News
Equity structured products head leaves RBS
Head of equity derivatives structuring in the Americas departing for personal reasons
Rajaratnam sentenced to 11 years for Galleon insider trading
Galleon insider trader Raj Rajaratnam has been given a record sentence in the US for insider trading
Korean banks face funding challenges due to eurozone debt crisis – RBS
Despite most Asian banks remaining insulated from the eurozone debt crisis, Korean banks are at greatest risk due to their reliance on high levels of external borrowing, according to RBS report. Meanwhile, the growth of the renminbi presents a liquidity…
Energy Risk Europe: Oil up $4/bbl for every 1% hike in China, India oil imports: report
New research provides evidence that a relationship exists between the demand for oil from China and India and Brent crude prices
Emir should include exchange-traded derivatives, says Gensler
CFTC chairman says European regulators should expand scope of Emir to include all derivatives, rather than OTC only
Energy Risk Europe: energy trading firms' technology not ready for new rules
Many energy trading firms have yet to begin getting the technological infrastructure in place to comply with new EU and US financial market regulations, say panellists
Energy Risk Europe: regulators need to differentiate between banks and non-banks
Regulators should be wary about applying financial market regulation to all end-users, warn panellists
Brics to cross-list equity derivatives via new alliance
A new ‘Brics exchanges alliance’ has been formed to allow investors to trade equity index derivatives of each participating exchange in local currencies. The move comes as Asian exchanges increasingly are establishing alliances to promote cross-border…
Basel Committee appoints Australian regulator as next secretary-general
The Basel Committee on Banking Supervision has appointed Wayne Byres as secretary-general, replacing Stefan Walter
Energy Risk Europe: Remit language too loose, say panellists
Weaknesses exist in the language of new rules meant to prevent use of insider information and other forms of market abuse in the wholesale energy sector
Risk.net poll: CCPs should have access to central bank liquidity
The majority of respondents to an online poll support central bank liquidity access for CCPs, but critics argue this would be likely to lead to the break-up of multi-currency clearers
Société Générale adds to rates strategy team
Alberto Brondolo and Julian Wiseman appointed to expand SG CIB’s global rates research efforts
EBA stress test: Santander’s sovereign swaps exposure not disclosed
Banco de España chose not to report Santander’s sovereign derivatives exposure to the EBA because it was 'not material'
Energy Risk Europe: eurozone sovereign debt fears could exacerbate oil supply problems, says Currie
Fears that the sovereign debt crisis will lead to global financial shock is causing oil producers to reduce inventory and cut back investment – creating a potential supply problem in future, warns Goldman Sachs commodities research head
US banks at a disadvantage in face of Volcker rule
Non-US banks will have an advantage over US counterparts when it comes to prop trading, according to one legal expert
SEC charges former UCB executives with misleading investors
SEC charges former UCB executives with failing to disclose losses that led to the bank crashing in 2009
Basel Committee's Sigor to undertake review of operational risk regulatory framework
Wide-ranging review seeks to raise operational risk capital and overhaul the basic indicator and standardised approaches
People: Citi unveils quant strategies group
Citi unveils quant strategies group
COE discussions herald onshore structured products market in Brazil
Stepping onshore
FSB: risk managers should advise on compensation
FSB remuneration guidelines suggest all firms should have risk management executives on compensation committee
FSB warns members not to misinterpret G-20 commitments
The FSB warns that some regulations appear to be contrary to the spirit of the OTC derivatives reforms agreed by G-20 members – a statement some believe was prompted by a disagreement over the scope of European derivatives regulation
Video: Banks can arbitrage central bank liquidity provision
A conflict between new liquidity regulations under Basel III and existing central bank operations leaves a gap that banks may be able to exploit, warns financial stability expert
Australian banks still face liquidity challenges, FSB peer review finds
A Financial Stability Board peer review finds the Australian financial system remains strong but banks face Basel III liquidity and wholesale funding challenges
European bank spreads decline amid talk of recapitalisation plans
Risk perceptions on European banks fall as Merkel and Sarkozy agree to produce a recapitalisation plan within the month