News
Flowers defends MF Global as a ‘prudently run’ securities firm, despite Chapter 11 filing
JC Flowers head says reliance on short-term funding is a weakness of whole securities industry – not just MF Global. He adds a worsening eurozone crisis could lead to investment opportunities in troubled banks
Gordon appointed as head of risk management at RBNZ
New Zealand's central bank RBNZ appoints new head of risk management and assurance
RWE npower: Challenges to UK power sector could provide revenue source for end-users
A potential revenue stream will open up over the next few years for energy-intensive corporations in the UK to sell back-up power to fill supply gaps left by retired plants, says RWE npower
Decision on dual-capital model use in 2013 'not imminent' as FSA takes legal advice
Question of how Solvency II model can be used in 2013 unlikely to be resolved quickly as FSA promises to 'explore' options
CFTC’s Chilton: lessons learnt from MF Global
MF Global “new poster child for the need for thoughtful regulation" that must be "proactive, nimble, quick", says CFTC’s Chilton
Energy risk manager outlines post-Dodd Frank reporting vision
Energy risk managers must develop a sustainable reporting system and not focus on finding "perfect technology", says ConocoPhillips risk manager
Risk.net poll: G-20 will not meet deadline for OTC derivatives reforms
The vast majority of respondents to a Risk.net poll do not believe G-20 members will meet the end-2012 deadline for all standardised OTC derivatives to be cleared through CCPs
Quant Congress Europe: Quants urged to ditch equilibrium models
Equilibrium models do not represent real markets and need to be replaced with models that take explicit account of real capital flows, says Alex Langnau
Quant Congress Europe: Peter Carr introduces ‘meta-modelling’
Morgan Stanley quant tells Risk's annual European quantitative finance event that modelling assumptions should be considered in light of calibration needs - even if this leads to discrepancies
Solvency II Orsa consultation clarifies key points, but challenges remain for insurers
Insurers still need to develop an effective format ‘to articulate risk and solvency position’, warns PwC
Basel proposals reduce need to sign guaranteed portability agreements
Changes to bank capital rules on CCP exposures remove the need for bank clients to enter into contractual agreements to port trades to other clearing members
CCP capital rules could discourage client clearing, critics claim
Revised Basel rules provide little capital incentive for clearing members to clear trades on behalf of clients, bankers argue
Energy Risk Trading positions – November 2011
Energy Risk catches up with the latest appointments, promotions and departures in global commodity markets
Biomass exchange: catalyst for European renewables?
Biomass exchange: catalyst for European renewables?
Ferc to re-examine wider impact of California power crisis
Ferc to re-examine wider impact of California power crisis
Video: European power market participants bullish on market coupling
Participants within Europe's electricity markets expect market coupling to continue apace in the next few years, making a European-wide integrated power market possible by 2014
CSRC’s Shang takes over from Liu at CBRC; industry veterans selected to head CSRC and CIRC
A round of new chairships was completed in October across three Chinese financial regulators in a move that saw the heads of two Chinese state-owned commercial banks promoted to lead the securities and insurance regulators
FSB unveils list of global systemically important financial institutions
Four Asian banks are among the FSB's initial list of global systemically important financial institutions, including three from Japan and one from China
Asset allocation plays 'thin on the ground' as UK market continues to favour FTSE
Amid tougher market conditions and regulatory scrutiny, FTSE-only products remain the norm for UK investors, but adapting to stricter regulations could strengthen structured products’ position as an investment proposition, say market participants
Acer to issue guidelines to clarify Remit definition problems, says Pototschnig
The head of the Agency for the Cooperation of Energy Regulators says new non-binding guidance will appear shortly after the Remit regulation is published in the EU's official journal
Amir-Mokri appointed to US Treasury
Cyrus Amir-Mokri is the new assistant secretary for financial institutions at the US Treasury.
Non-US banks stunned by Volcker compliance regime
Non-US banks stunned by Volcker compliance regime
Energy players assess MF Global fallout
MF Global’s bankruptcy is unlikely to significantly impact commodity markets, participants say, but could affect the Dodd-Frank rule-making process
Regulators plan co-ops as answer to OTC fragmentation
CLS Bank-style regulatory council could be applied to trade repositories and CCPs to avert market fragmentation, but French regulators are not convinced