News
European Parliament poised to defend corporate CVA exemption
The European Parliament is poised to defend a CVA exemption for trades with corporate and sovereign entities, as negotiations enter the final stages
Risk USA: Cross-border conflicts could leave firms unable to comply
Hedge fund CQS warns US persons definition will make compliance more difficult - or even impossible
Risk USA: CFTC should allow voice trading for Sefs, says Chilton
CFTC commissioner also hints that 15-second rule will be amended - and says final cross-border rules will include a new definition of ‘US person’
Judge tells jurors to be cautious about senior trader’s evidence in Adoboli trial
Jurors are warned by judge to be cautious about John Hughes's evidence on the final day of UBS trial
Risk USA: 'Futurisation' trend could hurt Sefs, says CFTC's Chilton
Sefs could lose out if OTC trading volumes move into listed products, says CFTC commissioner - but he is "comfortable" with decision to approve the CME's new swap future contract
Threat of downgrade hangs over North American power firms
Low natural gas prices, weak power demand and rising costs put pressure on credit ratings
Asia can ease collateral squeeze, says Clearstream chief
The global thirst for high grade collateral resulting from OTC clearing will require Asia playing a greater role in future, according to Jeffrey Tessler, chief executive of Clearstream
Impact on EUAs from back-loading will be muted, say analysts
European Commission proposes back-loading a larger volume of European Union Allowances than expected, yet analysts downplay price impact
Foreign commodity exporters to China seek RMB settlement after US fiscal cliff fears
Foreign commodity firms operating in China are settling via RMB in order to circumvent a potential weakening of the dollar
Risk USA: Buy-side firms rail against European short-selling bans
Rule changes have forced firms – including DE Shaw – to stop trading some equities and credit default swaps
Risk USA: Regulators called on to restrict loan modelling choices
Less modelling freedom makes sense, says loan data expert – and the alternatives would be far worse
Risk USA: "We needed to run a simpler bank," says UBS risk manager
Capital pressures that drove UBS out of fixed income could force other banks to follow suit, says market risk head – and names Société Générale and BNP Paribas as examples
Risk USA: Margin for OTC products is too high, says Pimco's De Leon
New rules would see OTC markets over-margined, while futures may be under-margined - and there could be systemic implications
Structured Products Europe: Prips scope could be extended, says EC official
European legislators are discussing the EC’s proposals on packaged retail investment products – and some believe the scope of the regulation should be extended
Jurors told to focus on the facts and not jargon in Adoboli trial
Judge continues summing up in UBS rogue-trading trial
Structured Products Europe: Investors unaware of regulatory improvements, say speakers
The supervision of structured products has improved in recent years, but investors aren’t aware of many of the changes, say conference speakers
Adoboli jury told to ignore prejudices against banks
Trial against ex-UBS trader draws to a close as judge begins summing up
People moves in energy markets
Trading positions
Commodity position limits cause Mifid II confusion
Commodity position limits cause Mifid II confusion
Mutuals warn of capital threat from UK 'twin peaks' regulation
Guidance needed on treatment of with-profits fund surpluses under new supervisory regime
CDS market faces iTraxx clearing obstacle
Restructuring credit events would cause non-clearable contracts to spin out of cleared index trades
Adoboli did not try to hide rogue trades, defence tells court in closing
Defence delivers closing statement in Adoboli trial
CFTC: fraud at Goldman Sachs caused $118 million loss
Accusations of fraud against a trader have parallels with Adoboli and Kerviel
New listings on Scoach reach highest level this year
New listings of structured products on Scoach in Switzerland are at their highest since January