News
Insurers pose less systemic risk than banks, shows study
Geneva Association research shows proposals for regulating systemically risky insurers are'misguided'
Insurance Risk North America: insurers behind on risk assessment framework for Orsa
Survey finds insurers still have significant work to do in order to meet 2015 Orsa deadline
Further longevity deals expected in 2013
More deals expected to take place in 2013, but complexity of transactions is expected to limit market growth
Asic to consult on trade repositories in first quarter 2013
The Australian securities regulator is looking to consult on its trade repository plans at the end of the first quarter, with an eye to implementing the regime later in the year
Chief of staff is latest to leave SEC
Didem Nisanci follows stream of departures from US regulator
Insurance Risk North America: Insurers must 'break addiction to policy guarantees' in low-rate environment
Lack of product innovation means not enough products work in the low interest rate environment, panellists complain
Asian currency hedgers to be hit by ‘fatal flaw’ in new accounting rules
A major change is needed to correct new hedge accounting rules, which could restrict derivatives use by Asian firms hedging their foreign currency exposures
Four of five largest Australian banks look to clear with LCH
LCH.Clearnet makes inroads into the domestic Australian market with its SwapClear service
Dealers seek second business conduct reprieve from CFTC
Less than 1% of counterparties are ready to trade under new regime. Non-compliant firms may be frozen out of the market, banks warn
Top 10 operational risks for 2013
Old and new dangers
HSBC fine ‘warning shot’ to industry, experts say
HSBC's $1.9 billion fine a sign that regulators have 'real bite'
HSBC appoints head of financial crime compliance
The new role follows a restructuring at HSBC in light of money laundering penalties
BNP Paribas loses global and European sales heads
Eric le Brusq and Amaury des Deserts are leaving BNP Paribas to pursue other opportunities
Majority of firms expect to up IT spend in 2013
Nearly 60% of financial institutions say they will increase spending on technology next year – and new regulatory requirements are a big driver
Goldman $1.5m fine for rogue trading loss ‘insufficient’, says Chilton
CFTC's Bart Chilton criticises the commission's fine, saying it should be at least five times higher
Commission targets January start for long-term guarantees assessment
Commission targets January start for long-term guarantees assessment
Phase-in of Solvency II a threat to level playing field, warn insurers
Phase-in of Solvency II a threat to level playing field, warn insurers
FVA should be included in derivatives pricing, say survey respondents
Nearly two thirds of survey respondents disagree with Hull and White’s argument that funding valuation adjustment should be ignored
Segreti leaves inflation for prime services role at Barclays
Ralph Segreti set to lead agency derivatives origination at Barclays, with Adam Law taking over the inflation business
Nucor praised for pursuing natural hedge
US steel maker’s acquisition of natural gas assets is seen as viable long-term hedge and an alternative to derivatives
Simon Klein and Nizam Hamid exit Lyxor Asset Management; Klein rejoins Deutsche Bank
Head of ETF strategy at French ETF provider exits as Arnaud Llinas is named global head of ETFs & Indexing in Paris
FSA outlines plans for Libor reform
Regulator will directly oversee calculation of benchmark rate
People: Amrolia and Felson promoted in Deutsche Bank reshuffle
Deutsche Bank veterans Amrolia and Felson to lead new fixed income and currencies unit; de Boissard promoted to investment banking co-head at Credit Suisse; fixed income chief Hoornweg leaves UBS
Investment in infrastructure set to rise as insurers seek yield
Swiss Re infrastructure deal shows developing appetite of insurers to finance long-term projects