News
Reverse convertible investors face soaring tax bills under new approach to tax reporting
Treating certain structured products as 'single income-bearing derivative contracts' could double some investors' tax bill, but the trend appears to be taking hold in the US
Risk Annual Summit: CVA exemptions could backfire, panel warns
Hedges will attract capital instead of providing capital relief, argues Citi exec
Hunter ruling may slow Ferc’s anti-manipulation push
A court decides the US Federal Energy Regulatory Commission overstepped its authority in trying to prosecute manipulation in natural gas futures - a ruling with implications for other cases
OpRisk North America: Billion dollar losses are the result of op risk failure
A rising tide of billion dollar losses, penalties and writedowns are a consequence of years of hubris, UBS's Julian Fry says
OpRisk North America: Risk managers must fight herd mentality, Sexton warns
Keynote speaker highlights dangers of group-think
OpRisk North America: Reputational risk impossible to quantify, conference hears
Defining reputational risk still a challenge for risk managers, panel says
Risk Annual Summit: Basel ‘caved in’ on LCR, says German regulator
Bafin liquidity expert tells conference that national concerns and industry pressure caused LCR rewrite
Solvency II equivalence rules must not threaten European insurers - Skinner
Rules must not cause 'ill effects' to firms with international business, warns senior MEP
US insurers expect less benefit from Orsa than European firms
European life insurers are particularly challenged by Orsa implementation, finds survey
People: Citi axes role of Asia structured products head
Harold Kim mulling other opportunities at the bank; Cantor Fitzgerald expands fixed income sales team; StanChart hires head of global investor coverage; Grundmann joins JP Morgan; DiBacco gets new role at Getco; RBC Investor Services CEO bids farewell
Risk Annual Summit: Banking union set for mid-2014, says ECB
National supervisors made “gigantic mistakes”, says ECB's financial stability head
Hermes makes first hedge fund acceleration investment
Hermes has partnered with private equity company Northern Lights Capital Group to create an acceleration capital fund. Its first investment is in a credit long/short fund run by US-based Taurasi
OpRisk North America: Regulatory bloat is a distraction, panel says
Vast quantities of new regulations are swamping banks' ability to deal with the real sources of risk, conference hears
Insurers eye longevity risk trades with Canadian and Dutch pension schemes
Influx of new swap intermediaries and improved risk modelling to spur expansion
SAC Capital’s record fine is warning to hedge funds
Hedge funds to review procedures and systems following SAC's $614 million fine
OpRisk North America: Sandy focuses attention on business continuity
Speakers highlight business continuity issues as key to survival
Rabobank pulls plug on equity derivatives business
Bank has not decided whether to sell its book to other dealers
OpRisk North America: Confusion remains between trading book and banking book definitions
International definitions of banks' trading book and banking book still woolly, keynote speaker Charles Taylor tells conference
JSCC to start client clearing by March 2014
Japan’s over-the-counter derivatives clearing house will soon allow member banks to offer client clearing and it also plans to merge with another domestic clearing house, according to a senior official.
AIFM directive unlikely to cause significant changes in Cayman
The Cayman Islands Monetary Authority has opened negotiations with Esma on a co-operation agreement on the EU’s AIFM directive. Separately, its consultation on hedge fund directorships has closed
UniCredit hit by ‘dangerous’ ruling in Russian swap dispute
Court sets "dangerous precedent" in allowing local corporate to walk away from swap without compensating UniCredit
Higher Basel III pricing deters Asian banks from issuing new Tier II capital
Banks issued debt before the end-of-2012 deadline for Basel II capital, lessening their refinancing requirements for this year
Concerns over high-frequency trading overstated, says Australian regulator
Asic less concerned with high-frequency trading but is clamping down on dark pool operators
Securitisation touted as answer to '€4 trillion' funding gap
Securitisation industry group claims Europe faces big financing shortfall – and pushes securitisation as the answer