News
Japan still backs EFSF despite threat to AAA rating
The expectation that Standard & Poor’s decision to downgrade France and Austria will have a knock-on impact on the EFSF will not deter further Japanese investment in its bonds, says Japanese official
RBS cash equities exit could hike hedging costs
RBS will have to pay more to hedge vega from its equity derivatives business after losing offsets provided by cash, rivals say
Risk management reshuffled at JP Morgan Chase
CEO Jamie Dimon reassigns responsibilities across company
Identifiers will place significant technology demands on industry, say dealers
Progress to create a new set of industry standard codes to identify institutions, products and transactions is moving forward as regulatory reporting deadlines loom, but it remains one of the biggest market structure challenges of 2012 for foreign…
US SEC appoints deputy director of Office of International Affairs
Assistant director Fisher promoted to role
Regulators 'driving fraud investigations'
Regulatory pressure is the main factor driving internal investigations, according to one forensic specialist
Rolls-Royce longevity swap highlights growing cross-border appetite of reinsurers
Rolls-Royce longevity swap highlights growing cross-border appetite of reinsurers
RBS leaves structured products intact as restructuring revealed
Royal Bank of Scotland keeps investor products and equity derivatives in latest restructuring, but ditches cash equities, corporate broking, equity capital markets and M&A
Regulations will scare off investment in banking sector, insurance industry warns
Banks might find a lack of investment from the insurance sector under current regulatory proposals
Asian energy corporates remain bullish in 2012: survey
Despite an uncertain global backdrop, energy companies in Asia retain a positive outlook for 2012, finds a survey commissioned by Standard Chartered Bank
Solvency II reporting compliance is challenging insurers, survey finds
Reliance on third parties for critical data is key issue
CFTC's Sommers and O'Malia attack 'unworkable' Volcker rule
Republicans dismiss prop trading ban as overly complex, unworkable and unenforceable
Fannie Mae CEO steps down
Williams to leave agency once replacement is found
UK FSA asked to broaden scope and improve clarity in retail product development and governance consultation
The deadline for responses to the Financial Services Authority's latest consultation on structured products fell yesterday, January 11. Responses have requested a broader scope and more clarity
Operational uncertainty still a concern in OTC reform
More guidance needed on CCP rules, study finds
Calls for standard formula calibrations to be reduced further
Calls for standard formula calibrations to be reduced further
Hong Kong regulator approves new synthetic ETFs
The Hong Kong ETF market received a boost with the approval of more than a dozen synthetic ETFs – the first authorisation since local rule-makers toughened regulations over this asset class last year
Legal & General produces first index for Source commodity ETF
Legal & General Investment Management has created a commodity index that serves as the basis for a new ETF launched in partnership with Source
Lyxor launches targeted commodity sector ETFs covering agriculture and livestock
Four new ETFs narrow commodities access to offer focused exposure to specific commodity sectors
People: Luc Francois leaves Morgan Stanley
People: Luc Francois leaves Morgan Stanley
No Fuhr for BAML as global delta one role axed
Bank of America Merrill Lynch has done away with the global delta one strategy role that was due to be filled by leading ETF specialist Deborah Fuhr, formerly of Blackrock
Risk awards 2012: JP Morgan takes the crown
JP Morgan scoops six categories in Risk’s annual awards, with Deutsche Bank winning three. Two colleagues from Danske Bank – Jesper Andreasen and Brian Huge – land the award for quantitative research, while Markit’s Lance Uggla wins the lifetime…
Solvency II asset charges will not stop insurers providing bank funding, say economists
Demand for covered bonds and shorter duration corporate paper likely to increase, according to exclusive analysis by economists at Dutch central bank
FSA appoints chairman of Financial Services Compensation Scheme
Churchill replaces existing chairman David Hall