News
UK Structured Products Association joins the JAC
The SPA is the latest addition to the Joint Associations Committee, which has been bolstering its membership in recent months following the release of its core structured products principles
Going-concern triggers on CoCos unrealistic, says White
Contingent capital instruments designed to provide a capital boost before the point of non-viability are laudable but unrealistic, says former RMMG chair Mark White
On the move
People moves across Asia
OpRisk Europe 2011: Video
OpRisk Europe speakers and delegates give insight into the 13th annual OpRisk conference
CME names Le Noble head of Asia
Former Newedge Japan head, Julien Le Noble, has taken on the top position for CME Group in Asia. He will be based in Singapore
Hearing on Libor class action venue due
US dollar Libor banks could find out details of a class action lawsuit against them as early as August
Time for a single reserve currency is over, warns Gulliver
HSBC chief executive expects renminbi to become a reserve currency within 15 years and shares the bank’s outlook for the Chinese currency
People moves
BIS reshuffle: King, Ingves in – but White steps down
Peer review needed to prevent regulatory arbitrage, says AMF
Clearing rules 'won't work' unless US and European regulators can agree on detail, says senior French regulator
Equity should be included in LCR – Risk.net poll
Equity should be included in Basel III liquidity coverage ratio, say respondents
Eurozone authorities are losing credibility – CNB’s Singer
Credibility is key in crisis resolution and European authorities are failing to achieve, warns Miroslav Singer, the governor of the Czech National bank
California carbon scheme delay “prudent”: EDF
California's decision to delay carbon trading compliance until 2013 “will give the cap-and-trade programme it’s best chance of success”, says AB 32 co-sponsor
US still has no plans to give Asian sovereigns Dodd-Frank exemption, says Hong Kong regulator
Asian countries are concerned about the lack of Dodd-Frank Act CCP exemptions for sovereigns; proliferation of CCPs carries its own risks, say dealers
Shortage of underlyings is stunting development of renminbi products, say providers
Market participants say a lack of renminbi-denominated underlyings is slowing down the development of renminbi-denominated equity-linked products
Dow Jones Indexes offers exposure to scarce and renewable commodities sector
The Dow Jones Global Commodity Equity 100 Index suite tracks companies involved in the exploration or production of scarce and renewable commodities
Growing global gas demand to end Asian LNG spot market?
Experts question whether the nascent spot market for liquefied natural gas (LNG) in Asia could disappear if excess supply replaces nuclear in Germany and Japan
Spot USD/CNH fixing in HK poised to become derivatives benchmark
Hong Kong interbank participants have created the first US dollar to offshore renminbi price fixing giving the city first-mover advantage in becoming an offshore centre for renminbi products such as derivatives, say market participants
Inflation and interest rate differentials favouring emerging markets
Long-term prospects for emerging markets look promising, but a more challenging global backdrop and ongoing inflation pressures argue for continued caution, according to European market participants
European stress tests not complete; EBA’s Enria
European Banking Authority chief says speculation on results of European stress test are “completely unfounded”
BAML's Lipton: discrete models essential to cut CVA computation costs – Video
Top quant says a CVA model that is 80% accurate but takes 20% of the time is "very attractive"
Chris Taylor exits Incapital to launch independent consultancy
Following Chris Taylor's departure from structured products provider Incapital earlier this month, this week sees the launch of his new endeavour, The Investment Bridge
Credit Risk 2011: Basel III overreaching into macro-prudential policy, say panellists
Basel III counter-cyclical buffer a misguided, macroeconomic tool, say industry figures
Basel Committee responds to RWA dispute
Roldán says the standards and implementation group of the Basel Committee will investigate risk-weighted assets
Source lists EMEA ETF on London Stock Exchange
Source ETF provides exposure to Europe, the Middle East and Africa, including Russia and South Africa, which have strong growth stories