News
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
Commission unveils contentious Eurobond proposals
European Commission unveils three options for Eurobonds in bid to restore stability in Europe; analysts say the measures are politically unviable and ineffective
Swiss regulator to limit insurer internal model use
Finma to increase focus on standard model for Swiss Solvency Test after underestimating resources needed to approve internal models
Korean regulator seeks further crackdown on ELW market
Financial Services Commission considers restrictions on liquidity providers to cool down Korean warrant market
Credit Suisse launches algo index platform with bespoke systematic strategies capacity
Credit Suisse has launched an algorithmic platform that enables the creation of customised indexes based on liquid and listed instruments to give investors access to systematic equity investment strategies
Long-time Madoff employee charged with fraud
SEC charges another Madoff executive for his role in the multi-billion dollar Ponzi scheme
Adoboli given extra month to respond to 'rogue trading' charges
Ex-UBS trader Adoboli's plea hearing has been adjourned until December
Structurers must work harder to dispel structured products' risky image, warns industry
Failure to meet the needs of investors means many people still view structured products as risky investments
EU proposals for credit ratings rules require close monitoring by hedge funds
Draft language could affect the way hedge funds perform their own internal credit analysis
O'Sullivan quits SG CIB
Co-head of forex trading has left the French bank after relocating to New York earlier this year
Structured Products Europe: volatility-based products come out of the shadows
Volatility was at the heart of the conversation at the Structured Products Europe conference in Frankfurt on November 21. Though whether volatility-based structured products will ever be sold in large volumes to retail investors in Europe continues to be…
AMF fines Société Générale €2.5 million for internal control failings
The French financial markets regulator has penalised SG for failures during the financial crisis
Commodities market data increasingly key: market players
Inside Market Data's experts discuss the evolving market for commodities data sets in commodities webcast
Greek reversion to drachma easier than euro conversion, say analysts
If Greece were to leave the eurozone it would have to establish a new currency in record time; analysts explain how the process would be simpler today due to technological advances
Video: Schroders HK chief bullish on development of offshore RMB bond market
Lieven Debruyne, chief executive of Schroder Investment Management (Hong Kong), is eyeing up opportunities in the dim sum bond market
Op risk will help determine bonuses, UBS promises
Ermotti promises culture that "safeguards and reinforces our reputation"
Tobam’s joint venture with FTSE set to open doors for ETF distribution
Tobam and FTSE have launched an index series based on diversification, offering a more risk-based view than the more traditional market cap weighting
EU member states want to use judgement to set buffer rules, says working paper
EU Polish presidency paper highlights concerns over aspects of the counter-cyclical capital buffer rules under CRD IV
Australia gives green light to covered bonds in Basel III liquidity drive
ANZ issues first Australian covered bond following government reforms; covered bonds seen as part of the solution to address liquidity shortage under Basel III
Riccardo Rebonato quits RBS for Pimco
Ex-head of front-office risk management and quantitative research will join Pimco on December 1 as head of rates and FX analytics
MF Global collapse should prompt rethink of CFTC rule on CCP membership, say dealers
The bankruptcy of MF Global should prompt the CFTC to reconsider the $50 million cap on minimum capital requirements set by CCPs on clearing members, say bankers
SEC whistleblowing project pulls in seven tips a day
Foreign tips about financial crime unexpectedly common, ex-regulator says
ANZ appoints new chief risk officer
Chief risk officer Chris Page to retire after 39 years in banking. ANZ names Nigel Williams as his successor
OCC seeking change to rating ban in Dodd-Frank, reveals Walsh
Banking regulator talking to Congress about altering the Dodd-Frank Act to allow a limited use of credit ratings