News
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
Ice blames SEC as it drops single-name CDS clearing plans
Firms that trade index and single-name CDSs will see margin requirements increase
MAS warns on fragmented clearing and reporting
Asian financial markets have made progress in setting up CCPs and trade repositories, but greater harmonisation is needed across borders, Singaporean regulator warns
Singapore eyes regional hub status for offshore RMB
Addressing ACI Congress delegates, deputy prime minister and chairman of the Monetary Authority of Singapore talks up Singapore's ability to facilitate the growth of renminbi trading outside China
CFTC's O'Malia: No progress on Sef rules in past two weeks
Mid-April next window for vote, but no reason for optimism, says CFTC commissioner
Goldman Sachs and Citi aim to keep up with retail demand as equities surge
The rally in equity markets is shifting demand to principal-at-risk structured products, say US banks
JP Morgan manipulated VAR and CRM models at London whale unit - Senate report
Trading book capital measures were at heart of efforts to free up traders and reduce capital
Exchange consolidation in Asia making trading technology vulnerable to failure
Competition among exchanges in Japan is necessary to prevent systems outages such as those in the Osaka Securities Exchange earlier this month
Risk & Return Cape Town: Treasury official calls for clarity on CCP equivalence
Lack of clarity on CCP equivalency leaves South African rules in limbo, says National Treasury's Natalie Labuschagne
Risk & Return Cape Town: Dealers expect deviation from NSFR standard
Bankers say some local markets may be forced to deviate from the NSFR standard – that’s if the Basel Committee decides to go ahead with it at all
StanChart credit head describes ‘horrific’ loss of regulators’ trust
Banks must repair relationships with regulators, Scanlon says
JP Morgan creates regional CRO roles
Europe and Asia operations get their own chief risk officers