News
House of Lords committee chair warns of Mifid liquidity costs
Transparency and own-capital ban for OTFs could interfere with “free flow” of market, says Lord Harrison, chair of a House of Lords committee that yesterday warned of fundamental flaws in Europe’s Mifid review
New CPSS/Basel guidance on FX risk management to be published soon
A new consultation paper on risk management practices in the FX market will be released in the third quarter – and may be published as early as this month
Insurers urged to be cautious of long-term liquidity swaps
Uncertain regulatory and economic environment increases risks associated with liquidity trades, warns Fitch
CCPs wary of covered bonds despite Esma proposal
LCH.Clearnet and Eurex will not accept own-name covered bonds as collateral, despite green light from Esma
Indexes of indexes can deliver lower volatility and increased exposure, say providers
An index based on other indexes can offer institutional investors sophisticated strategies and retail investors easier access to capital-protected products in difficult structuring conditions, say index firms
CFTC's Chilton: accept Volcker rule or get out of the way
Chilton warns banks to either co-operate with regulators on the Volcker rule or get out of its way, as it is definitely happening
Fixed income is the asset class of choice in Singapore, but issuer-risk concerns remain
Global uncertainty is driving investors in Asia into fixed-income assets and structured and credit-linked notes with exposure to credit, though they remain wary of issuer risk
South Korea to allow local financial institutions to issue covered bonds
Relaxation of restrictions over covered bonds issuance should prompt rapid expansion of sector’s present small base
Companies selling Ucits given more time to apply to provide Kiid post transaction
Sellers of Ucits products in the UK now have until 2014 to apply for permission to provide the key investor information document after a transaction is completed rather than before
On the move
On the move
Trading positions – July 2012
Energy Risk catches up with the latest appointments, promotions and departures in global commodity markets
Future of European shale gas market on shaky ground?
Future of European shale gas market on shaky ground?
Duke-Progress deal a win for alliances, nuclear power
Duke-Progress deal a win for alliances, nuclear power
WGMR margin rules borrow heavily from US proposals
Working group publishes proposed margin rules for uncleared trades – bringing global rules in line with an earlier US proposal
Asia private banking market spurs demand for bespoke structured products
An increasingly savvy investor base in Asia is paving the way towards a more customised and managed approach to structured products aimed at private banking investors
New S&P Dow Jones venture to compete with banks not index providers
Merger of S&P Indices and Dow Jones Indexes will fuel more competition with banks than other index providers, say market participants
Time running out for Omnibus II negotiations as latest trilogue fails to find agreement
Further trilogue scheduled as policy-makers seek compromise on package for long-term products before summer recess
Swiss structured product turnover falls by nearly half compared to 2011
Turnover of structured products and warrants listed on the Scoach exchange falls more than 40% in the first half of 2012 compared to the same period last year. Industry figures blame increased risk aversion and a rise in OTC trading activity
JP Morgan probe highlights Ferc power trading crackdown
A lawsuit filed against JP Morgan by the Federal Energy Regulatory Commission is the latest example of the agency's tough, new enforcement stance
OpRisk Europe 2012: Video
Highlights of the keynote speeches and discussions from this year's London conference
ANZ launches China-centric commodity index
Australian bank unveils commodity index in bid to better reflect China market influence
Prices diverge as CVA exemption remains in limbo
Dealers face pricing headache as they wait to see whether Europe's version of Basel III will exempt corporate customers from the CVA capital charge
Oxford Publishing settlement underlines Bribery Act doubts
A year on, still no high-profile prosecutions
Australia’s carbon scheme subject to political risk
Australia’s carbon scheme takes it first step but future development remains uncertain due to political risk.