News
Conference condemns Dodd-Frank limits on intervention
2010 reform act robbed the US authorities of the powers it used to fight crisis, conference hears
The road to issuance and dispute resolution for structured products in Singapore
While its private bankers have regained an appetite for structured products, Singapore's less rich retail investors have been getting used to a new regulatory and dispute resolution scheme put in place by the MAS
Asia CROs divided on risk culture measurement
Risk culture hard to manage, even harder to measure, say panellists at Insurance Risk Asia
Scotiabank promotes Hart to risk chief, and other recent job moves
Stephen Hart replaces Rob Pitfield as Scotiabank CRO, and other Changing Hats stories from the past month
FCA quizzes hedge funds on interest rate exposure
Regulator wrote to large hedge funds in August, following volatility in UK interest rates market
Foreign issuers lobby Turkish government to change structured products regulation
Different tax treatment is placing foreign banks at a disadvantage, they say
Pressure mounts on CFTC for relief on Sef rules
CFTC is being lobbied to grant relief on the contentious Footnote 88, which requires platforms to register as Sefs even if the products they offer are not yet made available to trade
EU Council accused of bulldozing over long-term guarantees proposals
German MEP “appalled” by “irresponsible” council as Omnibus II trilogue negotiations resume
Esma blames repositories for OTC reporting delay
Esma unable to approve repositories for new regime because applications are incomplete, regulator says
Oil producer hedging surges amid Middle East turmoil
Elevated WTI prices, pushed up by regional unrest, are creating opportunities for US oil producers to hedge
Industry ‘won’t bother’ with one-time rehypothecation
Critics say a limited provision in new WGMR rules for dealers to rehypothecate client collateral is impractical and offers no benefit to clients
Non-US platforms shun US banks over Sef rules headache
Isda conference in New York hears some trading platforms outside the US are turning away US persons to avoid registering as a Sef
Looming Emir deadline prompts race to comply
Hundreds of corporates amend OTC documentation this week, ahead of September 15 portfolio reconciliation deadline – but market participants warn of "massive non-compliance"
Banks at risk of FVA arbitrage, say Hull and White
Academics who ignited fierce debate on funding valuation adjustment return with new paper
Real to set sights on renewables after acquisition by Munich Re
Purchase of RenRe Energy Advisors could lead to new weather hedging tools for renewable energy
Extreme mortality bond issuance predicted to expand as spreads tighten
Successful placement of SCOR bond indicates increased investor appetite for life risk
IsdaFix faces rival based on swap repository data
New end-of-day benchmark is "much harder to manipulate" than industry standard IsdaFix
Postponed Omnibus II vote casts doubt on Solvency II 2016 launch
European Parliament pushes back vote to March 11 despite positive developments in Omnibus II negotiations
Wall Street trading software not adequately tested, experts warn
Recent glitches highlight aggressive culture on Wall Street
EU ETS fix should focus on long term, argue market participants
Short-term fixes give rise to uncertainty, in contrast to long-term change needed to rescue the ETS, say firms
More UK insurers to publish economic capital data next year
Firms look to make model outputs publicly available to test investor response to future Solvency II requirements
FX prime brokers continue to shun four-way agreements
Four-way agreements too difficult under Dodd-Frank external business conduct standards, say prime brokers
WMP crackdown spurs China structured products market
China's slower growth rate and rising risks in credit-based WMPs are pushing policy-makers to diversify investment products