News
Banks blame complexity for slipping tri-party reform targets
Reforms to $1.59 trillion tri-party repo market are set to miss industry deadlines, and could now spill into 2012
Korea short-selling ban leaves dealers reeling
Korean regulators unveiled a three-month short-selling ban in a bid to calm equity markets following a 17% fall in the Kospi since the start of this month. The prohibition went live on August 10, forcing major dealers to unload excess stock inventory at…
New op risk system patent, using Bayesian networks, awarded to IBM
Patent project spearheaded by Jonathan Rosenoer is one of a very few op risk system patents to be awarded
US funds seeing ‘increasing demand’ for pension risk management
Pension funds in the US are becoming increasingly aware of the need for pension risk management and pension risk transfers, as new pension regulations are implemented
Oil analysts count cost of recession on crude prices
Commodity analysts re-examine their oil price forecasts in light of current economic deterioration, as the long-term economic outlook remains unclear
European debt twilight zone claims Société Générale
Markets turn against French banks in general - and SG in particular - on a day short on solid news and long on rumours
India looks to introduce hedge fund regulation
India has released draft regulations that could create a platform for the emergence of a domestic hedge fund industry
Risk & Return Australia 2011: Co-ordinated supervision critical for global financial stability
Speakers at Risk & Return Australia 2011 believe the ability of supervisors to implement regulation around the world in a consistent manner is the most critical component to financial regulatory reform. They also believe the timeframe for new rules needs…
US bank CDS spreads spike following US downgrade
Spreads on Bank of America spike following US debt downgrade and news of AIG lawsuit; other US names also widen
Bond markets rally as ECB moves on Italian and Spanish debt
Yields on Italian and Spanish debt fall as European Central Bank signals it will implement its bond purchase programme
Eurozone crisis prompts Euro1 payment service to cut credit floors
Interbank payment service will reduce minimum credit line to €2 million
Study says funds of hedge funds see limited diversification benefits
FoHFs see limited diversification benefits
European Parliament calls for delay in Solvency II implementation
Parliament calls for delay but European Insurance and Occupational Pensions Authority says it would like aspects of implementation to start now
Barclays provides Japan with first listed ETNs
Barclays provides Japan with first listed ETNs
Index and ETF providers look to alternative weighting to avoid the 'concentrations and trend following bias' of market-cap weighted indexes
Index and ETF providers look to alternative weighting to avoid the 'concentrations and trend following bias' of market-cap weighted indexes
Global economic growth concerns outweigh Greek default and Spain/Italy bail-out fears: Risk poll
Risk.net poll supports IIF deputy managing director Hung Tran's view that global economic recession stands head and shoulders above fears of Greek default and Italy/Spain bail-out
Oric-ORX merger off
Talks between Oric and ORX regarding a possible merger have been called off owing to a lack of common ground
Investors caught out by strength of Swiss franc and yen
Intervention from Swiss and Japanese authorities last week to weaken currencies meets with mixed success and leaves trading desks facing uncertain environment
Mexico driving put skew in Brent, say brokers
The put skew in Brent crude oil is close to its yearly high. This is being driven by the hedging programme of Mexico, as well as more general risk aversion on macroeconomic worries, according to brokers
Basel III charge could spur interest in CCDS
Development of CCDS could be pushed ahead by Basel III CVA charge, suggest market participants
German CDS spreads soar 80% in a month as crisis hits eurozone core
Credit spreads on core eurozone countries climb on market jitters
Bank of England aims to cut op risk exposure to payment systems
Moves to overhaul Chaps will cut risk for central bank as well as members, says Chris Salmon, chief cashier at the Bank of England
Japan’s new leverage limit will hurt carry trade, says Glenn Stevens
Japan FSA's 25:1 leverage limit implemented on August 1 could kill the popularity of the carry trade for retail investors, says Gain Capital's chief executive
Barroso calls on eurozone to speed up completion of EFSF legislation
EC president calls for urgent action on bailout mechanism, but analyst says it could be months before the EFSF is legally allowed to purchase government bonds on the secondary market