News
US and EU banks face different Basel III floors
Regulators propose overhaul of US capital framework in long-awaited response to Basel III and Basel 2.5 - but there are differences to the European version of the rules
Banks continue to ramp up in offshore RMB
Top-tier banks are continuing to invest in their offshore renminbi trading capabilities, despite the recent dip in Chinese growth and the challenge of persuading clients to use the new currency and boost liquidity
CIMB nabs Royal Bank of Scotland’s Asia Pac CRO
Malaysian bank beefs up its risk management capabilities with recruitment of RBS chief risk officer
On the move
On the move
GDF Suez Trading opens Singapore office
GDF Suez Trading, a division of French utility GDF Suez, has opened a trading office in Singapore
Aviva UK life CRO to move roles
Move follows continuing restructuring of insurer’s regional framework
Spanish banks allowed to ignore default risk for sovereign bonds
Banco de España is one of a number of European supervisors allowing its banks to ignore a Basel 2.5 requirement to model default risk on government bonds
Srikant Dash joins Bloomberg to create index business
Days after leaving S&P Indices, Srikant Dash has joined Bloomberg to lead and create a new index business
China abandons early adoption plan for Basel III
China Banking Regulatory Commission drops plans to implement Basel Committee timetable early because of eurozone and domestic growth fears
Report urges boosting Ercot price cap, restructuring Texas power market
A report commissioned by the Electric Reliability Council of Texas (Ercot) has recommended that the state increase its maximum peak power price in order to spur investment in new generation capacity and lower the risk of blackouts
Trading positions – June 2012
Energy Risk catches up with the latest appointments, promotions and departures in global commodity markets
Growth replaces income in UK products as providers apply RDR principles
The Retail Distribution Review is already having an impact on structured products in the UK if new products launched this month are anything to go by
Cost pressures making online distribution attractive to UK structurers
Retail Distribution Review forcing structurers and distributors to consider greater use of online platforms for trading structured products
BNP Paribas deploys Morningstar indexes for structured notes
BNP Paribas and Morningstar partner for index-linked notes
ETF roundup
ETF roundup
Index roundup
Index roundup
IFAs will abandon fee-based actively managed structured funds for ETFs as RDR bites
The Retail Distribution Review will encourage financial advisers to switch from selling structured funds to exchange-traded funds, say market participants
Mifid amendments lift barrier to brokers owning OTFs
Tweaks to Mifid text would allow owners of OTFs to engage in matched principal trading
New methodology for identifying systemically important insurers published
New methodology for identifying systemically important insurers published
New Omnibus II yield curve extrapolation proposals ‘a significant ALM challenge for insurers’
New Omnibus II yield curve extrapolation proposals ‘a significant ALM challenge for insurers’
Swedish regulator to conduct qualitative survey on Solvency II to support Orsa development
Swedish regulator to conduct qualitative survey on Solvency II to support Orsa development
CCP resolution plans start to take shape
LCH.Clearnet's re-launched CDS clearing service adopts a loss-sharing mechanism - in line with a "last gasp of breath" approach outlined in an Isda letter to the Bank of England
US Solvency II position anticipated by year-end – NAIC
US Solvency II position anticipated by year-end – NAIC
Dividend exposure in vogue with ETN providers
UBS and Société Générale are among several banks and index providers to tap demand for dividend exposure with new ETNs and benchmarks this year