News
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
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