News
RBS investor products group faces cuts in merger with non-linear trading
Martin van Pieterson named global head of non-linear trading and investor products as Royal Bank of Scotland merges teams
Counterparties abandon US public utilities over Dodd-Frank fears
Publicly owned utilities say a growing number of energy companies are refusing to trade with them ahead of the deadline for swap dealer registration
Experts question shift in Mexico oil hedging strategy
Use of put spreads in oil hedging programme leaves Mexico dangerously exposed to low oil prices if global economy sinks
Adoboli’s ETF desk was an ‘oasis of profit’
ETF desk where Adoboli worked was an "oasis of profit" where risk limits were exceeded
Libor governance to be put out to tender
The FSA confirmed today that the BBA will be stripped of its Libor powers
Ice move from swaps to futures unlikely to be last, says O’Malia
The decision by Ice to speed up the transition of its cleared OTC energy contracts to futures reflects regulatory uncertainty, and is likely to be replicated by other exchanges, says CFTC commissioner
RDR guidance causing confusion, experts say
FSA guidance notes on the RDR need clarifying, industry experts warn
Esma backtracks on indirect clearing
Final rules remove two controversial proposals, but revive regulators' concerns about access to clearing for small firms
Entire UBS ETF desk knew about Adoboli’s hidden profits, court hears
Accused rogue trader’s hidden profits were no secret, colleague says
Super fund pension schemes powering structured products market in Australia
Bigger employer contributions to superannuation guarantee pension schemes in Australia is encouraging more individuals to invest in self-managed super funds, spelling good news for structured products providers
ALM Europe: Basel right to rein in capital models, says EIB exec
Regulators should be more intuitive in their approach to capital levels, EIB treasury risk head tells conference
Asian energy markets liquid enough to sidestep Dodd-Frank compliant firms
The extraterritorial impact of the US Dodd-Frank could be sidestepped by Asian players opting to conduct swap trades with players outside of the regulation’s orbit
Indirect clearing to be overhauled in final Esma rules
Indirect clearing will not be compulsory, sources say – and a controversial 30-day guarantee for indirect clients will also be removed
Libor in need of ‘massive makeover’, CFTC’s Chilton says
CFTC's Chilton says a complete overhaul of Libor is needed - including distancing it from the BBA
Ex-Credit Suisse bankers founding energy risk advisory firm
Former head of power trading joins at least one ex-colleague to found Scoville Risk Partners
ALM Europe: Banks could issue more sub debt to cut bail-in risk, says BoI capital head
Banks could issue more subordinated debt to protect senior creditors from the threat of a bail-in – in theory. But Bank of Ireland capital head says the market is too thin
Arbuthnot poaches Coutts execs to bolster private banking and wealth management
Two of three new senior appointments at Arbuthnot Latham hail from rival Coutts
Chan remains Asia structured products head at Deutsche following cuts to equities
Susan Chan remains in post at Deutsche Bank following job losses in Hong Kong and Japan as asset classes are consolidated into one structured products group
UK insurers behind schedule on Solvency II data requirements
UK Financial Services Authority highlights problems with data control, ownership and validation
Adoboli's fellow trader knew about off-book profits, court hears
Others on the ETF desk were aware that alleged UBS rogue trader was hiding profits in an "umbrella" account, court hears
Adoboli trial: ‘risk-seeking’ culture at London UBS
UBS is “less risk-averse” in London than in the US, says Adoboli's former manager
ALM Europe: ‘Economic case’ for Basel III delay, says SG economist
Sequencing of the reforms is wrong, Société Générale's chief European economist tells conference
Dividend strategies deploy increasingly sophisticated screening methods
With exchange-traded funds linked to dividends seeing big inflows, providers are now offering more targeted exposure to the sector
New governor signs revised policy target agreement in New Zealand
The Reserve Bank of New Zealand’s policy targets agreement will come into effect on the same day Graeme Wheeler takes over as governor; document includes "stronger focus" on financial stability