News
Trading positions – August 2012
Energy Risk catches up with the latest appointments, promotions and departures in global commodity markets
Risk's 25th anniversary issue names 'Firms of the Future'
Looking ahead to a period of unprecedented change in derivatives markets, Risk's 25th anniversary issue has selected the companies it believes will do most to shape the future
SG's head of cross-asset private banking sales exits
Departure of Janice Yu from the French bank is latest example of consolidation in the Asian derivatives sector
Policy-makers urged to widen scope of matching adjustment 'for good of society'
Current proposals would transfer risk to consumers and increase price of guarantees, argues consultancy
Airlines face regulatory uncertainty in US-EU emissions standoff
Legislation that would stop US airlines from complying with the European Union’s Emissions Trading Scheme (EU ETS) survived a key vote in Congress this week, casting further doubt on the EU’s efforts to bring non-EU airlines into the ETS and creating…
Fatca reciprocity agreement may cause delays, experts warn
US firms expected to push back on Fatca quid pro quo
New Esma ETF guidelines change the rules on securities lending in favour of synthetics
The latest European Securities and Markets Authority guidelines for Ucits ETFs will make life more difficult for physically backed ETFs and point to a growing acceptance of synthetic funds
Rare Euro Stoxx 50 structured product launched in the UK
Eurostoxx 50 Supertracker offers UK structured product investors geared exposure to European equities
Tullett Prebon launches private equity hedge for Solvency II
Will reduce capital charge by at least 75%, inter-dealer broker claims
Growth in wealth products leaves China non-state banks exposed to liquidity risk
Smaller banks’ use of wealth management products to drive deposit bases poses liquidity and credit risk to broader sector
Some clarity on UK’s EMR but questions remain
UK energy companies have received clarity on some sections of the government's Electricity Market Reform but questions remain for other areas.
Relief for dealers as Basel reins in capital for cleared trades
Basel Committee addresses long-standing complaints over default fund exposures and client clearing
Concerns over reporting burden on groups of proposed framework for international supervision
Common framework could lead to conflicts with national regulations, experts warn, as consultation on proposals closes
Commodity alpha strategies suffer from surge in grain prices
Rising grain prices resulting from drought conditions in the US prompt unwinding of positions as banks work to add additional signals into alpha strategy algorithms
Exodus from Cargill’s Singapore operation
Entire palm and vegetable oil trading team exits trading house
Council proposal on life morbidity insurance threatens compromise on long-term guarantees
European Parliament concerned about proposal which could derail negotiations on Ommibus II, warns Econ committee chair Bowles
Indian corporates head for forex options markets as rupee volatility continues
Indian firms move away from using forwards in a bid to grab upside benefits of future rupee appreciation
Standard formula ‘an inadequate risk measure’ for high-risk bonds
Eiopa urged to adjust bond SCR as study by Edhec Business School suggests Solvency II could discourage insurers from long-term bond investment
Mirae Asset Global Investments loses head of ETF business
Korean asset manager undecided on whether to replace Roger Liu
Germany may ditch Fatca if reciprocity agreement not honoured, experts warn
Germany may back away from Fatca if the US is not able to honour an agreement to reciprocate, market participants say
Asia CCPs unlikely to fully comply with Iosco before end-of-2012 deadline
New levels of complexity and ongoing regulatory framework discussions mean full compliance with Iosco’s new principles is unlikely before the January 1, 2013 deadline
Bank of Thailand concerned over ‘unintended consequences’ of Basel III
Thailand joins the Philippines and India in introducing Basel III capital adequacy requirements ahead of schedule but doubts remain over some aspects of the accord
Banks will struggle to fill top quant roles, says Andreasen
Jesper Andreasen slams new generation of quants as indoctrinated "muppets", incapable of independent thought
UBI sells strategy-based products to retail in Italy for the first time
UBI sells strategy-based products to retail in Italy for the first time