News
Dutch pension reforms could cause unwinding of swap hedges
Dutch pension reforms could cause unwinding of swap hedges
IIF warns Solvency II risk charges may lead to imprudent asset allocation by insurers
IIF warns Solvency II risk charges may lead to imprudent asset allocation by insurers
EU Parliament adds to calls for Solvency II delay, but uncertainty remains
EU Parliament adds to calls for Solvency II delay, but uncertainty remains
Major disagreement over commodity trade repositories
Multiple plans to open trade repositories fuel concerns
Commodity trading data leak relights speculation debate
Commodity trading data leak relights speculation debate
India’s CCIL set to become currency options trade repository
The Clearing Corporation of India is already well ahead of rivals in Asia when it comes to receiving OTC interest rate derivatives data. It now looks set to become the country’s trade repository for non-rupee currency derivatives, as the clearer moves to…
RBS launching gamma hedging algo for forex clients
New algorithm is designed to automatically hedge gamma sensitivity of foreign exchange options
Mexico’s hedging programme gears up for 2012
This week Mexico’s Congress will begin to debate the price at which the country hedges its oil exports next year
CME Chilean peso clearing service awaits first trade
The CME blames FCMs for the delay in offering its clearing service of non-deliverable forwards in USD/Chilean peso
Regulators wary of new corporate deposits that sit outside Basel III LCR
Basel III arms race begins with product that uses a rolling, embedded option to keep deposits outside bounds of new liquidity ratio
Thaker quits Bank of America Merrill Lynch
Global head of structured rates and currencies trading Neh Thaker leaves bank
Credit Suisse: first cleared coking coal swap
Credit Suisse has announced the completion of the first cleared coking coal swap transaction, based on a new over-the-counter cleared contract on the CME
Risk Japan 2011: Too-big-to-fail rules should be scrapped in favour of ‘bridge banks’
Japan looked at the need to impose excess capital for systemically important financial institutions in the 1990s and rejected it in favour of ‘bridge banks’ which could inherit losses in the event of a major bank getting into trouble. One university…
Risk Japan 2011: Japan, Europe need to team up to address Dodd-Frank extraterritoriality
Speakers on a panel at Risk Japan 2011 in Tokyo on August 30 debated the effects of international regulatory developments on Japanese financial institutions. Some parties believe Japan needs to team up with Europe to push back on Dodd-Frank…
Longevity swaps 'a natural hedge' for pharmaceutical and care home industries, says Swiss Re
Longevity swaps could acts as a ‘natural hedge’ for pharmaceutical and care home industries, according to Swiss Re
Shifting towards specialism will provide integrated oil companies with best returns says AT Kearney
Optimum shareholder value in the oil and gas sector is likely to come from a specialist approach rather than the traditional integrated oil company model, according to a recent report by management consulting firm AT Kearney
New standard CSA could be rolled out in Q2 2012
An implementation plan for the new standard CSA is set to be reviewed by the Isda board in September, with a first-phase roll-out expected as early as the second quarter of 2012
Inclusion of legal losses in op risk databases has banks fretting
Banks worry Basel rules requiring legal events to be included in operational risk databases earlier might mean the information is used against them in legal proceedings
Risk Japan 2011: MUFG risk chief hits out at supervisors on RRPs
Masao Hasegawa, CRO at Mitsubishi UFJ Financial Group, says he was taken aback by a regulatory requirement to develop a resolution and recovery plan before year-end
Risk Japan 2011: Mizuho Securities CRO praises Fed's Jackson Hole position; looks to Japan's new prime minister on JGB security
During a question and answer session at Risk Japan 2011 in Tokyo today, Mizuho Securities chief risk officer, Kenji Fujii, tells delegates Fed chairman, Ben Bernanke, was right not to have announced a new wave of quantitative easing last week. He also…
Leveraged return super trackers back
Demand for leveraged call spreads, commonly referred to as super trackers, with highly geared upside and soft protection, is slowly coming back. Investors are looking to diversify counterparty exposure away from high street banks and inflation growth…
Banks face high costs for Fatca compliance
Banks might need to set aside up to 40% of their operations change budget to make themselves Fatca compliant
Multiple repositories must adhere to common standards, says CPSS-Iosco
International coalition of regulators recognises the likelihood that multiple trade repositories will be set up along global, regional or national lines and sets out recommendations for minimum standards
People: UBS expands derivatives structuring
People: UBS expands derivatives structuring