanced role in group supervision
Long-awaited report proposes reforms to US state and federal practices