News
OpRisk North America: Op risk is high and increasing, says OCC
Operational risk is on the rise in high-volume markets, regulators say
Middle distillates to strengthen on supply constraints?
Middle distillates to strengthen on supply constraints?
OpRisk North America: Too much confidence in risk models, OCC’s Levonian warns
OCC regulator warns risk managers to re-examine data integrity and be wary of model risk
Latest FSC crackdown decimates South Korean equity-linked warrants market
New rules on liquidity provider quotation thresholds see spreads widen and equity-linked warrants turnover plummet by more than 90%, leading investors to look offshore
Risk Annual Summit: Buy-side firms call for clearing changes
Eligible collateral for CCP margin needs to be reviewed – and regulators also need to ensure the clearing exemption for some end-users is not negated by Basel capital rules, say buy-side firms
Risk Annual Summit: CVA rethink needed, says HSBC risk specialist
Market risk hedges should be recognised when calculating CVA capital charge, says HSBC market risk modelling head
Risk Annual Summit: Emir rules will be binding from 2013, says Pearson
Esma doesn’t have much time to draw up technical standards, but regulators will be ‘nimble on their feet’, says EC’s Pearson
Risk Annual Summit: Loan and bond markets will suffer under Basel III, say panellists
Supervisors should embrace new form of securitisation to encourage bank lending, argues Ernst & Young’s Patricia Jackson
Risk Annual Summit: No answers on how to cope with CCP default, says Pearson
Regulators are looking at how financial markets could be proofed against the collapse of a CCP – but there are more questions than answers at the moment, says the EC’s Patrick Pearson
Risk Annual Summit: Deutsche credit risk head questions CRD IV timeline
Banks have nine months until elements of Basel III are due to come into force, but details of implementing legislation are still being debated
Investors split on 100-year gilt proposal
An ultra long-dated gilt will provide observable market data for liability discounting, but investor demand at the 100-year maturity is questioned
CFTC rule sounds death knell for FIA-Isda trilateral give-ups
Final rule forbids documentation revealing identities or limiting counterparty choice
Belgian private banks shy away from structured products
Extracting value from high-net-worth investors became a priority for Belgian banks in response to the Financial Services and Markets Authority's moratorium, but as mounting regulatory pressure spooks investors, private banks are bringing their structured…
UBS offers investors a bite of Apple
UBS has filed two reverse convertibles linked to the stock of Apple, while JP Morgan picks Netflix as a technology underlying
Dow Jones Indexes offers broader Russia index for use in Lyxor ETF
Dow Jones Indexes has increased the number of components in the Russia GDR Index to 17 for use in the Lyxor ETF Russia exchange-traded fund
EC paper sheds light on dangers of shadow banking
The potential for shadow banking to damage the wider banking system and disrupt the macro-prudential aims of the ECB has been highlighted in the latest green paper from the European Commission
Identifiers key to repository success, say participants
Consistent reporting to multiple trade repositories under new OTC regulations will depend on the successful adoption of legal identifiers
Eusipa: European retail structured product volumes fell sharply at end of 2011
The European umbrella structured products trade association has reported that structured product volumes on stock exchanges in Europe fell 26% in the final quarter of 2011
Ice to compete with CME and LCH.Clearnet on FX clearing
Competition in forex clearing intensifies as LCH.Clearnet receives regulatory approval and Ice explains how its rival offering will differentiate itself
Bänziger steps down as Deutsche Bank CRO
Stuart Lewis to take chief risk officer role as Deutsche Bank announces management reshuffle
Gensler defends new CFTC block trade proposals
Revamped rules were not designed to mirror scope of old exemptions, CFTC chair tells FIA conference
International regulators uneasy over Volcker rule
Ban on proprietary trading could affect liquidity in non-US bond markets, regulators argue
Japan earthquake produced 'cultural change' on supply chain risk
Permanent shift in thinking about supply chain continuity, BCI survey finds
Dealers worry about risk of $500bn overnight liquidity drain
Dealers are concerned that intra-day margin call guidelines, which they claim could drain up to $500 billion from financial markets, could make it into final CPSS/Iosco principles