News
CME launches three-year CNH futures contract to meet dim sum bond hedging demand
CME to offer CNH futures from February 25; becomes second provider after HKEx launched CNH futures contract last September
Basel RWA review said to show banks 'many multiples' apart
Regulators are bracing for fresh criticism of bank capital modelling, say industry sources
Concerns remain over contingent capital, legal experts warn
CoCo bonds continue to provoke concern, despite clear investor appetite
Obama appoints White as head of SEC
Mary Jo White to replace Elisse Walter, following Schapiro’s resignation in December 2012
CBU director of policy to quit FSA
Sheila Nicoll to leave in April when the FSA transitions to the FCA
Global margin standards face further delays
Proposals to collateralise non-centrally cleared derivatives could now be subject to further consultation and impact assessment, having missed the original end-of-2012 deadline
New risk-free rate calculation for long-term guarantees test
Higher credit risk adjustment to reflect current market conditions
Insurers to chase liquidity premium in 2013 – BlackRock
Exposure to collateralised loan obligations, infrastructure finance and high-yielding bank loans set to increase
EU Parliament poised to reject two Esma technical standards on OTC derivatives
Parliament is unhappy with the treatment of corporate end-users, and could require Esma to redraft standards
Iosco-SEC spat dims hopes of new regulatory framework
SEC slaps down Iosco report, undermining hopes for a new approach to cross-border regulation
Diapason launches hedge fund strategy playing energy arbitrage opportunities in liquid futures
Independent commodity asset manager Diapason Commodities Management is launching a hedge fund trading spreads between commodity future contracts using a proprietary model of the refining industry.
Philippine central bank NDF curbs won’t stop peso appreciation
Attempts by the Philippine central bank to curb increases in the value of the local currency won't work, according to market observers
SEC names market intelligence head
Vincente Martinez returns to succeed Sporkin
Exchange-traded products expected to benefit from increased risk appetite
Exchange-traded products expected to benefit from increased risk appetite
Omnium distribution platform suited to life under RDR, says Meteor
No commission for IFAs enables new platform for Meteor
NAIC appoints new chief executive
Former Nebraska senator to lead US regulatory body
Egan-Jones becomes first rating agency to be barred by SEC
Smaller agency blocked from rating ABS and sovereign debt
Insurers to target export finance loans as banks withdraw
Sovereign-guaranteed loans provide yield boost for insurers
European swap margin rules won’t be retroactive, says Esma
Trades will not become subject to initial margin rules part-way through their life, rule-making body tells Risk
COO at Barclays Wealth leaves following critical report
Andrew Tinney resigns after suppressing unflattering report into Barclays Wealth culture
Peter Rading exits RBS
Co-head of fixed income, currencies and commodities and global trading is leaving RBS after 22 years
Ex-Citadel managing director's structured credit hedge fund secures seed deal
Grosvenor Capital Management has committed $85 million in seed capital for a structured credit hedge fund started by a group of former Citadel executives.
Final Fatca regulations fail to include draft FFI agreement
Hotly anticipated final Fatca regulations leave industry disappointed and without an agreement for non-IGA FFIs
BoE's Haldane says UK could help redefine global banking rules
Andrew Haldane says UK is in a position to lead with fixes to Basel III, tightening remuneration policies and removing barriers to bank account switching