News
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
Longevity risk transfer market ‘set to boom’ in Japan
Accounting and regulatory changes will drive demand, say participants
Macquarie to offer bespoke beta and absolute return commodity products from June
Macquarie is extending its existing commodity sales and trading platform with the launch of a commodity investor products business, which will be led by ex-Goldman Sachs global head of commodities
Goldman Sachs' resignation linked to 'hypocrisy'
Goldman Sachs' treatment of clients not unusual, psychologist says
FSA more sanguine on structured deposits as Lord Turner scorns innovation
The UK Financial Services Authority has issued another massive document containing its thoughts on structured products and, notably, stating that its concerns about structured deposits are no longer critical
Derivatives blamed for Goldman Sachs' 'toxic' culture
Resignation letter links derivatives trade to moral collapse at bank
CFTC taking ‘check-the-box’ approach to cost-benefit analysis, says congressman
Chair of the general farm commodities and risk management subcommittee accuses the CFTC of conducting only token cost-benefit analyses on Dodd-Frank rule-makings
CCPs need to provide margin efficiency, says industry panel
Central clearing will place a huge burden on end-users, forcing CCPs to consider how best to create operational and margin efficiencies
FTSE, S&P Indices and MSCI form trade association
The index providers have joined forces to launch an independent global trade body, the Index Industry Association
Fatca passthru payments to be simplified, expert says
Fatca passthru payments need to be scaled back, according to one industry expert
CME to launch portfolio margining on interest rate swaps and futures
Dealers will be able to cross-margin interest rate swaps, and eurodollar and Treasury futures, from May
China-focused hedge fund gains on domestic bets
Hedge fund CSV Capital Partners sees Chinese domestic sectors rising even as economic growth slows. The fund backs companies with exposure to the Chinese consumer as retail sales continue to grow
The last word: convergence of funds
The leading question
Mandate Watch: BNP harvests cross-border Mongolia mandate
BNP harvests cross-border Mongolia mandate
People moves, spring 2012
People moves, spring 2012
ECB compromise on Basel III adjustments gets mixed response
An ECB proposal for the European Systemic Risk Board to have oversight on whether European regulators can adjust Basel III for macro-prudential purposes gets a mixed response from central bankers
Energy sector drives commodity ETPs higher
With continued tension in the Middle East putting upward pressure on oil prices, commodity exchange-traded products have seen strong inflows so far in 2012, led by energy and precious metals
Low US natural gas prices stir hedging talk
As the boom in North American shale gas production continues to feed an oversupplied market, US natural gas prices sank to 10-year lows last week. Gas consumers are taking a serious look at seizing the opportunity to lock in prices — but remain hesitant…
Absa Capital unveils five ETNs based on precious metals and currencies
Absa Capital has launched five exchange-traded notes, providing investors with exposure to precious metals and currencies.
Esma under pressure to opine on asset-class specifics in Emir
A public hearing on Emir draft technical standards earlier this week leaves market participants with ongoing concerns over asset-class specifics and implementation time frame
Wells Fargo issues correlation structures and keeps up with longer tenors
Two of the latest structured products Wells Fargo has registered in the US public market are based on multiple underlyings, making a play on correlation. The supply registered with the US Securities and Exchange Commission on March 8 includes 88 new…
IAIS examining ways to increase regulator exchange of information
Supervisors urged to sign up to IAIS multilateral memorandum of understanding to allay concerns over sharing of confidential information
Lack of clarity over buy-side derivatives reporting responsibilities
New derivatives regulation will require all derivatives trades to be reported to trade repositories – but some confusion exists over who has the responsibility to report
US banks could lose competitive edge in Europe, says EIB
US regulations on mandatory clearing and uncleared margin could put US dealers at a competitive disadvantage in Europe, says EIB