News
Insurers could withstand Greek and Italian default, says Fitch Ratings
Insurers could withstand Greek and Italian default, says Fitch Ratings
Swiss Re: pharmaceutical and care-home sectors could provide capacity for longevity swaps
Swiss Re: pharmaceutical and care-home sectors could provide capacity for longevity swaps
Liquidity swaps face uncertain future as FSA consults on risk management
Liquidity swaps face uncertain future as FSA consults on risk management
Cool response to Esma proposal that strategy indexes comply with Ucits diversification rules
The European Securities and Markets Authority has asked whether diversification within strategy indexes should be judged within the confines of Ucits, while also requesting responses to a discussion paper on synthetic and physical ETFs
Bank of England's FPC seeks to unlock Basel III tool-kit
Systemic risk committee at the Bank of England calls for power to use tools - such as liquidity and leverage ratios, and margin standards - to influence systemic risk
Agreement closer on 2014 implementation date for Solvency II
Transitional provisions must still be agreed
Investment club manager guilty of $40 million fraud
A Michigan-based investment club manager has pleaded guilty to fraud after losing $40 million invested by more than 750 clients
RBC Capital to pay $30.4 million to settle charges
RBC Capital is charged with misconduct in the sale of CDOs by the SEC
Auditors to be changed every nine years, EC proposes
Leaked draft EC regulation demands sweeping changes in auditor regulation
HFT is changing the ecology of the FX market, says BIS committee
Bank for International Settlements report on high-frequency trading in the FX market is lukewarm about recent initiatives to monitor HFT and recommends further analysis by regulators and participants
Risk.net poll – UK Treasury is right over ECB lawsuit
Respondents to a Risk.net poll support the UK Treasury’s decision to sue the ECB over its proposal to require CCPs clearing euro-denominated contracts to be legally incorporated in the eurozone
Canadian OTC derivatives repository unnecessary, say market participants
Critics argue a Canadian OTC derivatives repository would lead to fragmented and inconsistent data
Airlines face 82-million tonne shortfall of carbon allowances in 2012
The commercial airline sector will have to buy 82 million tonnes of carbon allowances next year in addition to free allowances, according to an aviation consultancy
Turmoil continues at UBS as Grubel steps down
Chief executive takes the fall for $2.3 billion rogue-trading losses
Greater focus on OTC derivatives op risk required in Asia – Celent
Market participants in Asia need to focus more on operational risks associated with their resurgent OTC derivatives trading volumes, especially as the market moves towards trade repositories and central counterparty clearing, according to a new report…
Structurers seek ways to tap Chinese growth as equities suffer
Structurers seek ways to tap Chinese growth as equities suffer
Marsh appoints new head of risk consultancy
Richard Waterer becomes head of Marsh Risk Consulting (MRC) in the UK and Ireland
SEC could sue Standard & Poor's over faulty CDO rating
The SEC may charge Standard & Poor's with breaking federal security laws in its rating of a 2007 CDO.
Carney to banks: stop blaming each other
Mark Carney, Bank of Canada governor, tells banks to stop accusing others of bad behaviour
Banks make structured products cutbacks in Australia
Departures from Bank of America Merrill Lynch, RBS and UBS come as retail structured products sales have failed to regain momentum following a collapse in volumes since the global financial crisis
Video: BBA says banks at risk of losing investors under ICB proposals
The capital requirements in the ICB report could make investment in financial institutions unattractive
Three members of family jailed for boiler-room fraud in UK
Three members of family jailed for boiler-room fraud in UK
SEC files subpoena enforcement action against Deloitte
SEC files subpoena enforcement action against Deloitte
US CFTC charges investment adviser with $3 million fraud
US CFTC charges investment adviser with $3 million fraud