News
Isda AGM: Closer international co-ordination needed, says MAS’s Ng
The potential for conflicting regulations could hamper cross-border trades, warns MAS official
Isda AGM: Template for standardised interest rate swaps launched
Isda and Sifma jointly unveil market-agreed coupon standardised interest rate swaps
Canellos and Ceresney named co-directors of SEC enforcement division
Pair replace previous director Robert Khuzami
‘Prescriptive’ ComFrame criticised by American insurance industry
Fears that global cooperation and coordination initiative is evolving into strict regulatory regime
Tough stance on insider trading at hedge funds getting results
David Kirk, the UK Financial Conduct Authority’s chief criminal counsel, says "dubious trading activity" has fallen by 50% in three years as FCA vows to continue crackdown on hedge fund traders
US warns EU over financial transaction tax
The US will not allow the EU financial transaction tax to happen, according to the head of US Chamber of Commerce Thomas Donohue. Co-ordination between G-20 countries on financial regulation is needed
Isda AGM: Asia clearing houses to dominate, says survey
Many derivatives users in Asia expect to clear through local CCPs, creating the potential for liquidity fragmentation and higher costs
CFTC’s Gensler defends long arm of Dodd-Frank
CFTC chair says "it is critical" that US rules apply overseas, in article for Banque de France stability review
Higher capital not fines, says RBS Americas head of op risk
Higher capital requirements would incentivise banks to fix their problems more than fines, says Craig Spielmann at RBS
FCA sets thresholds for regulatory failure
Slip-ups resulting in more than £30m losses will merit investigation, UK regulator says
Finance ministers warn US on extraterritoriality
Letter to US Treasury secretary says OTC rules should be applied within national borders only. Signatories include French, German, UK finance ministers
Energy firms give mixed response to Dodd-Frank swap reporting delay
Dodd-Frank delay gets mixed response from energy firms
Standardised OTC swaps to launch within weeks
Isda-Sifma working group discussions continue but trueEX prepares to list OTC swaps with standard coupons and IMM dates
OpRisk North America 2013: video
Highlights from this year's OpRisk North America conference
Pressure grows for US to copy EU’s CVA exemption
Bill calls for FSOC to analyse impact on US of EU exemption as corporates press for a carve-out
Prosecutions of senior executives ‘unlikely’ after crisis
Managers could argue they faced difficult market conditions, industry expert says
Institutions overtake retail structured product investors as dominant source of Japan equity option flow
The recent rise in Japan’s equity markets have seen macro hedge funds and asset managers overtake the retail structured product investors as the dominant source of flow on Nikkei and Topix options
Van Hulle: Long-term investment agenda must not side-track Solvency II
Political focus on promoting long-term finance could be detrimental to insurance industry, warns European Commission's former Solvency II leader
US banks wary of disclosing fair value for structured notes
Correspondence shows several large Wall Street banks expressed reservations to the SEC about enhancing disclosure around their structured products
IMF's Blanchard warns Europe could drag world economy down
IMF chief economist says ‘three-speed’ global economy could be dangerous
Fed demands more detailed living wills
Cross-border issues added to 2013 living will requirements
Icap: Sefs could lead to ‘sub-optimal hedging’
Moving NDFs to trade on Sefs could mean less hedging at longer end of the curve, says senior executive at Icap
Changing hats – May 2013
Changing hats – May 2013