News
Danish and Latvian debt offices weigh two-way collateral
The costs of transacting swaps with one-way CSAs mean more debt offices could join Hungary, Ireland, Portugal and Sweden
PowerShares adds to high beta ETFs to capitalise on bull markets
Invesco Powershares has listed two exchange-traded funds that provide exposure to high-beta stocks from emerging and developed markets
CFTC: largest 6% of CDS and rates trades to get block exemptions
Hundreds of OTC product types would receive different reporting and trading thresholds under new CFTC proposals - but there is no exemption for equity derivatives
Futures markets could get OTC-style safeguards
Futures market participants expect tougher - and more expensive - collateral protections to be introduced as a result of the MF Global debacle, and the CFTC is ruling nothing out
Six Swiss Exchange opens Cosi listings to UK banks
The exchange will allow UK banks to issue products using its collateral secured investments (Cosi) service from the UK. Germany is also expected to be on the list to receive the extended service
Falling volatility makes buying options compelling, says Deutsche Bank strategist
Low volatility means purchasing options is now attractive, even for higher-beta sectors, according to a Deutsche Bank strategist
Ambition of Basel's trading book review has faded, sources say
Patchwork of risk measures - including standalone CVA charge - may be left intact
Suspected $150 million rogue trade uncovered at Threadneedle
City of London Police investigating blocked trade
HSBC voted best for retail structured products in Greenwich Associates survey
HSBC leads the Greenwich Associates survey rankings for retail structured product quality, while Barclays Capital has the best-known franchise among distributors and BNP Paribas retains top spot in Europe
Deutsche Bank and SCM announce first ETF of ETFs to be listed in the UK
db-X trackers and SCM have partnered to list an actively managed exchange-traded fund that provides exposure to a selection of Deutsche Bank ETFs and ETCs
Market welcomes ‘pragmatic’ approach to central clearing by MAS
Singapore regulator wants central clearing but is agnostic over where it takes place
RWA probe could cut modelling flexibility, says new Basel chief
A stricter approach to the modelling of bank capital is "high likely", as a result of concerns that risk-weighted asset numbers are too divergent
Refiners step up hedging activity
Refineries in Europe have stepped up their hedging activity in recent months as they take advantage of a recovery in margins, market participants say
Financial market shake-up in Spain triggers changes in retail structured product wrappers
Fiscal and regulatory reforms announced by the new Spanish government have led market participants to rethink wrappers and product maturities, with growth and fund-linked products likely to benefit
Greek bailout deal fails to dent CDS spreads
Sovereign spreads flat or wider despite agreement on fresh bailout for Greece
IETA concern over set-aside implementation
The International Emissions Trading Association believes market credibility in the European Union Emissions Trading Scheme could come under threat if a set-aside scheme is implemented
NAIC chief optimistic on US equivalence with Solvency II
Work plan being developed with NAIC as European regulators seek 'different approach' to equivalence
CDS market holds breath as Greek bail-out talks continue
Spreads are static and volumes light as EU finance ministers and the Greek government try to reach agreement over bail-out terms
Ex-Goldman Sachs programmer freed
Appeal court overturns conviction for code theft
Singapore’s FX exemption welcomed as a sign of global consistency
A proposal by the Monetary Authority of Singapore to exempt forex swaps and forwards from mandatory clearing is seen as a positive move to harmonise treatment of foreign exchange with the US
Fast-starting Esma will still run out of time, critics say
Esma has published a discussion paper on new clearing rules just five days after the high-level text was agreed - but a quick start and a three-month deadline extension might not be enough
CCPs fear prescriptive Esma standards on margin and risk
Esma could take key risk management decisions out of the hands of CCPs, according to new discussion paper on the technical standards required by European clearing rules
New anti-money laundering recommendations 'will prompt weaker countries to clean up corruption'
Tax crimes to be punished by same laws as AML
Cole to leave UK FSA
Managing director's departure comes before regulatory overhaul