News
Risk Annual Summit: Deutsche credit risk head questions CRD IV timeline
Banks have nine months until elements of Basel III are due to come into force, but details of implementing legislation are still being debated
Investors split on 100-year gilt proposal
An ultra long-dated gilt will provide observable market data for liability discounting, but investor demand at the 100-year maturity is questioned
CFTC rule sounds death knell for FIA-Isda trilateral give-ups
Final rule forbids documentation revealing identities or limiting counterparty choice
Belgian private banks shy away from structured products
Extracting value from high-net-worth investors became a priority for Belgian banks in response to the Financial Services and Markets Authority's moratorium, but as mounting regulatory pressure spooks investors, private banks are bringing their structured…
UBS offers investors a bite of Apple
UBS has filed two reverse convertibles linked to the stock of Apple, while JP Morgan picks Netflix as a technology underlying
Dow Jones Indexes offers broader Russia index for use in Lyxor ETF
Dow Jones Indexes has increased the number of components in the Russia GDR Index to 17 for use in the Lyxor ETF Russia exchange-traded fund
EC paper sheds light on dangers of shadow banking
The potential for shadow banking to damage the wider banking system and disrupt the macro-prudential aims of the ECB has been highlighted in the latest green paper from the European Commission
Identifiers key to repository success, say participants
Consistent reporting to multiple trade repositories under new OTC regulations will depend on the successful adoption of legal identifiers
Eusipa: European retail structured product volumes fell sharply at end of 2011
The European umbrella structured products trade association has reported that structured product volumes on stock exchanges in Europe fell 26% in the final quarter of 2011
Ice to compete with CME and LCH.Clearnet on FX clearing
Competition in forex clearing intensifies as LCH.Clearnet receives regulatory approval and Ice explains how its rival offering will differentiate itself
Bänziger steps down as Deutsche Bank CRO
Stuart Lewis to take chief risk officer role as Deutsche Bank announces management reshuffle
Gensler defends new CFTC block trade proposals
Revamped rules were not designed to mirror scope of old exemptions, CFTC chair tells FIA conference
International regulators uneasy over Volcker rule
Ban on proprietary trading could affect liquidity in non-US bond markets, regulators argue
Japan earthquake produced 'cultural change' on supply chain risk
Permanent shift in thinking about supply chain continuity, BCI survey finds
Dealers worry about risk of $500bn overnight liquidity drain
Dealers are concerned that intra-day margin call guidelines, which they claim could drain up to $500 billion from financial markets, could make it into final CPSS/Iosco principles
Longevity risk transfer market ‘set to boom’ in Japan
Accounting and regulatory changes will drive demand, say participants
Macquarie to offer bespoke beta and absolute return commodity products from June
Macquarie is extending its existing commodity sales and trading platform with the launch of a commodity investor products business, which will be led by ex-Goldman Sachs global head of commodities
Goldman Sachs' resignation linked to 'hypocrisy'
Goldman Sachs' treatment of clients not unusual, psychologist says
FSA more sanguine on structured deposits as Lord Turner scorns innovation
The UK Financial Services Authority has issued another massive document containing its thoughts on structured products and, notably, stating that its concerns about structured deposits are no longer critical
Derivatives blamed for Goldman Sachs' 'toxic' culture
Resignation letter links derivatives trade to moral collapse at bank
CFTC taking ‘check-the-box’ approach to cost-benefit analysis, says congressman
Chair of the general farm commodities and risk management subcommittee accuses the CFTC of conducting only token cost-benefit analyses on Dodd-Frank rule-makings
CCPs need to provide margin efficiency, says industry panel
Central clearing will place a huge burden on end-users, forcing CCPs to consider how best to create operational and margin efficiencies
FTSE, S&P Indices and MSCI form trade association
The index providers have joined forces to launch an independent global trade body, the Index Industry Association
Fatca passthru payments to be simplified, expert says
Fatca passthru payments need to be scaled back, according to one industry expert