News
Quant Congress USA: Derivatives have had negative social utility, says Dupire
Dealers have sold products their clients did not need, says top quant – and industry must refocus on legitimate risk transfer
Market conditions point to uneven global recovery, says Treasury official
Speaking at FX Week USA conference, Daleep Singh acknowledges the improvement in economic conditions in the US but calls for a more balanced global recovery
Rising costs and staff losses underline SFO's need for a Libor scalp
Annual report shows case costs rising and convictions falling in Green's first year
CFTC names head of whistleblower office
Ehrman joins from SEC enforcement division
Bar on bank participation to stymie China Treasury bond futures market relaunch
Despite banks holding an overwhelming majority of the domestic bond market they are barred from participation in futures trading
First Indonesian sovereign bond ETF to boost liquidity in onshore bond market
Fixed income ETF launched at a time of volatility in the Indonesian domestic market
Basel Committee has work cut out on interest rate risk charge
Basel Committee taskforce starts work to develop a Pillar I charge for interest rate risk in the banking book, but some bankers and former regulators say the challenges will be too great
Large exchanges fear impact of cyber attack, Iosco survey finds
Less than 50% are confident they could survive a large-scale attack
Fatca delay blamed on push for IGA
FFIs dealing with yet another delay in Fatca
Swap push-out law correction still needed despite Fed fix
Banks call for legislative action to fix section 716 of the Dodd-Frank Act, despite a move from the Fed to even up the treatment of foreign and domestic banks
US Treasury and IRS delay Fatca by six months
Fatca withholding and account due diligence requirements extended until July 1, 2014
Singapore's absence from CFTC substituted compliance regime creates uncertainty
Treatment of Singapore-based branches of US firms unclear
CFTC cross-border rules slammed as ‘rushed’
The CFTC appears to make some concessions in its cross-border rules, but critics question how substituted compliance will work, and claim the overall framework has been rushed
MAS proposes to amend laws to allow trade reporting of counterparty name
Consultation on the reporting of derivative contracts includes a reporting threshold for non-financial persons and collateral reporting requirements
Morgan Stanley global head of retail structured products Copplestone leaves the bank
Frank Copplestone, global head of retail structured products at Morgan Stanley in London, has parted company with the bank
CFTC-EC ‘stricter-rule applies’ cross-border agreement worries market
Lawyers warn allowing strictest regulation to prevail will create heavy-handed regime
Industry offers alternative to simplified securitisation capital formula
The Basel approach is criticised as inconsistent, prompting a group of quants to develop an alternative
Commission approves scrapping of extended matching adjustment
Brussels frames Solvency II long-term guarantees debate along the lines of Eiopa’s proposals
Forex hedge funds could stage comeback in 2013
After three years of challenging market conditions, FX Concepts says 2013 will mark a significant turning point in forex markets and the ability of hedge funds to generate performance from currencies
Asic trade reporting rules seek convergence with international standards
Australian trade reporting rules to be in force by October
Expectation of US rates rise moves USD/CNH currency basis
Exit of "tourist money" from Asia provides more attractive funding options for firms swapping CNH into USD
Asean importers increase forex hedging in expectation of dollar liquidity tightening
The relaxation of the Fed stance on tapering hasn't reassured South-east Asian corporates
Insurers face tighter infrastructure spreads as banks ramp up allocations
Competition squeezing returns on short-tenor instruments
Denmark to introduce Solvency II shocks to insurer capital requirements
Firms warn regulator against setting an unduly ambitious timeframe for implementing new standard methodology