News
Standard Chartered to offer client clearing for non-US persons
UK bank looks to offer clearing option outside US regulatory requirements
Photo gallery: Long-term performance awards and platform awards 2013
12th Annual European Fund of Hedge Funds Awards 2013
Photo gallery: One-year performance European FoHF awards 2013
12th Annual European Fund of Hedge Funds Awards 2013
Insurers boost allocation to private equity
Blackrock survey finds more than half of firms likely to increase investment in asset class
SwapClear to restart compression in leverage boon for banks
Banks hope for leverage exposure relief after interest rate swap clearer fixes clash with CFTC rules
'Zero-loyalty environment' blamed for financial malpractice
Lack of leadership and job insecurity are behind widespread wrongdoing in the financial sector, seminar hears
Ucits derivatives use hamstrung by collateral rules
Asset managers call on regulators to amend Ucits rules
Day-ahead power market coupling sees caution prevail
‘Bugs’ found in NWE day-ahead coupling tests cause exchanges and grid operators to err on the side of caution
Disclosure of Solvency II's long-term measures benefit risks ‘misinterpretation’
Dual-reporting could confuse investors and undermine confidence in the LTG package, say experts
Initial margin to significantly impact development of Asian derivatives markets: Asifma
Asifma head Austen wants exclusion of initial margin from Asian jurisdictions’ derivatives market regulation
Oil market faces tight deadline for Ice Brent protocol
As Ice prepares to shift Brent expiry calendar on December 6, Isda releases protocol to enable orderly transition of OTC market
Regulators clash on Mifid waivers
Some regulators and brokers have expressed fears that exemptions included in Mifid may mean European rules on trade execution are not equivalent to the US – but a key parliamentarian disagrees
European FoHFs celebrate outstanding performance
Despite a challenging environment for European fund of hedge funds, many have bucked the trend. The 12th European FoHF Awards 2013 recognised the achievements of a wide range of asset managers
Massad to replace Gensler as CFTC head, and other recent job moves
Changing hats – December 2013/January 2014
Volatility indexes are poor hedge against tail risks, say managers
Systematic indexes become expensive "just when you need them", portfolio manager
Winners announced for Custody Risk European Awards 2013
The winners of the Custody Risk European Awards 2013 were unveiled at an awards ceremony in central London on November 20
Projected cost of rate hedge mis-selling rises
Latest FCA figures show first stage of mis-selling review almost finished, but payouts rising and may hit £1 billion
CCPs face $161 billion liquidity shortfall to clear FX options, GFXD finds
Results of an industry study reveal the scale of the liquidity burden that would fall on CCPs clearing physically delivered forex options – but a net settlement mechanism could reduce the number by 73%
Study casts doubt on mandatory futures insurance
Mandatory insurance for assets held by futures brokers would be extremely costly, concludes industry-backed report
JP Morgan agrees record $13 billion settlement with DoJ
Settlement resolves civil claims over residential mortgage-backed securities
Chinese securitisation market risks fragmentation under current dual framework
The existence of multiple rule books may deter issuers and investors in securitisation
Equity inflows boost ETF assets by 19% to hit record highs
Assets in exchange-traded funds reached an all-time high of $2.319 trillion in October, with three firms – iShares, State Street and Vanguard – accounting for 70% of the total
FX industry calls for changes to benchmark practices
Ongoing investigations into manipulation of forex benchmarks have led to calls for changes to the way the WM/Reuters exchange rates are used
Asian dealers 'disappointed' by CFTC clarification of footnote 513
CFTC makes clear swaps between non-US swap dealers and non-US clients will be caught by Dodd-Frank if they are arranged, negotiated or executed by US personnel