News
Italian budget vote brings equity derivatives tax closer
Watered down proposals include equity derivatives to avoid creating loophole, experts say
Replacing VAR, OIS discounting and the future of quant finance – the top stories of 2012
The Basel Committee’s proposal to scrap VAR and the move to OIS discounting struck a chord with Risk.net readers in 2012
BoE will consult dealers over CCP risk standards
The Bank of England will listen to the views of the dealer community and other participants on CCP risk standards, says Schooling Latter
Fed promises dramatically tougher rules for non-US banks
Foreign banks in US must set up holding companies with ring-fenced capital
UBS hit by $1.5 billion fine for Libor rigging
Fine reveals further weaknesses in internal controls following rogue trading incident
Derivatives traders optimistic for 2013, according to Risk.net poll
Nearly two-thirds of respondents to a Risk.net survey think they’ll make more money from derivatives trading in 2013
'Uneconomic trading' at issue in Barclays power dispute
Barclays seeks to defend itself against power market manipulation allegations by contesting regulator’s pursuit of uneconomic trading
Insurers wrestle with Solvency II internal model change policies
Supervisors say existing guidance has yet to be tested and may not work
FASB to consider adding OIS rate as hedge accounting benchmark
Industry says action is imperative as hedges could be rendered ineffective by the market's switch to OIS discounting
BBA delays phase-out of some Libor rates after complaints
Less-used rates will be produced until May 2013
People: BNP Paribas loses key sales heads
People: BNP Paribas loses key sales heads
Mifid delays cause frustration in OTC markets
Delays from the Council of the European Union in finalising its stance on the Mifid review mean the crucial trilogue negotiations are unlikely to commence before the second quarter of 2013
LME hires senior executives for clearing effort
Citi swipes Ron Ruffini from Barclays; Gunvor appoints Julien La Chon as head of development for Asia; Koch Supply & Trading makes Rosario Sgarioto LNG head
Carbon price sinks as EU vote is delayed
The European Commission is proposing to cut the supply of European Union Allowances to bolster prices, but delays to the plan are causing prices to sink, reports Gillian Carr
Insurers pose less systemic risk than banks, shows study
Geneva Association research shows proposals for regulating systemically risky insurers are'misguided'
Insurance Risk North America: insurers behind on risk assessment framework for Orsa
Survey finds insurers still have significant work to do in order to meet 2015 Orsa deadline
Further longevity deals expected in 2013
More deals expected to take place in 2013, but complexity of transactions is expected to limit market growth
Asic to consult on trade repositories in first quarter 2013
The Australian securities regulator is looking to consult on its trade repository plans at the end of the first quarter, with an eye to implementing the regime later in the year
Chief of staff is latest to leave SEC
Didem Nisanci follows stream of departures from US regulator
Insurance Risk North America: Insurers must 'break addiction to policy guarantees' in low-rate environment
Lack of product innovation means not enough products work in the low interest rate environment, panellists complain
Asian currency hedgers to be hit by ‘fatal flaw’ in new accounting rules
A major change is needed to correct new hedge accounting rules, which could restrict derivatives use by Asian firms hedging their foreign currency exposures
Four of five largest Australian banks look to clear with LCH
LCH.Clearnet makes inroads into the domestic Australian market with its SwapClear service
Dealers seek second business conduct reprieve from CFTC
Less than 1% of counterparties are ready to trade under new regime. Non-compliant firms may be frozen out of the market, banks warn
Top 10 operational risks for 2013
Old and new dangers