News
Germany may ditch Fatca if reciprocity agreement not honoured, experts warn
Germany may back away from Fatca if the US is not able to honour an agreement to reciprocate, market participants say
Asia CCPs unlikely to fully comply with Iosco before end-of-2012 deadline
New levels of complexity and ongoing regulatory framework discussions mean full compliance with Iosco’s new principles is unlikely before the January 1, 2013 deadline
Bank of Thailand concerned over ‘unintended consequences’ of Basel III
Thailand joins the Philippines and India in introducing Basel III capital adequacy requirements ahead of schedule but doubts remain over some aspects of the accord
Banks will struggle to fill top quant roles, says Andreasen
Jesper Andreasen slams new generation of quants as indoctrinated "muppets", incapable of independent thought
UBI sells strategy-based products to retail in Italy for the first time
UBI sells strategy-based products to retail in Italy for the first time
Fears that Prospectus Directive update will curb structured product innovation
A change in the requirement for the final terms of a prospectus could restrict innovation in structured products, say market participants
Don't blame the quants, says Merton
Quantitative models were unfairly criticised in the aftermath of the financial crisis, says legendary quant and co-creator of the Black-Scholes equation, but there’s plenty for quants to work on in the current environment
Next economic crisis to come from pension funds
Unregulated pension fund industry will be a systemic concern
Legal & General eyes European infrastructure finance bonds
European Investment Bank set to launch project bond pilot scheme in September
Risk.net poll: Basel Committee wrong to be sceptical of capital models
Readers of Risk.net vote two to one against the Basel Committee's new-found distrust of internal capital modelling
US large exposures rule could stop banks trading with RBS
Federal Reserve proposals limiting counterparty risk could put RBS and the UK government in one pot – potentially forcing US banks to cut exposure to both
Attempts at CDS portfolio margining in regulatory limbo
Dealers worry about the impact on liquidity unless single-name and index trades can be margined together
FSMA consultation reveals disparity over structured product complexity in Belgium
Participants in the structured products industry in Belgium remain at loggerheads over key points from the Financial Services and Markets Authority moratorium
Index roundup
Index roundup
ETF roundup
ETF roundup
People: UBS poaches Edwards from RBS and Naylor from Deutsche
UBS bolsters equity derivatives team
Reshuffle at RWE Supply & Trading
The management board at RWE Supply & Trading is set to undergo a shake-up following the resignation of Peter Kreuzberg, head of trading.
Eiopa resists calls to ease Orsa risk quantification requirements
But relaxes solvency projection rules in updated draft level 3 guidance on Own Risk and Solvency Assessment
Houari leaves Barclays to head equity structuring group at Deutsche Bank
Hassan Houari has ended a 12-year career at Barclays to take up a role as global head of structuring at Deutsche Bank in London
Italy downgrade triggers inflation bond sell-off
Moody's downgrade forces Italian linkers out of index
Fixed-income ETF market to hit $2tn within a decade, says iShares
iShares makes a bold prediction for the decade ahead as inflows into fixed-income exchange-traded funds increase, but others are less optimistic
US structured products offer European equities in long tenors
Despite the recent poor performance of European equities, three US banks have registered leveraged return notes based on the Euro Stoxx 50 Index in a single week, some with unusually long maturities
Cat bond issuance this year could rival record 2007
New sponsors contribute to near-record first-half activity setting optimistic mood for rest of the year
Breakdown of Omnibus II negotiations piles pressure on Solvency II timetable
Negotiations to resume in September, but there are fears that deadlock will continue