News
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
Constellation's Boultwood talks ERM and stress testing
Brenda Boultwood of Constellation Energy talks about her approach to Enterprise Risk Management and stress testing
OpRisk Asia: reputation is a different breed of risk, panel says
Reputational risk can be managed but not modelled, speakers say
RBS certificates 'guarantee outperformance' against gold and silver
RBS has launched a series of certificates that offer investors in Germany exposure to precious metals and the Dax at a discounted price
BlackRock to create index funds on new MSCI ESG series
MSCI's latest environmental, social and governance index series includes ex Controversial Weapons indexes and SRI indexes based on its ESG research ratings
OpRisk Asia: regional growth could undermine ORM, conference hears
Continuing growth in the Asian market means expansion could override caution in operational risk
Brazil nears structured product milestone
New rules will boost local market for retail products, issuers hope
OpRisk Asia: regulatory change bigger than it looks for operational risk
Regulatory reforms seem to have left operational risk untouched, but in reality they mean substantial changes
Basel Committee will not impose CoCo requirement for Sifis
Basel Committee proposes a staggered common equity capital surcharge for systemically important banks, but steers clear of contingent capital
BNP Paribas names Hawley as Asia fixed-income head as Foch takes global role
BNP Paribas is relocating its head of fixed income for the Americas, Bob Hawley, to Asia to take over from incumbent Henri Foch, who will move to London as global deputy head of fixed income in London
Mervyn King lands three BIS roles; new BCBS chair named
Bank of England governor will chair the Basel Committee's oversight body. The committee itself will be chaired by Stefan Ingves, governor of Sweden's central bank
Chi-East moves to connect Asia's dark pools
Joint venture between Singapore Exchange and Chi-X Global expects to announce four new members in the next two months
Boon to US leverage ratios as FASB ditches netting proposals
Derivatives accounting proposals abandoned to relief of dealers - but move deals a blow to hopes of convergence between US standards and IASB
Banks and ECNs join forces to prevent FX flash crash
Citi, JP Morgan and Morgan Stanley join Deutsche Bank on Traiana's enhanced CreditLink service
Citi launches onshore Brazilian fund linked to US stocks
Citi fund enables investors in Brazil to explore non-local underlyings while retaining the comfort of an investment in their home currency
FSA's Turner: RWA divergence would undermine Basel III
FSA chair highlights growing concern about foundation of risk-based regulatory capital system
CFTC position limits: GFI's Cosgrove
Michael Cosgrove of GFI Energy talks position limits, real-time reporting and collateral posting