News
FSA provides relief to insurers on dual-capital model concerns
Unpublished Level 2 text will be basis of model approvals, says FSA's Adams
Eiopa to perform insurer stress test next year
Tests will not be based on QIS 5 calibrations, says Montalvo
SG CIB closes US power business - rivals point to dollar funding constraints
Former RBS Sempra Commodities business closed just 11 months after acquisition
FX clearing has taken an illogical course, panellists warn
Non-deliverable forwards are the current focus for FX CCPs and banks, but panellists argue the risk in those products is negligible
New standard CSA too dollar-centric, say Asian banks
Banks in Asia-Pacific complain about dollar dominance in new standard CSA – prompting Isda to rethink its plans
Cagan appointed head of op risk at JP Morgan
Cagan moves from compliance role at Citi to new op risk post
Structured fund investors in Japan shift from currency to alternatives
Japan’s ultra-low rate environment has left many of its investors hungry for decent returns, but some high-yield structured funds involving currency plays have seen unwinding of positions in favour of alternative types of strategies. Sarah Nowakowska…
US will wait for clarity on transitional measures before deciding on SII equivalence – NAIC
Impact of Solvency II equivalence on consumer protection is key issue for US, says NAIC chief
Structured Products Ireland: Investors look beyond deposit-based structures to diversify
Tapping Ireland's savings pool
People: Todd Steinberg exits Macquarie
Steinberg leaves as Macquarie trims
Leaked EU data privacy laws cause conflict with Fatca
Industry experts warn stricter EU data privacy laws might have implications for Fatca
New insurer 'to cut buy-out costs' for DB schemes
Long Acre Life will use mutual concept to reduce ultimate buy-out cost for pension funds
SEC's Office of International Affairs appoints new director
Eric Pan to oversee international regulatory policy at the agency
Gas users lock in low long-term prices
Long-term price risk management deals are becoming more popular with utilities and regulators as a way to lock in low natural gas prices
Federal judge's ruling could change prosecution of Wall Street
Legal experts see potential effects of Rakoff's SEC-Citi ruling for major banks' settlements
MF Global: non-US clients caught in cross-border collateral trap
Omnibus structure meant clearing clients of MF Global outside the US were asked to double up on collateral payments. Use of the structure for OTC markets is now in doubt
Record HSBC fine shows FSA getting tough on retail conduct
Experts believe multi-million-pound fine issued to HSBC to be continuation of FSA focus on banks' retail failings
Germany downgrade threat sees eurozone CDSs widen
Eurozone CDS spreads were back on the rise today after Standard & Poor's warned it could downgrade 15 eurozone member states, including Germany
European Commission draws up new list of countries for Solvency II equivalence
Decision on Bermuda, Japan and Switzerland equivalence to be taken once Level 2 measures agreed
Dutch regulator urges insurers to report under Solvency II in 2012
Reporting under market-consistent framework would assist transition to new regime, says DNB
LCH.Clearnet appoints new CEO of CDSClear
UK-based clearer appoints Markit's former fixed-income director as chief executive of CDS clearing service
SGX hires new regulatory and risk management chiefs
Singapore Exchange names Richard Teng as deputy chief regulatory officer and Sonia Zhang as head of risk management
Change to Japan clearing mandate ends LCH-JSCC talks
A decision to limit the scope of Japan's clearing mandate has torpedoed months of partnership talks between LCH.Clearnet and the Japan Securities Clearing Corporation
Eurozone CDS spreads fall on French-German fiscal deal
Risk perceptions in the eurozone fell today as France and Germany agreed new treaty plans that will sanction fiscally irresponsible member states