News
LGT Capital Partners opens China office
People moves
Evolution Markets creates Singapore physical coal desk
Evolution Markets is latest firm to ramp up efforts brokering coal cargoes in Asia
New clearing rules have already been broken, FCMs say
Some client trades have not been cleared within 60 seconds
Credit Suisse’s head of Asia equity derivatives sales retires
Min Park, regional head of equity derivatives and convertibles sales, is retiring from his role at Credit Suisse
Mariner picks ex-BlackRock rates head for macro strategy
Eric Pellicciaro, the former head of global rates investments at BlackRock, will manage a global macro portfolio for Mariner’s newly launched incubation fund
Nasdaq OMX to launch FX clearing in November
Stockholm-based clearing house becomes the latest to announce its intention to enter the forex space
US foreign bank plans threaten bail-in system, says Finma
Cross-border resolution could be harder under US-style capital and liquidity plans, says Finma's head of bank supervision
SEC forces Ice into single-name CDS clearing U-turn
Clearing house has been told its own rules prevent it from shelving buy-side clearing for single-name CDS contracts
Uncleared margin rules could hold back new CSA adoption
New proposals on the margining of uncleared derivatives trades could dampen take-up of the standard CSA
Markit and Traiana prepare for clearing hub showdown
Two firms now testing central credit-checking service
United Arab Emirates amends rules on private placement of hedge funds
UAE rules have changed to exempt registration for private placement of foreign funds, overturning regulations adopted in 2012 that lengthened the process of offering hedge funds to local investors
Lloyd’s insurers challenged by internal model change policies
Questions on parameterisation remain unanswered by European rule-makers
Lack of regulatory clarity hampering PRA code of conduct
Price reporting agencies expect to release updated industry code of conduct shortly, but warn regulatory uncertainty could delay their efforts
Allianz leads German insurers in guarantees shake-up
Insurers developing new products to reduce exposure to low rates
Basel Committee secretary-general to head Australian regulator
Wayne Byres is set to become chairman of the Australian Prudential Regulation Authority when his term as secretary-general of the Basel Committee on Banking Supervision ends
Hedge fund managers challenged to provide investor solutions, not products
Hedge funds are under pressure to differentiate and explain their worth concludes a survey by SEI. Managers need to work with investors to find portfolio solutions rather than offer products
Commodity trader CF Partners launches first hedge fund
CF Partners, active in the commodities market since 2006, has launched a long/short equity hedge fund after hiring Alvaro Ventosa from Spanish fund manager Cygnus Asset Management
Energy firms struggle to meet Dodd-Frank reporting deadline
With Dodd-Frank reporting and record-keeping rules set to come into effect on April 10, energy companies worry they won’t be ready in time
Rolling spot faces inclusion in Dodd-Frank
Forex spot is expected to be exempt from US clearing and exchange trading rules, but rolling spot could be classified as a CFD and so be included within the scope of Dodd-Frank
People: JP Morgan creates regional CRO roles
Credit portfolio manager, Holderness, to be CRO for Europe; Lloyds lands Coutte to head rates; inflation market veteran Mirfendereski takes rates strategy role at HSBC; promotion for Miell at BGC Partners; Citi loses head of European OTC clearing
English court decision highlights difference with Cayman law
Derivative claims are a way for fund investors to sue a fund’s manager. A recent English court decision highlights the contrast between limited partnership derivative claims in England and in Cayman
Extensive reporting guidelines in Solvency II interim measures 'will challenge insurers'
Eiopa says measures will help supervisors and insurers prepare for Solvency II
Asia corporates unfairly ‘penalised’ by CVA capital charge
The move by European authorities to exempt European banks from holding CVA capital should be matched by regulators in Asia, according to senior bankers in the region
Bloomberg may set up futures exchange
Trading venue looks to hedge its bets if it fails to close the margin gap between OTC swaps and futures