News
UK insurers dismiss risk of bulk annuity capacity crunch
Increased activity forecast for 2014, but rumoured supply overload unlikely
Sants quits Barclays after just 10 months in compliance role
Ex-regulator and head of compliance quits UK bank citing stress
Korean securities firms to compete with banks in OTC forex
Further liberalisation of Korea's capital markets gives securities firms a chance to expand
Mandatory clearing in Korea slated for June 2014
Korea confident of achieving recognition from Europe and is readying to apply for similar status from the US
Structured Products Europe: Disappointment over EC’s failure to adopt RDR
Belgian regulator would like to see the Retail Distribution Review's commission ban enacted across Europe
Italy follows Ireland in retaining AFS bond filter
Banca d'Italia proposes to allow its banks to ignore some government bond volatility
Barnier to attend crunch trilogue to see Solvency II negotiations ‘over the finish line'
Profound changes expected to long-term guarantees package
Bill Clinton says failure to reform OTC markets earlier was a "real mistake"
Speaking at Sifma AGM, former US president says OTC market should have been forced into collateralised regime before 2008 crisis
‘Complex’ definition eludes European regulators
Determining whether a structured product is "complex” – and therefore unsuitable for retail investors – continues to divide regulators in Europe
Volatility products within family office portfolio: keep it simple or minimise risk in other ways?
A well-diversified portfolio could be better for controlling risk than volatility investments, according to members of the family office industry.
JP Morgan names new divisional CFOs
The US bank appoints David Hudson as global markets CFO, while Mike Santomassimo is named banking and risk CFO
Acer investigated 10 potential breaches of Remit in 2012
Acer probed 10 cases under Remit in 2012, agency says, in report that sheds light on the development of monitoring regime
Ice members split over new client clearing model
Dealers fear mutualised exposure in 'sponsored principal' model
Sefs face major delays in operating outside the US
Despite an overseas person exemption that allows recognition of CFTC-approved swap execution facilities in the UK, Sefs could face significant delays before they can legally operate in other non-US jurisdictions
ASX looks to volatility-linked products to drive Australia Vix futures liquidity
Increasing the potential liquidity pool a major aim for Australia volatility futures market
FX market faces challenges to meet Emir start date for trade reporting
Mandatory trade reporting for all asset classes will begin on February 12, but the forex industry is still grappling with the challenges of dual reporting
FCMs stunned by $1.75 billion client buffer at Credit Suisse
Swiss bank is tying up too much capital in immature business, rivals claim, after new NFA data shows it to be an outlier
End-users push back on termination rights delay
Derivatives end-users are pushing back on regulator demands to include temporary stays on termination rights linked to bank resolutions
Family offices debate role of structured products at London panel
Firms that manage family fortunes say structured products have come a long way since the financial crisis, but their use in family office portfolios remains limited
SG and BNP Paribas results reveal positive effect of equities on structured products as credit products flounder
Equity-linked structured products booming, according to quarterly results from BNP Paribas and Société Générale
Experts split on MAT determinations
Rules allowing Sefs to make available-to-trade determinations continue to cause concern, but some think an aggressive approach is justified
Index-based longevity solutions continue to face challenges, experts say
Basis risk continues to worry pension funds, consultants say, despite the latest attempt by Deutsche Bank to create a flexible index-based longevity hedge
Insurance Risk North America: CROs must avoid conservative culture
Regulatory mindset 'creates no value' for US insurers
Insurance Risk North America: Test data security, US insurers warned
Security test results may scare them, delegates hear