News
Index roundup
Index roundup
Société Générale Private Banking names new commercial head
Societe General Private Banking names new commercial head
ETF roundup
ETF roundup
Investment banks still have 'significant' work to do on anti-bribery controls, FSA concludes
Newly released thematic review finds weaknesses in systems and controls across the sector
ETFs have improved price efficiency between spot and futures markets, Edhec
ETFs have been a positive influence on the trading of related futures and securities markets, according to an Edhec survey
Guidance on central bank risk management is needed, says BoE’s Fisher
The Bank for International Settlements should provide guidance on best practice for central bank risk management, says the Bank of England’s Paul Fisher
On the move
On the move
Increasing pessimism over European carbon market: survey
Participants are becoming increasingly bearish in their outlook for the European Union Emissions Trading Scheme according to this year's Point Carbon survey
Corporate hedging strategies affected by banking regulations: survey
Despite ‘end-user’ exemptions, strengthened banking regulations are likely to impact energy corporates due to their reliance on banks and other financial firms to manage hedging programmes, says a survey by Greenwich Associates
Volcker rule to pummel US energy industry: IHS
The so-called 'Volcker rule', if carried out the way regulators have proposed, will make it more difficult for the US energy industry to access risk management services, harming oil and gas producers, refiners and utilities, according to a study released…
Physical ETFs are less risky, say European investors
Research institute Edhec-Risk's annual European exchange-traded funds survey has found that European investors think physical replication is less risky than synthetic exposure
HSH claims of fraud in UBS CDO case dismissed
Ruling in North Street deal could set new benchmark for CDO litigation, lawyer argues
UK distributors get defensive with volatility structures and multi-asset deposits
The UK structured products markets is still saturated with FTSE-linked deposits, though a few exotics are appearing on the menu
BlackRock tries to renegotiate 'dirty CSAs'
Asset manager seeking to remove collateral optionality - and pricing divergence - from thousands of CSAs
Organisations must prioritise cybercrime as risk increases, experts say
Cybercrime climbs rankings of economic crimes in latest survey
New Zealand proposes partial earlier adoption of Basel III capital requirements
New Zealand regulators have opted to bring in the capital conservation and counter-cyclical buffers ahead of the Basel Committee schedule – but market participants are unsure if this is necessary
Canada clearing paper will not address CCP location question
A consultation on OTC clearing is expected in the coming months, but a key question will not be answered
Indian banks to provide Basel III liquidity data in advance of 2013 deadline
Reserve Bank of India tells domestic banks to start reporting aspects of Basel III liquidity strength measures from June this year – ahead of the 2013 reporting timetable outlined by the Basel Committee
South African investors favour gold ETFs over gold stocks
South African gold mining stocks underperformed the world's largest gold ETF by 10% in 2011, boosting demand for gold exchange-traded funds
European Parliament’s plenary vote on Omnibus II delayed again
Concerns mount over Solvency II implementation timetable as plenary vote rescheduled to September
South African structurers struggle to meet demand for tax efficiency
Changes to the capital gains tax regime in South Africa are skewing returns and could pose increasing problems for product structurers, warn market participants
New US EPA rules seek to dethrone old King Coal
New US EPA rules seek to dethrone old King Coal
Bail-in plans could undermine Basel's NSFR
Basel III rules that require banks to issue an estimated €2.7 trillion in long-term debt could be thwarted by plans to make investors accept losses
Isda working group close to finalising standard CSA
Latest proposal extends number of silos from five to 17, mirroring approach taken by LCH.Clearnet