News
Lloyds names new conduct and compliance head
Elderfield moves from Irish central bank
US funds fear inability to clear amortising swaps
A prohibition on taking cross-border risk could force some category two participants to stop trading amortising swaps from June 10
CNH Hibor fixing to spur interest rate swap market
Launch of the CNH Hibor to lead to an increase in CNH loans and hedging instruments such as floating rate notes and interest rate swaps
BNY Mellon announces eight new appointments
BNY Mellon has made several new hires across four businesses, including appointing Dean Sakati to head strategy for securities finance within global collateral services, and Mark Gonzalez as US chief operating officer for derivatives clearing services
Falling correlations could give hedge funds bumper returns
A fall in asset-to-asset correlations could mean a good year for many hedge fund strategies, even though volatility is expected to remain relatively low, according to research from Axioma
EU equivalence requirements set to hit trade with India
India has no plans to become an equivalent country under EU regulations on financial services. India’s decision is likely to foreshadow problems with other emerging countries trading with the EU
Banks fear loss of hedge accounting for CCP novations
Trades cleared voluntarily would not be protected by hedge accounting under IASB proposals
Standard formula’s treatment of long-term investments 'flawed'
Standard formula data sets and methodologies 'inappopriate' for securitised products and secured investments, warn experts
Merchant Capital structured product investors to pay up to £600 as Reyker takes over plan management
Merchant Capital structured products investors are due to be charged hefty fees at product maturity as custodian Reyker Securities takes over as plan manager.
Renminbi may never be fully liberalised, says GSAM’s O’Neill
As China relaxes controls on its currency, the yuan is set to become more widely used. However, government control is likely to be maintained. Full convertibility may never happen, says Jim O’Neill
Unprepared insurers delay South Africa's risk-based solvency regime
Third quantitative impact study and economic impact study to be launched later this year
US Orsa guidance insufficient, says expert
Compliance burden and thin guidance for US insurers a concern
Citi head of LNG origination departs
Rodney Malcolm replaced by Mike Curry, head of North American electricity sales
London Whale quant now working for Deutsche
Former top quant at JP Morgan's CIO, Patrick Hagan, now consulting on pricing models at Deutsche Bank
Isda AGM: Industry to address negative interest rates under CSA
Industry group will launch a best practice document confirming that negative interest rates apply under CSA
Isda AGM: Electronic trade confirms rising ahead of mandate
Survey finds more eligible OTC trades being confirmed electronically, and fewer trades left unconfirmed
Exchanges plan futures in response to RIN price surge
Exchanges plan futures in response to RIN price surge
EFG Private Bank hit by FCA’s first fine
Bank fined £4.2 million for failures in anti-money laundering controls
UK sees sharp rise in structured product complaints
Complaints about structured products were up by more than 1,500 in 2012 compared to the previous two years
FCA's Wheatley: structured products are “like spread bets on steroids”
UK regulator hits out at overly complex structured products
Evolution Markets opens Singapore coal desk
Hiemstra to lead new Asian office; EDF Trading hires power traders; Barclays loses head of commodity research; Vitol enters ag commodities; Davies leaves Trayport
Index roundup: Stoxx launches 3D printing index
Index roundup
Isda AGM: CCP ‘Armageddon’ could lead to sovereign default, warns HSBC exec
Single bank default could affect multiple CCPs, leading to crippling default contribution for existing members and a chain of bank failures