News
Asian trade finance at risk from Basel III
Paul Harrald of Standard Chartered tells Asean Risk 2012 conference that Asian banks providing trade finance services will struggle to meet Basel III rules on leverage ratios
Eurozone crisis to have limited impact on southeast Asia – Asean Risk 2012
Resilience in regional markets will insulate Asian nations from any European slowdown, say economists during Asean Risk 2012 roundtable
Asian banks disadvantaged by Basel Accord – Asean Risk 2012
The Basel III Accord has been framed purely to fix the failures in the US and European banking system and is placing an unfair burden on Asian financial institutions, according to speakers at Asean Risk conference.
KPMG UK names new anti-bribery head
Charlie Patrick will succeed Brent McDaniel in London post
Global inconsistency remains a challenge for would-be Sefs
An ongoing lack of clarity and the potential for extraterritoriality in swap execution facility rules is creating a bumpy ride towards registration, according to three putative Sefs
Emerging markets debt is the 'beta of choice' for ETF investors
Exchange-traded funds that give investors exposure to emerging markets debt are increasingly popular and funds denominated in local currencies are also on the rise
Synthetic ETF providers praised for counterparty risk efforts, but multiple model needs work
A Morningstar report says synthetic exchange-traded funds have made welcome strides in tackling counterparty risk, but transparency is still lacking in multiple counterparty ETFs
Fears that IFAs will focus on the 'super-rich' post-RDR
As the regulatory environment gets tougher for UK retail banks, some industry figures warn of an exodus of IFAs from the retail market in order to target high-net-worth investors
Finra provides more granular interpretation of suitability rule
Finra has issued a regulatory notice responding to questions about its 2010 suitability rule
Vanguard brings its physically-backed ETFs to Europe
Vanguard has launched its first exchange-traded funds in Europe with five listings on the London Stock Exchange
Internal models can cut capital requirements for longevity and mortality risk – RMS
Standard formula for mortality and longevity risk a 'crude' measure, says Risk Management Solutions
Banks must prepare for more Fatca-style legislation, experts warn
The likelihood of Fatca-style legislation from other jurisdictions means banks must be prepared
Tullett Prebon and Allianz to launch Solvency II data service
Benchmark OTC curves 'will help insurers calculate risk data for market risk models'
Facebook makes its debut as a structured product underlying
Investors in Europe have been buying structured products linked to Facebook since its stock market launch and now US investors will get a chance to do the same as the first product linked to the company's shares is registered with the SEC
Dealers pitch loan format for swaps as CVA dodge
Banks are offering to replicate the economics of OTC swaps in loan format - avoiding new capital and clearing rules
DTCC looking to ink agreements with other trade repositories in Asia
US firm takes steps to co-ordinate the reporting of OTC trades between different Asian locations
Credit Risk USA: Direct buy-side clearing 'not feasible'
Added cost and mutualised risk will discourage direct clearing participation, panel concludes
Current crop of equity and bond indexes criticised by Asia-Pacific investors
Concentration issues and a lack of diversification cited as problems in Edhec-Risk survey, though no alternatives in sight
Parala Capital launches 'index of indexes' in conjunction with Dow Jones Indexes
Macro strategy boutique Parala Capital has signed its first index deal with Dow Jones Indexes
Credit Risk USA: Real estate, rates and bank competition a concern, says OCC
Deputy comptroller gives sneak-preview of possible systemic threats that will be highlighted in a forthcoming OCC report
Deposit flight threatens banks' eurozone ALM efforts
Attempts to match assets and liabilities on a country-by-country basis could be threatened if Greece exits eurozone, lenders fear
NY Fed's Dudley fears CCP capital 'cliff effect'
Supervisors should ensure the capital regime for cleared trades avoids a sudden leap in risk weights, says New York Fed president
Former SG executives launch multi-commodity discretionary hedge fund
Ex-SG commodities executives Christophe Cordonnier, Frédéric Lasserre and François Beuzelin launch broad-based discretionary fund
Europe gets long and short ETFs on US and UK sovereign debt, with leverage
The first exchange-traded funds to offer daily leveraged exposure to US and UK sovereign debt have been listed in Europe