News
New head of commodities at Musi
Robert Forgrave has joined Mitsubishi UFJ Securities International as head of commodities
Risk & Return Canada: CCPs won’t stop future crises, says academic
Central counterparties a ‘Maginot line’ that won’t prevent financial breakdown, argues Queen’s University at Kingston assistant professor
JP Morgan combines FX and rates management
Troy Rohrbaugh is to relocate to New York to head up rates and FX, while Chris Willcox moves to asset management
Fund managers to increase ETP exposure, finds Lyxor survey
A survey from Lyxor finds that fund managers expect to increase their allocations to exchange-traded products over the next three years
Banks hope for CCP capital concessions at Basel meeting
Banks and CCPs are pressing for changes to method of calculating default fund capital
Kirilenko to step down from CFTC
US regulator's chief economist will move to academia
UK government rejection of ICB leverage ratio favours lending over stability, expert says
Rejection of ICB's leverage recommendation puts lending above stability, according to legal expert
Edhec develops framework for Solvency II equity risk management
Formula for risk control framework can optimise equity risk capital costs, claims research body
May sees US fixed-income ETP record despite flight from high-yield bond products
High-yield ETPs in the US experienced their first outflows since November 2011, but inflows into government bond products propelled May to a record-breaking month for fixed-income ETPs
Don’t rush into regulating shadow banking sector, IIF warns
A new report from the IIF warns regulators to consider different approaches to shadow banking regulation
OECD: boost information sharing to fight tax crime
Tax evaders and criminals are slipping through the cracks, report warns
SEC names rating agency overseer
Credit rating agency oversight starts today
Member states call for delay to Solvency II
Fears that revised transposition timetable 'would create legal uncertainty' as Czech Republic pushes for 2015 implementation date
BNP Paribas gets ETFs under way in the US with dynamic roll commodities strategy
BNP Paribas has debuted its first ETF in the US, utilising the dynamic roll strategy to offer investors efficient commodity exposure
Volcker rule could hurt liquidity in FX spot market, participants warn
Foreign exchange swaps and forwards should be exempted from the Dodd-Frank ban on prop trading, or else liquidity in the spot market could suffer, industry participants say
FX Week China: CNH/CNY forward divergence threat has stabilised
A reversal of the spread between offshore deliverable forwards and onshore NDFs that caused pain for speculators last year is unlikely to recur, say economists
Emission trading scheme in Rio suffers setback
Signing of decree by Rio de Janeiro governor is delayed – causing some to suspect lobbying efforts by those opposed to the scheme may have worked
Update: EC Prips Regulation due for publication on July 3; latest draft shifts burden further towards structured product creators
Europe's laws on the key information document (Kid) and packaged retail investment products (Prips) are scheduled for implementation on July 3. The latest draft suggests more onerous responsibility for product providers
Axa enters corporate loan market with SocGen
Insurer targets French mid-caps to diversify investment portfolio
HKMA offers banks RMB repo facility
RMB repo facility established as part of continuing process to internationalise currency and deepen RMB markets
OpRisk Europe: Ring-fencing move will pose operational risks
The move to ring-fence UK retail banking operations will pose operational risks, Barclays’ group operational risk director tells conference
OpRisk Europe: Banks must be aware of HFT risks
Banks need to be conscious of the risks posed by their high-frequency trading business, says internal audit director at Barclays Bank
OpRisk Europe: Postpone Solvency II indefinitely, says Hansen
Former CRO of SEB Life calls for a moratorium on Solvency II implementation in order to enable insurers to focus on recovery
OpRisk Europe: FSA made a mistake with the AMA, panellist claims
The UK Financial Services Authority should have forced large, sophisticated banks to adopt the advanced measurement approach to operational risk, risk manager argues