News
Miskovic steps down as UBS risk chief
UBS chief risk officer leaves after September rogue-trading losses
Mixed opinion over compensation for energy intensive firms
The recently released autumn statement shows compensation will be offered to energy-intensive companies as a result of UK climate policy, but questions remain around the details of the initiative and the level of compensation on offer
Renewable energy companies increase derivatives use: survey
Companies in the renewable energy industry are increasingly turning to financial derivatives to manage risk
G14 dealer group adds two members
Nomura joined the group at the end of August, while Crédit Agricole is expected to join in the first quarter next year - in part a response to regulator criticisms that the group had become too exclusive
Eksportfinans faces collateral questions following downgrade
Junk-rated export lender says it has enough reserve liquidity to meet obligations while it is being wound up - but dealers are not convinced
US judge rejects 'inadequate' settlement between SEC and Citi
Manhattan federal judge refuses to approve SEC settlement relating to Citi's negligence over 2007 CDO
Sectors and strategies gain market share as exchange-traded products thrive
The healthy exchange-traded products market is seeing increasing demand from investors for access to specific sectors, as well as for dynamic strategies that can adapt to prevailing market conditions
Axa IM fixed-income head says euro collapse more inflationary than ECB printing euros
It is difficult to foresee borrowing costs for Italian, Spanish or other troubled debt falling permanently with "anything other than the ECB being used as a lender of the last resort", says Chris Iggo
Work needed to ensure regulations mesh, says SFC’s Alder
Further international co-ordination is needed if the G-20 deadline for central clearing of standardised OTC derivatives is to be met, says new SFC chief executive
Eurozone volatility set to affect structured product pricing and payouts in the UK
A surge in implied and realised volatility in the eurozone will significantly impact the pricing of structured products in the UK market, say market participants
Risk.net poll: global Sifi status is desirable, say 31% of respondents
Risk.net poll: global Sifi status is desirable, say 31% of respondents
Rolls-Royce completes £3bn longevity swap deal
Deal is latest in longevity swap trend that has seen more than £11 billion in pension scheme liability risks transferred to banks and insurers
Bank of England sets out code of practice on electronic trading
Members of the FX Joint Standing Committee comment on the recently reviewed Nips code, which includes a new section on electronic trading
Cyber Security Strategy needs regulatory backing, expert says
UK government's Cyber Security Strategy release needs regulatory backing, according to one industry expert
Inflation-linked structured products on the menu for UK investors
UK distributors are capitalising on rising inflation with structured products that offer returns linked to the Retail Prices Index
StanChart’s global head of Ficc departs
Remy Klammers has left Standard Chartered and is understood to be starting his own business
Volcker rule delays likely as opposition grows
Rule may slip up to two years before full implementation, following criticism
Deutsche's Sutton: industry must collaborate on Fatca front
The industry must come together to prepare for US anti-tax evasion regulations in the same way it has collaborated on the legal entity identifier project, according to Deutsche Bank's Julia Sutton
ECB offers CSDs financial incentives for early T2S adoption
European Central Bank offers central securities depositories (CSDs) financial incentives to sign up to T2S early; governing council gives CSDs until the end of April to agree
Banque de France outsources collateral management
French central bank agrees collateral management deal with Euroclear France; entire French banking community will use new system next year
Tough Middle East sanctions put AML under spotlight
Banks' anti-money-laundering processes will come under scrutiny in the face of tougher sanctions in the Middle East
German CDS spreads level out after weak debt auction spooks markets
Cost of insuring against a German government default remains stable after yesterday’s lacklustre debt auction, but risk perceptions on German banks surge
EU financial transaction tax proposals would hit pensions hard, say experts
Pension funds could soon have to bear the cost of a Europe-wide tax on equity, bonds, currency and derivative transactions, finds Lynn Strongin Dodds
Fatca costs will fall on European firms, says JP Morgan exec
Head of European sales says new legislation produces an "untenable situation" where if clients choose to be non-compliant, firms will have to disengage from them