News
SEC says crucial information being withheld from investors in structured notes
In its latest letter, the SEC orders banks to highlight the difference between fair market value and issue price to help investors see what their investment is worth
Insurers urged to explore positive basis trades
Arbitrage opportunities on government bonds could bring yield boost
Swedish Solvency II discount rate move 'must address sensitivity concerns'
Extrapolation methodology must be robust and allow insurers to manage solvency positions, says Insurance Sweden
Let swap platforms trade futures – Icap’s Spencer
Icap's chief executive says proposed derivatives rules are reinforcing exchange monopolies
Tankard natural gas indexes greeted with scepticism
Traders show little enthusiasm for Tankard indexes of European natural gas, despite ongoing concerns about the reliability of assessments by price reporting agencies. Gillian Carr reports
Bank commodity VAR remains muted in Q4
Bank commodity value-at-risk remains muted in Q4
Energy firms scramble to avoid swap dealer label
Switching to futures and rewriting corporate websites could help reluctant energy companies avoid having to register as swap dealers under Dodd-Frank, reports Alexander Osipovich
Nordea rules out AMA
Another institution rejects AMA because of lack of clarity in requirements
Institutional investors shift portfolio allocations to hedge funds
Institutional investors are set to allocate 11% more to hedge funds this year, according to a Deutsche Bank survey. Less money is flowing to FoHFs while emerging managers are in favour.
Finex launches first Russia corporate bond ETF
Finex notches up industry first with LSE listing of ETF linked to Russian corporate debt
Ex-UBS Adoboli supervisor hired in Knight takeover
UBS-dominated management team formed as Getco prepares to take over Knight Capital
NewAlpha and Woori Asia seeding fund makes first investment
Former Brevan Howard and Trafalgar Capital hedge fund manager is recipient of first joint seed investment by NewAlpha and Woori Absolute Partners. The strategy is Asia equity long/short.
Eusipa optimistic that fall in structured products sales across Europe is a 'temporary blip'
A good start to 2013 means fall in turnover for structured investments and leverage products across six European exchanges in Q4 2012 does not spell bad news, says Eusipa
Swedish DMO raises concerns over Basel III impact on bond trading
The chief economist of Sweden’s debt office fears new rules on available-for-sale securities will make government bonds less liquid
NDF traders face up to Sef reality
Non-deliverable forwards are likely to be mandated to be traded on swap execution facilities before any other foreign exchange products, but are traders ready?
EC investigating collusion in CDS market – Almunia
European competition commissioner confirms probe of banks' attempts to scupper CDS trading platforms
FSA’s cyber resilience review ‘may reveal shortfalls’
Review of 30 financial institutions will lead to first new guidance in seven years
SG plans to securitise €1.9 billion of derivatives exposure
Deal is said to pay a coupon of 11% for first-loss protection – which some investors say is too low
Germany in no hurry to sign its Fatca IGA, expert says
One of the original five Fatca partners likely to take its time over signing IGA, expert warns
FX liquidity fragmentation costs reduced by technology
The increase in electronic trading venues in the foreign exchange market has created the potential for further fragmentation of liquidity. Technology vendors have developed a variety of solutions in response
Six terminates Scoach partnership with Deutsche Börse
Differences between German and Swiss markets cited as Six focuses on Switzerland
Hedge Funds Review European Single Manager Awards 2013 open for entries
Hedge funds with a significant presence in Europe are invited to enter the European Single Manager Awards. The awards recognise the best hedge funds, judged on quantitative and qualitative criteria.
Insurers ramp up commercial loan portfolios in response to Solvency II delays
Firms seek short-term opportunities before directive implemented