News
OpRisk Asia: Loss data collection faces pitfalls, panel warns
Loss data is vital to op risk management - but the process is flawed and uncertain, Singapore conference hears
FCA to scrutinise funds' op risk, expert warns
EU Alternative Investment Fund Managers Directive requires greater formality over op risk
Increased activity in coking coal spot trade raises hopes of a swaps market
The stalled coking coal swaps market may benefit from increasing spot coking coal trade, with more players reportedly belatedly switching over to shorter-term pricing contracts
FCMs split over capital for client clearing promises
Some banks believe capital is - or will be - needed to support guarantees to clients
Sefs worry MAT rules will create ‘race to the bottom’
Tradeweb and other would-be Sefs say they have been given too much power to decide which swaps are mandated to trade on platforms
Risk China: PBoC needs to 'adhere to stability' in managing liquidity risk
China central bank "blind" to potential capital market reaction in its attempts to clamp down on the shadow banking sector
Standardised global regulatory approach creates concentration risk
Current regulatory approach makes further financial crises as "certain as the amen in the church"
Solvency II volatility balancer ‘will fail to immunise insurers’
Calls for new dampener on capital requirements amid disagreement over Eiopa’s figures
OpRisk Asia: Remuneration and evaluations not the whole answer on culture
Culture is a priority for op risk managers – but the tools needed remain elusive
OpRisk Asia: Companies must keep IT up to date
Internal and external IT risks are often the result of companies falling behind, conference told
OpRisk Asia: Business continuity more vital than ever, conference hears
Lean banks and financial institutions are more fragile in the face of disaster, warns Nomura business continuity head
Lack of cross-border clarity could be threat to US, says CFTC’s Wetjen
Key CFTC ruling on scope of Dodd-Frank will arrive "very, very close" to July 12 expiry of current exemptive relief, Wetjen warns - and may not be finalised before that date
US power traders expect rebound in hedging activity
Power hedging activity could increase with rising prices and greater regional variation across the US
German insurers turn to CPPI and volatility control to back new guaranteed policies
Ergo dynamic hybrid product leads new wave
Investors await action on Reyker plan management charges
Investors in the dark about action on Reyker plan management charges
Agency brokers ‘encouraged’ by CFTC response to concerns
Lobbyists are hopeful a resolution will be reached to their concerns over external business conduct rules that have forced agencies to retreat from FX derivatives
PRA reserves right to review internal models after Icas+ approval
Entry requirments for transitional regime will be high, says PRA official
Indian accounting rules shield corporates from forex losses
Despite sharp falls in the value of the rupee and large dollar-denominated loan exposures, Indian corporates are not feeling the effect on their balance sheets
Substituted compliance requires global oversight, warns Iosco’s Wright
Substituted compliance unlikely to work without a global body to settle disputes, says Iosco secretary-general
Debut retail structured product from HQX pays 9% and issued by SG
UK distributor launches first public offering: an income plan with Société Générale as the counterparty
NAIC warns against Federal Insurance Office 'mission creep'
FIO must not become an insurance regulator, says NAIC chief
Bernard Rogier joins UBS as head of structured pricing
Rogier joins UBS to head structured pricing
Eiopa ‘politically naive’ to scrap national vetoes on long-term guarantees package
Agreement on Omnibus II more difficult if opt-outs removed, warn experts
CVA exemption ignored in UK's capital shortfall exercise
Risk-weighted assets at Royal Bank of Scotland would have been £36 billion lower if exemption agreed earlier this year had been recognised