News
Vickers implementation provokes operational risk concerns
Unanswered questions remain over the implementation of Vickers by 2019
Swiss structured products market boosted by the hunt for yield
Investors in Switzerland turn towards equity-linked products to beat fixed-income returns
Options clearing pushed to 2014 as solution search begins
As the search for a viable clearing mechanism for FX options begins, market participants suggest clearing won't begin before 2014
Liquidity fears temper uncleared margin proposals
Rules see two-way posting of initial margin, but apply threshold of €50 million in counterparty risk
First OTC clearing wave to catch 77 fund managers
List reveals 77 managers have funds that will be required to start clearing on March 11 - and dealers say up to a third are not ready to start
Remit definition of insider information “pretty obvious”, says Acer director
Pototschnig dismisses concerns of energy firms over European Regulation on Energy Market Integrity and Transparency
Mifid obstructing cloud computing at European banks
Vendor contracts may not be flexible enough to satisfy outsourcing rules
SEC scrutiny blamed for stifling active ETF market
Despite lifting a moratorium on reviewing actively managed ETFs that use derivatives, the US Securities and Exchange Commission still imposes long waiting periods on product approvals
Banks hunt for asset-backed securities as liquidity swap market stagnates
Lloyds Bank one of a number sourcing assets from smaller institutions to meet demand from insurers
OTC market will survive futurisation - Alliance Bernstein
Ability to customise hedges means swaps are still the best way to manage many exposures, conference told
RBI sees developing repo markets necessary in meeting Basel liquidity rules
India central bank views repo as an increasingly important market in the wake of Basel III implementation
Chinese equity derivatives master agreement close to being finalised
Securities firms in China have begun trading OTC equity derivatives, with a final master agreement expected soon
JSE eyes OTC market as it revamps futures clearer
South African futures CCP limits member liabilities
Esma chair hits back against regulatory overreach claims
Esma chairman Steven Maijoor denies the supervisor overstepped its authority when drafting clearing rules
Scandal-hit banks must 'stop the rot', says Iosco’s Wright
Finance industry needs to focus on behaviour, corporate governance and ethics, Iosco secretary general tells conference
Bank groups revise trading book counter-proposals
Industry associations seek to put banks in control of diversification treatment - but propose regulatory safeguards
RBS Libor fine confirms CFTC intent to police global markets
Hedge funds around the world need to take note of the recent fine imposed on Royal Bank of Scotland and the extraterritorial reach of the the US Commodity Futures Trading Commission.
‘Near-final’ margin rules to be issued within days, says Iosco chief
Secretary general of Iosco confirms that further work is needed to assess the economic impact of margin requirements for uncleared derivatives
Chilean insurers grapple with risk-based capital assessment
New framework will challenge domestic insurers, experts warn
Morgan Stanley loses head of commodity research
New York-based head of commodity research departs for Canadian pension fund
Changing hats – March 2013
Changing hats – March 2013
US tax proposal targets derivatives' 'phantom income'
A tax proposal from the US House of Representatives would raise taxes for individual investors on their derivatives holdings
Sommers blasts CFTC's approach to Dodd-Frank
Compliance timetable for new swap rules was too aggressive, says outgoing CFTC commissioner
Risk.net poll: Simpler Basel framework is needed
A majority of Risk.net readers think regulators should reduce complexity in the Basel framework, after a recent report shows wide variations in RWAs