News
Risk India: ETFs set to grow in India, but regulators wary of systemic risk
A panel of experts at the Risk India conference in Mumbai believes the ETF market is set for growth in India, but expressed concern about synthetic products
Citi reorganises structured products; Burns to accept new role
Citi has announced a reorganisation of its structured products group, mixing institutional and regional structuring and opening distribution to most of the bank's retail investment products
DTCC and Swift eye FX trade repository
New York-based group set to develop trade repository for every other OTC asset class and has pitched for foreign exchange in partnership with Swift
IIF’s Dallara criticises Basel Committee for shortcomings on governance reform
Institute of International Finance managing director Charles Dallara “deeply troubled” by the Basel Committee’s lack of focus on bank risk culture
Australian regulators suggest clearing exemption for foreign exchange
Reserve Bank of Australia discussion paper commits to harmonising rules with US and Europe
Fraud by long-serving employees rising, survey finds
Typical fraud is committed by senior financial managers and goes unnoticed for three years, according to KPMG
Indian insurance regulator adopts industry software for product vetting
The Indian insurance regulator is ramping up its product approval process, after adopting the same pricing software as its insurers – and the signs are that more Asian regulators may follow this trailblazer.
Council of Europe pushes full implementation date of Solvency II back to 2019
Full impact of Solvency II’s interest rate term structure will not be felt until seven years after the directive’s introduction
Dodd-Frank extraterritoriality will hurt US banks – Risk.net poll
More than two-thirds of respondents think the long arm of Dodd-Frank will put US banks at a competitive disadvantage
Insurers poised to arbitrage Solvency II-compliant rivals in Asia
Insurance companies active in the Asia-Pacific region are closely studying their European rivals to exploit any regulatory arbitrage opportunities presented as European Union insurers move to adopt Solvency II risk capital rules. But short-term gains in…
Exotic options listing on JSE expected to precipitate more ETPs
The first exotic currency options have been listed on the Johannesburg Stock Exchange as market participants anticipate moves towards on-exchange trading
JPM’s Zubrow: US margin rules 'will kill our overseas swaps activities'
US banks will be shut out of the market for uncleared derivatives, says JP Morgan's chief risk officer
Paul Hawkins new global head of commodities at Credit Suisse
Credit Suisse has hired Paul Hawkins as a managing director and global head of commodities, to join in August.
US inflation outlook spells bad news for most asset classes, says economist
The US will be hit by inflation over the next few years as economic factors that have kept rising prices in check start to reverse, and while equities may remain strong in the near term, the long-term outlook is bearish for most asset classes, according…
Negative long-term US inflation outlook means hedging currently underpriced for insurers and pension funds
Current US economic data is masking the cheapness of inflation hedging
Deutsche snaps up structurer Chan from BarCap
Susan Chan has left Barclays Capital and will take up the role of head of equities structuring at Deutsche Bank from September 1
Risk & Return Brasil: Supervisors need to be more curious, says Maia
Authorities should put less faith in numbers and what they are told by banks, says top Brazilian supervisor
LCR should include equity, says ACP’s Nouy
Basel III liquidity coverage ratio should admit equities with significant haircuts, says Danièle Nouy at the Autorité de Contrôle Prudentiel
Multi-alpha strategies dominate commodity index developments
Banks are developing combined index strategies that allow investors to access a broader range of trading styles to maximise alpha
Dow Jones launches currency-hedged versions of Dow Jones-UBS Commodity Index
Dow Jones has integrated a currency hedging mechanism into its benchmark commodities index to meet demand from non-US dollar investors
Op risk needs greater R&D effort, say US regulators
Senior Fed regulators call on banks to restart research into op risk management
People: King crowned head of ETNs at Credit Suisse
Greg King's arrival at Credit Suisse is one of many recent moves in the structured product and ETF markets
Aramco Trading advances towards launch
More demand for trading systems from Middle East expected as Aramco Trading selects ETRM system
CFTC to provide Dodd-Frank deadline exemptions today
Dodd-Frank deadline exemptions should limit market disruption, but more clarity on rules and timings needed, says CFTC commissioner Scott O’Malia