News
Adoboli faces sentence for three years of fraud
Rogue trader guilty of fraud but not of false accounting
Adoboli guilty of fraud
Verdict returned on one of six charges - other verdicts expected later today
RMB controls stifling iron ore swap market participation in China
Inability to convert RMB is preventing more participation from Chinese end-users in the iron ore swaps market, according to an onshore metals derivatives player
Raft of changes could shrink Basel III liquidity buffers
Basel Committee estimates liquid asset shortfall could be cut by 14% if a menu of potential changes is adopted
Deutsche Bank makes switch to physical ETFs as investors shun synthetics
Deutsche Bank joins the trend for ETFs backed by real assets
BIS’s Caruana warns of low interest rates risk
Jaime Caruana says low interest rates have created a ‘first-mover disadvantage’ that prevents rates rising and could fuel financial instability
Calls for better modelling of business interruption losses following Hurricane Sandy
Contingent business interruption models beginning to emerge, but data a challenge
US and China could play ‘fiscal chicken’ under Fatca, expert warns
China's absence from IGA negotiations could mean a standoff once withholding starts
Confirmation of US Treasury FX exemption brings relief to FX dealers
After two years of consideration, the US Treasury confirmed its decision to exempt forex swaps and forwards from mandatory clearing and exchange trading on Friday evening
Non-financial corporate bonds: the future for structured products?
Using non-financial corporate bonds instead of bank bonds to underpin structured products could encourage more investors to consider them, as it would help diversify the counterparty risk within a portfolio, say industry participants
Australian banks well placed to meet new Apra liquidity reporting standard
Tougher liquidity reporting standards imposed by the Australian regulator won't be a problem for the country's four main banks
On the move
On the move
Risk USA: Citi hopes to revive crisis derivatives product as ETF
Liquidity hedge plan was shelved after Risk article generated criticism. Now it's back, but as an exchange-traded fund
Structured Products Europe: Vanguard's emerging markets switch highlights the need to scrutinise index constituents, say speakers
Vanguard's replacement of an MSCI index with a FTSE index as the underlying for emerging markets exchange-traded fund should remind investors to look carefully at underlying constituents, hears conference
Report blames Corzine’s strategy for MF Global collapse
Chief executive of collapsed broker at fault for risky strategy that destroyed company, House subcommittee says
Structured products market in Greece stabilises ahead of debt sustainability talks
Investors in Greece appear calmer than in May and June, when fears of currency redenomination saw structured product sales surge
CFTC clarification on physical gas deals welcomed
CFTC answers concerns over treatment of physical gas storage and transportation agreements under Dodd-Frank
Dealers working to keep Asian entities outside Dodd-Frank
As the CFTC prepares to finalise its rules on extraterritoriality, some firms in Asia are working to minimise the impact on non-US entities
Calls for Eiopa to clarify non-life cat SCR technical specifications
Specifications unclear on premium volume definition for risk-factor calculation, say actuaries
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