News
Indian banks to provide Basel III liquidity data in advance of 2013 deadline
Reserve Bank of India tells domestic banks to start reporting aspects of Basel III liquidity strength measures from June this year – ahead of the 2013 reporting timetable outlined by the Basel Committee
South African investors favour gold ETFs over gold stocks
South African gold mining stocks underperformed the world's largest gold ETF by 10% in 2011, boosting demand for gold exchange-traded funds
European Parliament’s plenary vote on Omnibus II delayed again
Concerns mount over Solvency II implementation timetable as plenary vote rescheduled to September
South African structurers struggle to meet demand for tax efficiency
Changes to the capital gains tax regime in South Africa are skewing returns and could pose increasing problems for product structurers, warn market participants
New US EPA rules seek to dethrone old King Coal
New US EPA rules seek to dethrone old King Coal
Bail-in plans could undermine Basel's NSFR
Basel III rules that require banks to issue an estimated €2.7 trillion in long-term debt could be thwarted by plans to make investors accept losses
Isda working group close to finalising standard CSA
Latest proposal extends number of silos from five to 17, mirroring approach taken by LCH.Clearnet
Singapore banks lukewarm on covered bonds
Banks in Singapore are unlikely to issue covered bonds in large amounts even if the local regulator’s consultation on the issue is successful
New EC rules on Prips to be released in the form of a regulation
Legislation the European Commission is preparing for structured products is being circulated to European Union member states and will come in the form of a regulation. Richard Jory analyses the final draft document
SEC subpoenas Wells Fargo in fraud investigation
Bank accused of failing to provide necessary evidence
Coutts appoints chief risk officer for Asia
D'Souza fills a role left vacant since November 2011
Esma must mirror US Treasury’s FX exemption, says EC official
Patrick Pearson, head of the European Commission unit that drafted Emir, says forex swaps and forwards must be exempt from clearing under Esma standards
Euro crisis could cause full EU break-up, warns ex-BoE official
John Gieve, former deputy governor for financial stability at the Bank of England, warns of an "explosion" waiting to happen in the EU
FSA releases final guidance on retail structured products and does not equate complexity with riskiness
Though little has changed since the FSA published draft guidance on structured products towards the end of last year, the newly released formal guidance contains an additional steer on the subject of stress testing
OpRisk North America: Back ORM with data not anecdotes, conference told
More analysis needs to be conducted on operational risk losses, says academic, who presented his own research on fraud to conference delegates
OpRisk North America: Speakers question value of capital numbers
Op risk capital calculations might be flawed or irrelevant, conference hears
OpRisk North America: Crisis highlighted op risk model failures, says Adachi
Model risk emerged as a key lesson from the crisis – and a significant variation in op risk modelling approaches exists today, says Sigor chair
Asian investors warm to volatility as demand for yield enhancement strategies grows
The need for better returns in a low-yield market environment is encouraging Asian investors to take a closer look at alternative investment strategies and the use of volatility as a hedging tool, with banks launching more enhanced, dynamic strategies in…
Need for matching premiums recognised in Econ vote
Amended Omnibus II text acknowledges a matching premium is necessary, but there is no detail on how it will work
2011: The year of the hacktivist
The majority of data thefts last year were ideologically driven, study finds
Basel III commitment in question, says ex-committee member
The ongoing crisis in Europe is casting doubt over Basel III framework, says a former Basel Committee member
OpRisk North America: Keep an eye on KRIs, says Cruz
More focus needs to be given to key risk indicators, says Morgan Stanley’s Marcelo Cruz
Sovereign CDS market needs to learn lessons from Greece, dealers say
An auction to settle the Greek sovereign CDS goes smoothly, but some participants argue the documentation needs to be revisited
S&P Indices partners with Isda to assess credit quality of US and European banks
S&P Indices launches equally weighted proxies that measure the quality of US and European banks in conjunction with Isda, the trade body for the global OTC derivatives industry