News
Arguments on artificial volatility dampeners must focus on fundamentals, warns Skinner
Arguments on artificial volatility dampeners must focus on fundamentals if political consensus is to be reached, warns Skinner
Internal fraud will rise in 2012, experts warn
Internal fraud is on the increase in the face of downsizing and recession, according to industry experts
Near-record fines indicate FSA's harsh approach to market abuse
Latest fines include second-highest individual market abuse penalty so far
Adoboli pleads 'not guilty' to UBS fraud charges
Alleged 'rogue trader' enters plea at third hearing
CCIL’s Roy: CCP settlement for Indian CDS three years away
The Indian CDS market, which started trading at the end of last year, will need three years before trades can start being cleared through a central counterparty, says clearing house CRO
Basel guidance on settlement risk delayed until June
Updated guidance on foreign exchange settlement risk from the Basel Committee and CPSS was originally expected by the end of 2011, but now has an expanded remit
Asia learning from Europe’s mistakes, says Malaysia’s top central banker
Countries in Asia are learning lessons from Europe, where financial integration has led to costly implications, according to Malaysia’s Akhtar Aziz
FSA reveals regulatory mission
FCA's Martin Wheatley says the FSA's power to ban investment products will not be used lightly or without good reason, tempering some of the statements emerging from the UK regulator over the past year
Sarfati to move on as Société Générale rings the changes
Arnaud Sarfati will leave SG CIB after the latest restructure, which sees the number of co-heads at the bank dramatically reduced
Delay to Solvency II is ‘pure speculation’, says European Commission
But MEP Peter Skinner says European Parliament vote cannot be delayed again
State Street unveils global cloud technology for ETF servicing
State Street has expanded its servicing capabilities to enable daily ETF monitoring, from basket-creation through to trade processing and settlement
US natural gas price rally set to be short-lived: analysts
Planned production cuts by US natural gas firms will not be enough to keep natural gas prices supported this year, and analysts say that record storage levels and mild weather could push New York Mercantile Exchange Henry Hub prices below $2 per million…
Basel Committee considers use of credit ratings in LCR shake-up
The scrapping of the level 1 and level 2 distinction for liquid assets is also discussed as the committee reviews the liquidity coverage ratio
Draft Fatca regulations will include reciprocity, experts say
Industry experts say Fatca draft regulations are likely to include reciprocity elements
Inflows into exchange-traded products could rise 15% this year, says report
Lyxor reveals faltering asset flows for ETP market in 2011 but predicts a better year ahead as commodity-based products shine
Finra furthers US complexity debate
Finra's January notice warns firms to increase supervision on complex products and introduces notion of post-approval review
Investors turn to utilities, gold and dividends for stable returns as equities sink
Poor equity market performance is driving investors into alternative asset classes such as utilities, gold and dividends in the search for stable returns
Obama announces intent for Sieminski to head US EIA
US President Barack Obama has announced his plan to nominate Deutsche Bank's Adam Sieminski as head of the Energy Information Administration
Swaps push-out a 'vast overreaction', says OCC's Walsh
Section 716 of the Dodd-Frank Act is based on a misperception of OTC derivatives, says acting OCC head - who also acknowledged criticism of US uncleared margin proposals
Icap's Spencer: 'not a prayer' of UK agreeing to FTT
Proposed EU trading tax would be vetoed by UK, says Icap's Spencer - if not, the broker will move its London HQ to New York
ECB in talks with dealers on buying inflation-linked bonds
Dealers will present their case as to why the ECB should buy linkers as well as nominal bonds in a conference call today
Investors in Asia-Pacific look to rates-based hybrids for yield
Low interest rates mean market participants expect the trend for hybrid structures to continue this year, boosted by demand for yield pick-up and diversification
Whitehead replaces Neviaski at SG CIB
New global head of commodities at Société Générale Corporate & Investment Banking (SG CIB)
Use of OECD ratings in US market risk proposals questioned
Country risk classifications "are not sovereign ratings" says OECD. US regulators last month proposed using them as an alternative to external credit ratings