News
Beware attempts to reduce tail-risk hedge costs, says Rattray
The cost of systematic tail-risk hedging strategies may be high, but market participants should be wary of trying to reduce the costs by adding discretionary positions, says Vix co-inventor
People: Nomura hires Cottle as EMEA fixed income chief
Latest in series of fixed income moves at Nomura as Cottle joins to head up European fixed income; new Barclays chief executive is retail banker; UBS creates CRO job for Asia-Pacific investment banking; new fixed income and credit heads for the Americas…
UK parliament renews pressure on Barclays tax avoidance
Tyrie calls for more action on tax schemes
SG launches first structured product under Singapore’s revamped regulatory regime
French investment bank becomes the first player to meet the Monetary Authority of Singapore heightened standards for structured product issuance in the city-state
Ban on SPV-issued structured products will ‘prevent regulatory arbitrage'
A proposed ban on the promotion of Unregulated Collective Investment Schemes and ‘similar products', drafted by the UK's Financial Services Authority, will include some structured products issued by special purpose vehicles
Regulation to hit bank profitability - Risk survey
Dealers expect new rules to hit the profitability of their business, but fewer expect to be able to pass the costs along – and more are anticipating a big drop in OTC trading volumes
Bank incentives called into question over mis-selling
Mis-selling in banks requires a cultural shift, chief executive says in response to FSA report
Trading positions: September 2012
Energy Risk catches up with the latest appointments, promotions and departures in global commodity markets
US ban on crude exports receives fresh scrutiny
Old US ban on crude exports receives fresh scrutiny
Hedging drives demand for Japan dividend futures
Moves by Japan structured product dealers to hedge out their long vega risk have created opportunities in the dividend swap markets for investors. But is this strategy really a one-way bet?
BNP Paribas launches Smart Derivatives trading platform
BNP Paribas launches Smart Derivatives trading platform
People: Deutsche Bank hires Houari to head equities structuring
Houari touches down at Deutsche
Sefs hit by Dodd-Frank disclosure rules
New trading platforms must enable dealers to make pre-trade disclosures – but industry doesn't know what information needs to be provided
Stiff competition in US ETF market forces closure of 40 funds
The big three providers in the US ETF market are consolidating their market share, while smaller firms are struggling
Latest delay to key Solvency II vote 'could threaten agreement on Omnibus II'
European Parliament plenary vote on Omnibus II will take place on November 20
Retail structured products pose systemic risk, concludes report
Retail structured products pose systemic risk, concludes report
RMB is gaining traction with corporates, Deutsche survey finds
Smaller companies can realise savings of nearly 5% when dealing with Chinese businesses by transacting in renminbi, says Deutsche Bank
UBS creates new chief risk officer role for Asia-Pacific
Hong Kong-based arm of the Swiss bank beefs up its Asia risk management capability
Industry split over Basel trading book review
Comment period ends on September 7, but banks are struggling to find common ground
Senior insurance executives do not understand economic capital models, KPMG survey finds
Ineffective use of economic capital frameworks 'could obscure true risk profile of firm'
Australia and EU carbon schemes to be linked, Australian carbon floor price dropped
Australia and the EU have made plans to link their carbon trading scheme from 2015 and Australia will drop its controversial carbon floor price.
UK banks reveal size of eurozone funding gaps
Banks reduce cross-border funding of peripheral eurozone assets in an attempt to mitigate redenomination risk - but funding gap still tops £10 billion for Spain
Barclays appoints new chief as bank faces two SFO investigations
Jenkins takes over at bank under scrutiny for Qatari fundraising and Libor rigging
Eurex looking to clear OTC derivatives from Asian clients within 12 months
Eurex is latest clearing house to enter Asian market