News
Esma under pressure to opine on asset-class specifics in Emir
A public hearing on Emir draft technical standards earlier this week leaves market participants with ongoing concerns over asset-class specifics and implementation time frame
Wells Fargo issues correlation structures and keeps up with longer tenors
Two of the latest structured products Wells Fargo has registered in the US public market are based on multiple underlyings, making a play on correlation. The supply registered with the US Securities and Exchange Commission on March 8 includes 88 new…
IAIS examining ways to increase regulator exchange of information
Supervisors urged to sign up to IAIS multilateral memorandum of understanding to allay concerns over sharing of confidential information
Lack of clarity over buy-side derivatives reporting responsibilities
New derivatives regulation will require all derivatives trades to be reported to trade repositories – but some confusion exists over who has the responsibility to report
US banks could lose competitive edge in Europe, says EIB
US regulations on mandatory clearing and uncleared margin could put US dealers at a competitive disadvantage in Europe, says EIB
Lyxor adds smart strategies to commodity ETFs
Lyxor has launched a new range of commodity exchange-traded funds on the London Stock Exchange, offering investors broadly diversified commodity exposure through a combination of four strategies
South African banks will struggle with CCP default fund requirements, say participants
Default fund contributions will be too onerous for South African banks, say conference participants
European regulators undecided on initial margin rules for uncleared swaps
Counterparties will have to post variation margin on uncleared trades – but questions remain over which firms will have to post and collect initial margin
Goldman Sachs extends tenors in the US with five-year principal-protected note on the DJIA
A mass of new structured products registered in the US public market are dominated by HSBC and UBS, though Goldman Sachs stands out in terms of tenor with its five-year capital-protected note
DME chief executive to step down
Thomas Leaver will depart from his role as chief executive officer of the Dubai Mercantile Exchange
MEP vote on Omnibus II postponed until July
Delay to plenary vote ‘will provide crucial additional time to negotiate contentious issues’
US energy firms lagging in Dodd-Frank readiness: survey
Two-thirds of upstream US energy companies have done nothing to comply with new regulations imposed by the Dodd-Frank Act, according to a new survey
Ability to use custodial accounts worries OTC clearing members
Custodial accounts worry OTC clearers
Icap Energy acquires European biofuels broker
Icap Energy announce acquisition of biofuels broker Sun Commodities
Trading positions: March 2012
Trading positions: March 2012
SEC AML initiative not clearly defined, lawyer warns
SEC/CFTC Capital Markets Working Group could be "just another talking shop"
Head of prop trading leaves JP Morgan
Stewart leaves before prop trading division is abolished
Fuel oil prices seen remaining high
Fuel oil prices climb amid supply drop and tax hike
Aviation allowances begin trading under EU ETS but outlook mixed
Stormy skies ahead for EUAAs amid regulatory risk
New CRD IV draft exempts sovereign trades from CVA capital charge
The latest council draft adds a CVA capital charge exemption for sovereign derivatives transactions – potentially removing one of the big unintended consequences of CRD IV, participants say
BoE deputy governor appointed as CPSS chairman
Bank of England’s Paul Tucker replaces Federal Reserve Bank of New York president as CPSS chairman
Dealers call for revised language on break clause close-outs
Current methodology to calculate a close-out value following the exercise of a break clause results in inaccuracies, claim dealers
People: Walter joins Ernst & Young regulatory push
Walter joins Ernst & Young regulatory push
State Street lists Euro and UK Aristocrats ETFs in Germany and London
State Street's US and Emerging Markets Dividend Aristocrats ETFs have garnered strong inflows. Now the ETF provider has extended its range to provide UK and Europe dividend exposure