News
Structured products sales to rise 8% in 2013, Esma predicts
In its report on EU market trends for the second quarter, Esma says sales of equity-linked retail structured products are up this year, while demand for interest rate-linked products has plummeted
Fed wrong not to start QE tapering, says UBS economist
The surprise decision by the Federal Reserve last month not to scale back its quantitative easing programme will create more volatility, says economist
Conditional approval of Solvency II internal models should be allowed, urges PRA official
Insurers' efforts to develop internal models should be recognised by supervisors
Energy trading firms unprepared for Emir and Remit, poll finds
Many energy market participants are worryingly unprepared for Emir and Remit, according to a recent poll by Energy Risk
Target investment alpha and retained surpluses to drive company value, says Allianz CRO
Risk function has part to play in driving market value
Insurers need to do better on innovation, say chief executives
The insurance sector needs to up its game and help companies remove new risks from their balance sheets, panellists say
Report urges US coal producers to step up trading activities
Deloitte calls on US coal producers to set up prop trading desks and engage in more international origination
Eurozone collapse remains top threat for insurance industry – Swiss Re chief economist
Policy mistakes could still kill economic recovery, Insurance Risk Europe conference hears
CRO’s role must be more clearly defined, conference told
Greater communication between departments also key to risk management
Options platforms will miss Sef application deadline
Digital Vega and SurfacExchange do not expect to meet the CFTC's October 2 deadline to register as Sefs
Onset of hub-based Asian LNG pricing likely to be slow
LNG importers hoping for quick move to flexible pricing mechanisms will be disappointed, say market participants
Van Hulle urges parties to reach agreement in Omnibus II negotiations
Former Solvency II head at European Commission says agreement in the interests of all stakeholders
GLG’s White drops hedge funds to work directly with Man Group’s Manny Roman
GLG’s John White has moved from managing equity hedge funds to work closely with Man chief executive Manny Roman. His existing hedge funds have been handed over to others within GLG to run
Cross-border stricter-rule-applies approach causing confusion
Global regulators have agreed to cooperate when implementing new derivatives rules on a cross-border basis, but market participants are unsure as to how this will work in practice
State regulators turn fire on NAIC over principle-based reserving
New York commissioner publicly breaks ranks claiming new system will be ineffective
Futures reporting delay 'will not take place', says EC's Pearson
Industry had been banking on one-year postponement - Esma now looking for solution to reporting impasse, according to senior EC official
Officials blindsided by CFTC's Sef footnote 88, says Ferber
Senior MEP says officials from US and Europe only recognised dangers of Sef rules footnote in recent weeks
Liquidity & Funding Risk 2013: FVA will be dead in three years, says Hull
Arch-critic of funding valuation adjustment says regulation will make it obsolete – reducing industry's exposure to arbitrage
RBS too big in UK inflation swap market, says RBS market risk chief
Global head of market risk at RBS says he is "way outside" his risk appetite
Icap fined $87.4m for Libor manipulation as brokers charged
CFTC and FCA impose fines of $65 million and £14 million
PRA losing key op risk staff after just six months
Senior op risk staff set to move into private sector
Liquidity & Funding Risk 2013: Modelling endangers LCR, panellists warn
New liquidity ratio could be undermined if EBA allows banks to estimate their own exposures
Liquidity & Funding Risk 2013: Don't rely on forward guidance, say ALM chiefs
Forward guidance alone is of little use from a liquidity planning point of view, conference hears
US non-bank Sifi process 'flawed' and 'unsupportable' say designating body members
Prudential Financial designation raises concerns assessment criteria not fit for purpose