News
Dealers pitch loan format for swaps as CVA dodge
Banks are offering to replicate the economics of OTC swaps in loan format - avoiding new capital and clearing rules
DTCC looking to ink agreements with other trade repositories in Asia
US firm takes steps to co-ordinate the reporting of OTC trades between different Asian locations
Credit Risk USA: Direct buy-side clearing 'not feasible'
Added cost and mutualised risk will discourage direct clearing participation, panel concludes
Current crop of equity and bond indexes criticised by Asia-Pacific investors
Concentration issues and a lack of diversification cited as problems in Edhec-Risk survey, though no alternatives in sight
Parala Capital launches 'index of indexes' in conjunction with Dow Jones Indexes
Macro strategy boutique Parala Capital has signed its first index deal with Dow Jones Indexes
Credit Risk USA: Real estate, rates and bank competition a concern, says OCC
Deputy comptroller gives sneak-preview of possible systemic threats that will be highlighted in a forthcoming OCC report
Deposit flight threatens banks' eurozone ALM efforts
Attempts to match assets and liabilities on a country-by-country basis could be threatened if Greece exits eurozone, lenders fear
NY Fed's Dudley fears CCP capital 'cliff effect'
Supervisors should ensure the capital regime for cleared trades avoids a sudden leap in risk weights, says New York Fed president
Former SG executives launch multi-commodity discretionary hedge fund
Ex-SG commodities executives Christophe Cordonnier, Frédéric Lasserre and François Beuzelin launch broad-based discretionary fund
Europe gets long and short ETFs on US and UK sovereign debt, with leverage
The first exchange-traded funds to offer daily leveraged exposure to US and UK sovereign debt have been listed in Europe
Life & Pension Risk Nordics: Orsa risk quantification will not require internal model - Eiopa
And Danish regulator says there has been too much focus on Solvency II’s capital requirements
Burns joins US SEC trading and markets
SEC appoints James Burns as deputy director in trading and markets division
IOR elects three new council members
Institute of Operational Risk appoints three new council members
SEC appoints deputy chief of staff
SEC appoints Erica Williams as deputy chief of staff
HFT adds value to the forex market, says Bank of England
The effects of high-frequency trading activity should continue to be monitored, but the practice adds value to the forex market, argues a senior Bank of England official
People moves
The latest people moves in the securities services industry
No improvement in porting since Lehman, CCPs say
The collapse of MF Global last year saw clearing houses struggle to port client collateral to other firms - repeating problems seen after Lehman Brothers filed for bankruptcy in 2008
Seaway pipeline reversal: beginning of the end for negative WTI-Brent spread?
Analyst forecasts of how the reversal of the Seaway pipeline will affect the West Texas Intermediate-Brent spread vary widely. Jay Maroo reports
Actively managed ETFs in North America see dramatic inflows
Pimco and State Street launch new actively managed ETFs as US and Canadian markets see strong surge in assets under management
Life & Pension Risk Nordics: Market volatility and Solvency II 'present opportunities for life sector'
Solvency II must be implemented on time, says Länsförsäkringar Liv CFO
Coutte leaves SG CIB
Flow fixed-income and currencies co-head is latest in a series of senior sales and trading figures to leave the bank
Power and utilities M&A declines in volume but grows in value: Ernst & Young
Slow global economic recovery led to weak M&A activity in the global power and utilities sector in the first quarter of 2012, but deal value increased almost 20% from the previous quarter
Energy Risk USA: Storms, warm winter, fuel interest in weather derivatives
The extreme weather that hit North America recently has spurred interest in tools designed to hedge weather risk, according to participants speaking at Energy Risk USA
UK utilities face swap counterparty shortage
Bank downgrades could leave many structured finance transactions without acceptable swap providers - a potential nightmare for UK utilities