News
Stenham CIO to focus on risk control
Stenham Asset Management hires managing director to allow CIO to focus on risk control. Bfinance expands fixed income asset investment research team. Man Group announces board changes
Emir flaws could see futures reporting delayed till 2015
Esma acknowledges industry concerns over delegated reporting provisions and confirms it is considering a one-year delay
Former SAC portfolio manager charged with insider trading
Further charges relating to insider trading at hedge fund SAC
FCA AML report raises concerns about money service business going underground
UK regulator's first annual AML report highlights risks of closing certain banking services
Hedge fund compliance to 'ratchet up' after SAC indictment for insider trading
Managers look internally after fellow fund indicted on insider trading charges
Digital Vega to add non-deliverable options to Medusa
NDOs in testing on Medusa platform as some market participants begin to consider alternatives to deliverable FX options that could be more easily cleared
Winners announced for Americas Awards 2013
Citadel, Blackstone AAM, Hildene and SkyBridge were among the big winners at the Hedge Funds Review Americas Awards 2013. Paloma Partners' Donald Sussman received the lifetime achievement award
FASB recognises OIS rate as hedge accounting benchmark
Rule change could see growth in swaps indexed to federal funds rate
Kroeker named as FASB vice-chairman
Former SEC chief accountant returns to regulation
New EU state aid guidance may force insurers to adjust capital structure
Lawyers split on whether subordinated debt will be made convertible by law
High-frequency trader fined $3.1 million for market manipulation
CFTC, CME and FCA fine Michael Coscia and Panther Energy Trading in first case of its kind
Iosco softens index approach on final benchmark principles
The structured products industry has welcomed Iosco's publication of benchmark principles that promote softer treatment for equity indexes
Bank physical commodity trading attacked in US Senate hearing
Physical trading by banks said to inflate commodity prices, increase systemic risk and threaten shortage of beer cans
Esma takes ‘pragmatic’ stance on Emir evasion
Esma seeks to apply Emir overseas only where EU-guaranteed financial entities trade under non-equivalent regimes – while corporates are given free rein
Australia mandates OTC clearing to ensure substituted compliance
Global regulatory agenda drives switch from market-based incentives to clearing
G-Sii proposals signal acceleration of plans for global capital standard
But concerns about disjointed global accounting standards
Asia slow to sign up to IGAs for Fatca implementation
US makes slow progress in signing up Asian states for Fatca IGAs
European power and gas liquidity hit by Mifid II fears
European energy traders say worries about the impact of Mifid II are chilling activity in longer-dated power and gas
Solvency II interim measures 'misaligned' and 'overly prescriptive' say insurers
Eiopa urged to rein in draft measures in responses to consultation
Firms seen upping surveillance and self-reporting after Ferc fines
Ferc penalties against Barclays and other banks expected to bolster compliance with market manipulation rules
Bribery laws pose compliance challenge for energy firms
Oil and gas firms still face compliance challenge from anti-bribery laws, despite court judgement against Dodd-Frank disclosure rules
Libor scandal makes it tougher to hire forex traders
Banks are staffing up for a livelier foreign exchange forwards market, but taint of Libor rigging is limiting pool of new traders
'Opaque and arbitrary' systemic risk methodology frustrates insurers
Designated insurers could come off G-Sii list when revised in 2014
CME confronts swap future tax fears
Some users of the CME contract have avoided taking delivery of an OTC swap over fears it would be taxed as a loan