News
OTC Derivatives Clearing Summit: Bank examiners will push dealers away from bespoke trades, says Fed
Supervisors should ask dealers to prove they are favouring standardised products, says Fed official
OTC Derivatives Clearing Summit: SEC, Fed promise reform progress
Supervisors respond to buy-side fears of multiple regulatory masters
Fears volatile model warning indicators could lead to unjustified action
UK regulator urged to reconsider proposed early-warning indicators to reflect better changes in economic conditions and not penalise insurers’ de-risking strategies
Lack of CSAs restricts forex hedging options for Australian institutions
Returns for hedging via long-term cross-currency swaps are attractive, but few are able to do so because of the lack of credit support annexes in place
PineBridge appoints CIO for Mena and Turkey team
People moves
ACI to develop new spot FX standards
Industry association plans to complete project by year-end to bring greater clarity to the definition of spot FX across currencies and geographies
Low Brent creates window of opportunity for hedgers, say analysts
Brent crude oil offers a window for airlines and refiners to lock in prices, but opportunity won’t last forever, say analysts
IASB eases fears over hedge accounting for CCP novations
Standard-setter decides trades can still qualify for hedge accounting when voluntarily novated to a CCP, but experts warn wider stance on novation could cause trouble
SEC estimated value guidance causing concern among investors
Banks providing the estimated value of structured notes in accordance with SEC rules are facing questions from investors about the level of their estimates
Mandating clearing will have little impact on Australian market development
Australian regulators are looking at whether to mandate clearing of OTC derivatives, but the market is already moving to clear without a mandate in place
FX prime brokers forced to terminate double give-up trades
Prime brokers have had to cancel four-way agreements for trades involving two buy-side firms, on the basis that a no-action letter issued by the CFTC on April 30 did not cover this type of business
EC recognises member state fears that FTT will hurt clearing
Tax liability could send CCPs "directly into insolvency" warn Czech officials in leaked document
People: Regan quits Asia CRO role at JP Morgan
US bank loses new regional CRO after just three months; HSBC unifies inflation trading business under Mirfendereski; Min Park replaced at Credit Suisse; forex hires at Bank of Montreal
US securitisation groups seek clarity on June 10 clearing deadline
US clearing rules do not exempt SPVs, but industry is split on whether other exemptions - for unclearable swaps - would apply
Extraterritorial EU legislation likely to be ‘particularly onerous’ on Asia – Asifma
Extraterritorial aspects of European legislation such as Emir likely to be keenly felt by Asian firms, says Asifma
Photo gallery: Performance awards (over one year)
13th Annual European Single Manager Awards 2013
Photo gallery: Qualitative awards
13th Annual European Single Manager Awards 2013
Photo gallery: Emerging manager performance awards
13th Annual European Single Manager Awards 2013
Photo gallery: Long-term performance awards 2013
13th Annual European Single Manager Awards 2013
Photo gallery: Alternative Ucits performance awards
13th Annual European Single Manager Awards 2013
Banks urged to increase money laundering scrutiny of digital currency use
Charges of money laundering against Liberty Reserve is warning to banks
Fears tougher FCA Arrow visits will "distort banks' risk priorities"
UK regulator said to be losing focus during on-site visits
Ferc chief Wellinghoff to step down
Chairman who presided over more aggressive stance on power market manipulation to step down, agency says
Volcker: Regulatory split creates ‘indecision and stalemate’
Division of financial supervision among US agencies is impeding Dodd-Frank reforms, says ex-Fed chairman