News
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
DOL paves way for US pension funds to clear swaps
FCMs and pension funds welcome long-awaited Department of Labour advisory opinion
US politicians plot national impact study for Basel III
Basel III could face more delays in the US as legislators press for a national impact study
Little incentive for China to implement Fatca
The US is pushing to sign up as many countries as possible to an IGA, but for China signing an IGA appears less appealing
Vast majority of Meteor structured products pay out
Maturities from the past six months show that only three of Meteor's products did not result in a payout, with FTSE underlyings performing especially well
Insurers should stop using liquidity swaps - FSA
Companies should invest directly in long-term assets, says senior official
Basel II implementation in Vietnam by 2015 remains challenging
While the Vietnam regulator is consulting on setting up an asset management company to take on NPLs to help clean up domestic banks' balance sheets, slow progress is being made towards Basel II
Insurers raise fresh concerns over Solvency II phase-in
Instability of capital framework should be reflected in plans for soft-launch
Thailand backs cash equity CCP linkage model
Proposal for CCPs to act as clearing members for each other receives backing of Thai regulator
EU proposals give banks greater enforcement role, expert says
European Commission plans to expand anti-money laundering legislation
Revised LCR falls short on ending Basel III concerns over trade finance
The relaxation of Basel III’s liquidity coverage ratio (LCR) requirements have been a major boon to trade finance, a sector which expected to suffer badly from the new regulatory regime. But not all issues related to Basel III have been resolved
RBS fined $612 million for Libor rigging
RBS's head of investment banking arm to step down in wake of findings
People: Morgan Stanley announces cuts in equity and forex
Morgan Stanley cuts equity and forex derivatives staff
Proposed derivative restrictions for Singapore insurers to have a limited impact
New MAS proposals to unify investment guidelines for all insurers, and in doing so limit derivatives usage, will not affect existing investment policies for insurance firms
Hedge fund AUM hits $2.6 trillion in 2012
Hedge funds finished 2012 in positive territory, according to eVestment. Despite reports of investor dissatisfaction, performance contributed with $116.3 billion increasing overall AUM in 2012.
Parliament may decide not to reject Esma standards
Doubt cast over whether a motion to reject two Esma regulatory technical standards will survive a plenary vote on Thursday