News
Little seasonal cheer for bank CDS spreads
Europe's big banks have endured a rocky month of ratings downgrades, eurozone discord and funding stress
ACT warns of risks from regulation in 2012
Basel III and Emir could push companies out of Europe, predicts ACT deputy policy director
Exelon-Constellation merger edges closer to completion
On the back of further regulatory approvals, the creation of the largest competitive energy provider in the US is now looming ever closer
CFTC "got it wrong" on block trade threshold rule
Large swap definition to be re-proposed following industry backlash
Asia’s risk professionals warn of unintended consequences of Basel III
Basel III rules may cause banks to reduce lending, worsening the economic slowdown, warn risk professionals in Asia-Pacific
Mandate Watch: winter 2011
Year ends with new wins and relationships extended
People moves: winter 2011
People moves
SEC charges against Fannie Mae and Freddie Mac execs are 'effort to rehabilitate reputation'
Securities fraud charges brought against former top executives seen by one legal expert as attempt by regulator to improve image
HKEx to introduce volatility index futures
HKEx has announced the trading of futures on the Hang Seng volatility index starting from February next year. Market participants say this marks an important first step in the development of Asia-based volatility products
Nomura makes senior Asian equity appointments
Nomura hires Christopher Carter as head of equity derivatives Japan, and makes a number of promotions within its Asian equities team
Basel statement on risk transfer could halt legitimate trades, bankers warn
Basel Committee focuses on cost of protection in attempt to stamp out capital arbitrage, but dealers worry that sound trades will also suffer
Risk.net poll: CFTC should re-think $50m rule for CCPs
More than three-quarters of respondents to a Risk.net poll think rule capping membership criteria at $50 million in capital should be changed following collapse of would-be clearer MF Global
Off-take deal targets West coast REC demand
Long-term REC off-take deal hedges West coast renewable energy compliance needs out to 2030; RECs demand expected to increase
On the move
On the move
Corporates fear move to platform trading for forex options
Despite being exempt from clearing and exchange trading requirements in the US and Europe, some corporate treasurers fear they might have little choice but to execute forex options on electronic platforms
European Insurers face downgrades amid continuing sovereign debt crisis
Generali subsidiaries and Groupama receive downgrades; Aviva placed under review
Old Mutual appoints group risk officer
Sue Kean has been promoted to the role from head of governance and regulatory compliance
Regulatory pressure prompts Bank of Singapore to name new compliance chief
OCBC subsidiary splits risk and compliance roles
Further uncertainty on Solvency II rules as Omnibus II vote postponed
Key vote by European Parliament could be delayed further
OECD debt offices call for derivatives collateral debate
New report calls for debt offices to weigh the pros and cons of two-way collateral and clearing
HK margin rules on uncleared swaps should include exemptions, say market participants
HK margin rules on uncleared swaps should include exemptions, say market participants
Regulation, credit are major challenges for energy traders in 2012: Trayport’s Davies
Regulation and credit are two of the biggest challenges facing energy trading companies in 2012, says James Davies at Trayport.
Sovereign debt crisis spurs investment in cat bonds
Life insurers and pension funds using insurance-linked securities as diversifier, as deal activity jumps in fourth quarter
Chinese banks will avoid Fatca, observers warn
Banks in China will find ways to avoid complying with Fatca, according to industry experts and observers