News
Matching adjustment ring-fencing provisions ‘a threat’ to mutual insurers
Provisions would prevent common funds structures and reduce diversification benefits, say insurers
Financial transaction tax could raise energy company hedging costs
FTT will increase hedging costs for energy companies and deter them from trading with financial counterparties, firms say
Korean regulator allows synthetic ETFs
Issuance of South Korean ETFs to remain largely from local managers despite changes to allow synthetic ETFs
Principal muscles into FoHF sector with Liongate stake
US asset manager Principal Global Investors acquires majority stake in FoHF manager as traditional distributors move into the struggling sector
Europe edges towards three-pronged CVA exemption
CRD IV set to exempt trades with corporates, sovereigns and pension funds
Newedge to offer OTC clearing in Asia
Broker seeks to broaden its Asia offering by adding OTC IRS clearing in Singapore
CFTC's Gensler: Industry is ready for March 11 clearing deadline
Preparations are "running very smoothly" says CFTC chairman, ahead of first clearing deadline
Prospectus Directive consultation: ‘Comprehensibility’ concerns top the agenda
Prospectuses for retail structured products should not be ‘legalistic’ or ‘overly mathematical’, says the UK Listings Authority, but can include payout formulae presented algebraically and examples to explain complex securities. It is perhaps no wonder…
Esma urged to flesh out trade reporting rules
The first mandatory reporting requirements in Europe could begin in July, but more detail is needed on how the system will work, market participants say
Goldman Sachs angling for retail wallets in latest deal
Bank partners with online platform to bring its structured products directly into the hands of independent advisers
Active funds list causes furore
Listed firms complain about breach of confidentiality – others say they are victim of human error – after Risk publishes list of fund managers that face March 11 clearing deadline
US agencies "extremely focused" on Volcker rule, says Dept of Treasury
Overseer of Volcker rule work says five US agencies should produce a single rule – and are not planning to harmonise it with Europe's ring-fencing proposals
FSA ramps up insurer Arrow visits
UK regulator 'refocusing resources on insurance sector'
People: Bailey to be first head of the PRA
Bank of England veteran lands top job at new UK prudential regulator; Kengeter leaves UBS; Getco names new management team; Goldman forex head departs; LCH.Clearnet names new US chief exec
Platts and Shell seek support for competing Brent crude reforms
Oil major Shell and price reporting agency Platts offer rival plans to fix market distortions in Brent crude oil
NZX to launch equity derivatives market
New Zealand Stock Exchange to launch equity derivatives to meet demand for hedging instruments
Thailand insurers shun interest rate derivatives for RBC liability hedging
Derivatives and structured products remain unpopular with Thai insurers looking to hedge their liabilities following the introduction of a risk-based capital framework
Euro's future unaffected by turmoil in Italy, say panellists
The results of Italy's election may have created uncertainty, but the eurozone's future remains intact, according to speakers at the FX Invest Europe conference
Italian anti-austerity vote could halt structured products revival, fear providers
Despite strong growth in Italy's structured products market last year, bankers say the mood has quickly turned conservative following the elections this week
China to get its first Euro Stoxx 50 ETF
Stoxx has licensed the Euro stoxx 50 to China Universal for an ETF, marking the first of its kind in the country
Gensler: OIS rate could be replacement for Libor
New benchmark must be based on "facts, not fiction", says CFTC chairman
EU bonus cap doubted by industry experts
1:2 maximum is "poorly thought through"
China shows signs that it is moving towards opening to hedge funds
China is showing encouraging signs that it is willing to open its market to foreign investors and funds. Hedge funds are still excluded from the market but steps are being taken in the right direction.
ASX to use cross-margining efficiencies in battle for Australia clearing market
Australian domestic clearing house hoping to use lower margin costs as a means to win market share