News
Insurers call for more transparent infrastructure investments
Structuring and regulation of assets frustrating investment, say market participants
OpRisk Europe: Cyber attack a growing threat, panel agrees
Op risk head warns algo trading could be "another Libor situation"
OCC warns of cyber threat to community banks
Regulator tells community banks to ensure threat is fully understood
UK regulators plan to "hold individuals to account"
The FCA and PRA are toughening up their approved persons regime for senior execs, risk managers and traders
RBS job cuts: the beginning of the end for retail structured products?
With RBS pulling out of the retail structured products market, some in the industry are speculating about whether other investment banks will follow
Citi loses pan-Asian head of equity derivative and convertible sales
Nick Smith appointed as replacement
Quant Congress Europe: BM&F Bovespa uses close-out model to cut margin
Netting and optimal execution effects may help other CCPs reduce margin requirements, says NYU maths professor Marco Avellaneda
OpRisk Europe: 1,000-year standard is unreachable, Mignola says
ORX chairman says Basel II definition is fundamentally flawed
OpRisk Europe: Regulators should focus on management behaviour
Industry experts call for greater attention from regulators on the behaviour of senior executives
OpRisk Europe: Sigor review to repair credibility, Adachi says
Sigor chair says review focus will be on capital model credibility and comparability
Quant Congress Europe: Test models as you build them, says BAML expert
With the 'London Whale' modelling failures still casting a shadow over the industry, BAML model risk head advocates ongoing testing
OpRisk Europe: Regulators urge caution over simplifying op risk models
Banks should not abandon complex risk models just because they failed during the financial crisis, conference hears
OpRisk Europe: Banks rewarding restrained risk taking, conference hears
Heads of operational risk say banks aligning remuneration to risk objectives
CFTC's Chilton blasts exchanges on block thresholds
Commissioner says lowering futures block trade thresholds skirts the intent of Dodd-Frank
Quant Congress Europe: No consensus on FVA accounting
Industry undecided on whether own cost of funds or an industry average funding spread should be used
Quant Congress Europe: Quants “waiting for Godot” since crisis
Top Bank of America quant, Alex Lipton, says subject still needs overhaul
OpRisk Europe: CFTC must extend cross-border deadline, O'Malia says
CFTC commissioner warns lack of clear rules is "a major problem, nearly a crisis"
OTC volumes shrink as category two clearing begins in US
Clearing volumes dip as hundreds of new firms are caught by US clearing rules, but activity rebounded on June 11
Fears of disjointed regulation of systemically risky insurers grow
Harmonisation of US and global systemic risk frameworks needed as US proposes first Sifis, warns industry think tank
Bond investors attack design of new Tier I capital
Traditional bond buyers worry about tail risks in CRD IV-compliant capital instruments, but analysts are predicting up to €200 billion of issuance
AIFMD regulation more suitable for some strategy ETFs, says EC official
EC asset management head proposes regulation of some strategy ETFs under the Alternative Investment Fund Managers Directive, instead of Ucits
BNP Paribas launches three autocalls through new UK partnership with Sip Nordic
Sip Nordic is shaking up the UK retail market by adding BNP Paribas to its shortlist of 'preferred providers'. The partnership has just launched its first three products
European OTC client-clearing docs arrive after nine-month delay
Complete agreement proved impossible, but participants see new legal template as a good base for negotiations, Isda says
Fails could jump as category two clearing starts in US, FCMs warn
Hundreds more firms will be required to start clearing in the US today, and FCMs are warning there could be an increase in rejected trades as a result