News
ITV completes £1.7 billion longevity swap with Credit Suisse
Trustee chairman Graham Parrott says the deal removes "significant risk" from the television company's pension scheme
ABI redundancies in the face of Solvency II
Shake-up will also entail "resourcing-up" Oric to help members prepare for internal op risk modelling
CFTC repository rule won't save regulators from data leak bills, say European supervisors
The CFTC's attempt to protect non-US regulators from an indemnity clause in the Dodd-Frank Act will fail, European regulators fear
Options traders braced for further SNB intervention
Demand has switched from downside euro/Swiss franc options to upside options in anticipation of further Swiss franc weakening measures from SNB, say senior options traders
IIF calls for co-ordination in banking and insurance regulation
In its latest report, the IIF calls for cross-sector co-ordination in banking and insurance regulation
Deutsche pips UBS to BT Financial deal
Deutsche Bank has secured a contract to offer CPPI to clients of BT Financial in Australia, via its wrap platform.
BoA appoints Laughlin as chief risk officer
Replaces Bruce Thompson, who becomes chief financial officer
DTCC appoints new group chief risk officer
Noel Donohoe will head ERM, op risk and systemic risk teams
Berg new CRO at Swedbank
Crisis specialist Berg takes over as chief risk officer at Swedish bank
Aviva Europe appoints new chief risk officer
Doug Brown joins insurer
SEC commissioner Casey steps down
End of term for longest-serving US regulator
NCUA sues Goldman Sachs for $491 million
Bank mis-sold mortgage-backed securities to credit unions, regulator says
SEC obtains restraining order against Select Asset Management
$52 million fraud misused investor capital, SEC claims
SEC freezes $32.5 million of Swiss entities' assets
Court favours insider-trading suspicions in Arch Chemicals case
RBS hires Hua for China role
Qing Cheng Hua joins RBS China from JP Morgan Chase
SOR headache for Singapore banks as rates enter negative territory; MAS defends stance
Profits at banks in Singapore issuing mortgages and loans based on SOR may be severely dented as the rate turned negative for the first time last week and is predicted to remain this way in the medium term
EMCF joins push for central clearing interoperability
All four Bats Europe and UBS MTF central counterparties now allow interoperability
Cat product to transfer oil spill risk to capital markets
Catastrophe product looks to capitalise on perceived investor appetite for oil spill risk
US 'shooting itself in foot' with derivatives margin rules - Issa
Congressman Darrell Issa attacks margin rules that threaten to isolate US banks. Foreign regulators say they have no plans to copy the proposals
Stoxx launches Global Rare Earth Index as high-tech demand for rare metals soars
Stoxx launches Global Rare Earth Index as high-tech demand for rare metals soars
Fatca could lead to systemic and reputational risk, says BBA
The BBA has submitted a letter to the US Treasury and IRS raising concerns that Fatca could cause systemic and reputational risk
Banks departs BNP Paribas
BNPP's global head of forex and local market sales left the bank last week and is expected to leave the industry altogether after 24 years
Risk.net poll: regulatory changes are not making compensation more risk-based
Basel III's higher capital levels mean "bankers' pay will come down"
US oil and gas M&A at $39 billion
Merger and acquisition (M&A) activity in the oil and gas sector registered a rise in average deal value, according to a PricewaterhouseCoopers (PwC) report