News
New listings on Scoach reach highest level this year
New listings of structured products on Scoach in Switzerland are at their highest since January
Lawsuit threats cloud California cap-and-trade scheme
California is set to launch the world’s second-largest carbon market, but threats of litigation have kept many potential market participants sitting on the sidelines
Prosecution delivers closing speech in Adoboli trial
Case against 'rogue trader' draws to a close as the prosecution delivers its closing speech
European Commodity Clearing adds two board members
Management board of European Commodity Clearing brought into line with parent company
New rules designed to kill OTC market, says European regulator
Central Bank of Ireland adviser says reforms will cause an "Ice Age" in the derivatives market
Insurers hope for agreement tomorrow on long-term guarantees assessment
Insurers concerned that assessment could overlap full-year reporting as debate over matching adjustment continues to delay impact test
Norwegian regulator to ease internal model timetable in wake of Solvency II delays
French regulator also considering adjusting pre-approval schedule
OTC Derivatives Clearing Summit Europe: Collateral squeeze is a danger, says buy-side panel
Buy-side firms argue new regulations will create a collateral squeeze – despite claims by a Bank of England official that the fears are overplayed
OTC Derivatives Clearing Summit Europe: CCP model secrecy is ‘wrong and unjustifiable’, says BoE official
CCPs should be required to make details of their models public, says the Bank of England’s payments and infrastructure division head
OTC Derivatives Clearing Summit Europe: Lack of dealer involvement may hamper OTF move
A portion of the European derivatives market will eventually be required to trade on OTFs – but change will be hampered without bank involvement, panellists say
People: UBS to cut 10,000 in investment banking retreat
UBS to chop Sfr90 billion from investment bank RWAs as it refocuses on capital-light businesses; Ivan Ritossa to leave Barclays - Bommensath steps up; Loh Boon Chye lands top Asia-Pacific markets role at BAML; former JP Morgan CRO Zubrow to retire
OTC Derivatives Clearing Summit Europe: No need to panic about collateral supply, says Bank of England
Isda estimates that mandatory clearing and margin could require the posting of up to $30 trillion of initial margin have been inflated, not least because of a likely exemption for forex swaps and forwards, according to a senior BoE official
Adoboli’s defence closes its case
The defence case for the accused rogue trader, Kweku Adoboli, has closed
OTC Derivatives Clearing Summit Europe: Corporates could be source of eligible assets for clearing
Cash-rich corporates could replace capital-constrained dealers as providers of collateral transformation services, according to one asset manager
Prinz leads UBS credit structuring cuts as equity derivatives departures rise
Jonathan Boos has been made redundant from UBS in the US, while Pascal Prinz leads the casualties who have been cut from credit structuring in London
OTC Derivatives Clearing Summit Europe: EU clearing mandates unlikely before August 2013
The first clearing mandates are unlikely to be in place in Europe before August 2013, says Bank of England’s head of payments and infrastructure division
Adoboli lied to UBS investigators and police, court hears
Accused rogue trader says his first explanations of trades were false
SEC capital rules could stunt CDS client clearing
One bank claims to have stopped work on its CDS client clearing service in the US over SEC capital rules - and others share those concerns
UniCredit switches chief risk officers
UniCredit's CROs for Italy and Austria switch roles
Structured products could lead the way in new nomenclature standards
Structured products could lead the way in new nomenclature standards
RDR rules risk being seen as a product endorsement, say IFAs
IFAs question whether RDR will act as product endorsement
Natural gas producers step up hedging
Hedging by North American natural gas producers increases as prices rebound
HKMA’s tight control over default data inputs reduces RWA significance
Hong Kong doesn't give local banks any latitude over the data inputs to their risk models, says one risk manager from the Special Administrative Region
Basel proposal to capitalise settlement risk ‘unnecessary’
In comment letters published last week, banks have taken issue with Basel Committee guidance that would capitalise post-execution exposure to settlement risk