News
FX Week USA: Recovery has taken a nose dive, IMF warns
Monetary and capital markets deputy director Christopher Towe tells conference delegates that ongoing vulnerabilities could sow the seeds of the next crisis
Read and Causer bet on Spanish and Italian bonds
Opportunities exist thanks to volatility, the Invesco managers say. However, M&G's Woolnough disagrees and remains bearish
DTCC, Swift reveal details of repository plans
Swift will provide its existing FX derivatives messaging traffic while DTCC will leverage its expertise in the provision of repository services, the two firms have told FX Week
Quant Congress USA: Market efficiency is testable, claims Jarrow
Top quant claims traditional pricing models assume markets to be efficient – and says he can prove they're not
Quant Congress USA: BMW options "a recipe for disaster", says Dupire
Naive treatment of interaction between skew and correlation means writers of best-middle-worst options will face huge hedging losses, says top quant
Big bank CDS moves blamed on Italy, rather than stress tests
Eight banks fail EBA stress tests – but big CDS spread moves for European banks are seen as Italy-related
Bank strategy indexes risk getting sucked into Mifid automated trading consultation
Bank strategy indexes risk getting sucked into Mifid automated trading consultation
Taiwan's regulators express concern over product approvals
Taiwan's regulators express concern over product approvals
BNP Paribas and Janus Capital Group launch capital-protected fund
BNP Paribas and Janus Capital Group launch capital-protected fund
Citi launches onshore real-denominated structured fund
Citi launches onshore real-denominated structured fund
New Isda equity definitions to 'stand the test of time', lawyers claim
Participants say long, difficult talks will set stage for standardisation and central clearing
Former BA trustees vow court battle over move to CPI
The former trustees of the BA Airways Pension Scheme have vowed to take the scheme to court over its controversial move to stop paying pensions in line with RPI inflation
Updated: Renewables groups urge Lords to wave through feed-in tariff cuts
Industry associations urge House of Lords not to reignite feed-in tariff row
ECB 'sidelined' in sovereign crisis debate, says analyst
Eurogroup lays out plans to provide bail-out fund with greater flexibility to address sovereign risks; analyst says message sends signal European Central Bank is being “sidelined” in discussion
RWAs too easily manipulated, finds Risk.net poll
Sixty-nine per cent of respondents urge regulatory action on risk-weighted assets
Video: Reliance Capital's Lav Chaturvedi on risk management in India and the dangers of reg arb
Lav Chaturvedi, chief risk officer at Reliance Capital, speaks about the challenges facing the derivatives industry in India, including the introduction of a credit default swaps market, and the dangers of regulatory arbitrage in the current regulatory…
iStoxx seeks to catch interest in global indexes
The banking division of Natixis is to create a series of structured products and funds based on Stoxx's index basket, which combines European, US and Japanese equity baskets
Forex options clearing complicated by guaranteed settlement requirements
CPSS-Iosco guaranteed settlement requirements make foreign exchange options clearing more difficult, say participants
EBA will open bank books, Enria pledges
New regulatory authority needs to provide transparency, rein in Sifis, to be a success, says EBA chair Enria
Italian CDS spreads endure wild ride
Morgan Stanley strategist urges decisive policy response
ETFs linked to agricultural commodities surge as supply tightens
Exchange-traded funds linked to some agricultural commodities such as wheat have seen the strongest investment inflows over the first part of the year, with soft commodities presenting low or stretched inventory levels leading the trend
ECB and World Bank call for exemptions from US derivatives rules
World Bank believes imposition of national regulations on multilateral development institutions is unprecedented intrusion on the internal operations of international organisations
Collateral transformation needs to be carefully planned by clearing members, says Isda’s O’Connor
In an exclusive video interview, Isda chairman Stephen O’Connor says there is a finite capacity for clearing members to provide collateral transformation services to their clients