News
Energy Risk USA: End-user exception to clearing impractical experts warn
The Commodity Futures Trading Commission’s proposed rule on the end-user exception to clearing is unworkable for many energy firms that use swaps for hedging say market experts
Energy Risk USA: CFTC to move quickly on swap definition – Berkovitz
The US Commodity Futures Trading Commission (CFTC) is very close to finalising its long-awaited definition of a swap, says CFTC general counsel Dan Berkovitz
No more Fed letter commitments expected, says Dudley
New York Fed will "stand down" as the CFTC and SEC "stand up", says New York Fed president
Why structured products might benefit from the FSA's Retail Distribution Review
Market participants in the UK are optimistic that the removal of commission in favour of fees for financial advice as part of the Financial Services Authority's Retail Distribution Review will help sales of structured products
VAR models in Vietnam give ‘false sense of security’
Lack of data for models is a function of Vietnam’s new capital markets – but no reason why the quality of data cannot improve over time, say speakers at Risk Vietnam conference
Cyprus presidency fears add urgency to CRD IV talks
Ecofin votes through new regulatory regime - and final amendments appear to give UK extra freedom - but work remains before Danish presidency ends on July 1
Research report outlines scope for Saarc power trading
Power trading across the Indian subcontinent is set to grow in size and interconnectivity, according to a GBI Research report
JP Morgan’s ‘London whale’ losses spark VAR debate
In-house probe will look at role of internal model change, among other factors
Nixon joins IIF
IIF appoints deputy managing director
Insider fraud rising, but controls improving, survey suggests
Cifas study finds sharp rise in UK fraud by staff
GRC uptake increases, OpRisk survey finds
62% of institutions have opted for GRC software
Asian volatility indexes too illiquid to hedge risk
Asia’s volatility products are not yet liquid enough to draw local investors away from the CBOE Vix
Korea ELW crackdown leaves traders unhedged
Dealers are left unable to hedge ELS positions as liquidity dries up in Korea’s warrant market
MarkitServ and Traiana vie to build clearing utilities
Middleware firms set to compete in creation of credit-checking hub - but critics say rival utilities would undermine the service
CFTC drops 85% exchange-trading limit
Final rule scraps controversial requirement that 85% of any contract must trade on exchanges
Recovery and resolution diverting attention from real risks, expert warns
RRPs are distracting risk professionals, one legal expert says
iShares launches single-country eurozone debt ETFs
iShares is offering a play on uncertainty in the eurozone with the launch of eight ETFs that offer exposure to the sovereign debt of individual eurozone members
CFTC Dodd-Frank rule-making to drag on until fourth quarter, says O’Malia
CFTC commissioner raises doubt over time line for Dodd-Frank Act – despite a proposed five-month delay
Corporate trades should not face CVA charge – Risk.net poll
Two-thirds of respondents think trades with corporates should be exempt from Basel III's CVA capital charge
US equity ETFs draw big bucks as European ones lose them
While North American equity ETFs have had big inflows since the start of the year, those based on European equities have had huge outflows
Dash to leave S&P Indices ahead of merger with Dow Jones Indexes
Srikant Dash will leave S&P Indices on June 1 after 12 years at the company, to be replaced by Jim Bailey. Dash's departure will come a month ahead of the merger with Dow Jones Indexes that will see S&P's Alex Matturi take over as CEO of the merged entity
US insurers review FSA restrictions on life settlements
Insurers 'keen to close down market' in controversial investments
Dynamic commodity strategies in demand as investors seek flexible exposure
Third-generation, dynamic commodity strategies are on the rise as increasingly sophisticated investors seek to capitalise on fast-changing trends in commodities
Dow Jones Indexes jumps on demand for alternatives
Alternative asset ETFs have seen a big increase in assets this year, and Dow Jones has joined in the trend with the licensing of a new multi-asset index for ETF creation