News
Room for improvement in Remit reporting, say power traders
Lack of renewables data means an increasingly vital part of the market is being excluded, say traders
Dealers split on market-making constraints - Risk survey
Just over half of dealer respondents to a Risk survey believe post-crisis rules are constraining their ability to make markets
SEC: critical business continuity tests lacking in run-up to Sandy
Investment advisers accused of lack of preparation in face of Sandy
Barclays and JP Morgan among first to centralise ‘XVA’ desks
Dealers are looking to consolidate desks that manage adjustments for credit, debit and funding valuation
Pakistan adds Basel III capital surcharge to allow for modelling shortfalls
State Bank of Pakistan outlines its Basel III capital requirements for domestic banks
Insurers spur changes in commercial real estate loan market
Firms cherry-pick opportunities as they step in to fill the hole opened by capital-strapped banks
Citi appoints new OTC clearing head for EMEA
In-house lawyer to step into role vacated by Andrew Sterry
Critics assail industry-sponsored study on HFT
Critics say industry-sponsored study into impact of high-frequency trading in futures markets is flawed
PPI payouts heading for £11 billion mark
FCA figures show no sign of slowing as banks step up provisions for payouts
Agency desks hopeful new protocol will solve Dodd-Frank issues
A preliminary protocol to enable four-way FX prime brokerage involving agency desks has been agreed ‘in principle’ and could allow agencies to scale up their activities, having been largely reduced to spot since May
UK insurers ‘in limbo’ as HMRC reviews tax break for perpetual debt
Consultation undermines level playing field between banks and insurers on capital issuance
Leverage ratio changes threaten European clearing model, industry warns
Proposed revisions appear to catch back-to-back trades that are used to get exposure into European CCPs
Newedge research shows CTA capacity concerns overblown
Research from Newedge suggests growth in assets will have muted impact on CTA performance
Mixed picture emerges on hedge fund fee structures
Hedge fund management fees on average are rising while incentive fees fall. However, FoHF performance fees are rising as management fees drop, according to a fee structure study by eVestment
EM currency turmoil reflected in hedge fund performance and flows
Institutional investors may start pulling back from emerging market-focused hedge funds as performance figures in July show a mixed story for the sector as a whole. Flows have slowed significantly
US insurers overhaul lapse risk assumptions
Switch to predictive models to provide better understanding of risk
Bail-in tool required to resolve systemic insurers, says Bank of England
UK supervisor needs extended powers to fulfil FSB attributes for resolution of systemic institutions
CCP regulation needs to be regional, not national: SGX
SGX head of clearing risk urges greater cooperation among region's regulators
Nasdaq failure underlines worries over infrastructure resilience
The loss of service at one of the biggest US exchanges emphasises the risk of a failure at key service providers
SG launches UK Four series as survey shows investors expect 7% from FTSE 100
Investors believe 7% is a reasonable return for investing in FTSE 100 but many think it is unrealistic, says survey, prompting Société Générale to launch the UK Four series that aims to exceed expectations with annual returns of up to 10%
Commodity hedgers alarmed by CFTC margin proposals
Margin rules proposed after the collapse of MF Global could dramatically raise the cost of hedging, complain market participants
CDS licence approvals too slow, Sefs claim
Sefs claim their applications for licences to offer single-name and index CDSs are moving at a glacial pace – echoing allegations made by the European Commission
Ada expands EM footprint with Behavior Capital merger
A pair of research-focused hedge fund managers are merging their operations to create a global emerging markets platform
Santander strategic review halts Cater Allen structured product issuance
Santander's UK private banking arm Cater Allen has ceased issuing structured products while a review takes place