News
Designation of systemically important insurers hit by delay
Publication of list pushed back from April
Bloomberg threatens to sue CFTC over swap futures margin
Futurisation sparks struggle between exchanges and Sefs. Bloomberg fears "irreversible harm"
Metro Bank appoints chief risk officer
Aileen Gillan replaces Mike Hudson as CRO
Risk Johannesburg: OTC data fragmentation prompts concern
South Africa's financial stability head warns it will be difficult to make use of data spread across multiple repositories – but South Africa may still set up its own database for rand-denominated trades
Hedge funds fall short on compliance
Operational due diligence analysts find more red flags in hedge funds’ compliance and regulatory functions than any other area
Berkovitz leaves CFTC
CFTC veteran legal counsel to depart end of March
Uncertainty over Emir may force European banks from some Asia OTC markets
The deadline is approaching for regulators to establish what European banks can clear and where on Asian CCP platforms ahead of OTC market standards going live from March 15
Swap futures margins may be underestimating risk exposures
A difference in margin approach between swaps and futures may mean the latter are not assessed on their level of riskiness
Regulatory certainty required for Basel III bond uptake in India
Indian banks are in need of regulatory compliant capital instruments – but domestic investors are wary
SEC's last-minute CDS margin fix sparks buy-side anger
Stop-gap margin solution would force most firms to post twice as much collateral as CCP members
FSA secures 23rd insider dealing conviction
Former futures trader sentenced to four years in prison
UK chief medical officer highlights infection risk
Drug-resistant disease "is one of the greatest threats that we face today", Davies warns
European financial regulators challenge Eiopa on harmonised response to low interest rates
Regulatory solutions 'must account for local conditions', they say
Insurers struggle with ‘ambiguous’ technical specifications for long-term guarantees exercise
Difficulty interpreting rules threatens usefulness of results to policy-makers
Thai equity derivatives market to double
Demand from corporate and private bank investors to drive growth in Thai structured product market
China introduces registration for hedge funds
Amendments to China's Securities Investment Funds Law, effective from June 2013, will for the first time recognise hedge funds. This could lead to the establishment of a Chinese hedge fund industry
Falling correlations signal better times for equity long/short hedge funds
Analysis from JP Morgan shows strong relationship between intra-stock correlation and equity long/short hedge fund returns
Coleman leaves New York Fed
Head of op risk leaves US regulator
New York Fed demands better management of FX risks
Greater use of capital and collateral to mitigate all risks relating to foreign exchange trading is crucial, warns head of financial market infrastructure at the New York Fed
Barclays appoints chief operations and technology officer
New role created by strategic review
Mooted VAR substitute cannot be back-tested, says top quant
Basel Committee should stick with VAR, argues Paul Embrechts of ETH Zürich
Lansdowne's Ruddock to depart; DE Shaw gains two
The latest appointments within hedge funds and funds of hedge funds as well as related service industries.
Commission's Van Hulle to be succeeded by procurement lawyer
European Commission confirms new head of insurance and pensions unit
SEC slammed for CDS cross-margin hurdle
CDS users face collateral hike because SEC rule means clearing members are not yet able to offer CDS cross-margining to their clients – but there are hopes of a last-minute exemption