News
US carbon outlook: John Melby, GreenX
John Melby of Green Exchange (GreenX) discusses the current carbon market in the US, the potential for international links in the future and the emergence of other environmental markets such as water
Cole: FCA will be more interventionist than FSA
Margaret Cole of the FSA tells participants at a CSFI event that a change in culture from the FSA to the FCA will allow for a more proactive regulator
Excessive capital requirements will make markets more chaotic – Myron Scholes
Nobel winning quant makes the case for market-making as a stabilising force and a source of returns
Merged Spanish savings banks expected to have greater appetite for structured products
Consolidation among Spanish savings banks has temporarily stalled structured products distribution, but many believe larger distribution channels will eventually result from the mergers
Nomura names fixed income research head
Des Supple replaces Jim McCormick as EMEA research head for fixed income
Spanish government debt issuance competing with structured products, say providers
Spanish regional government bonds aimed at retail investors are causing concern among some structured products providers
Lloyds abandons AMA
Lloyds has abandoned the AMA after trying to combine two models, losing key staff and coming under scrutiny from regulators
Macroeconomic uncertainty boosts demand for gold and oil exposure
Continued uncertainty about inflation and deepening concerns over sovereign default risks in Europe are making the commodities increasingly attractive as hedging tools
EFETnet, DTCC to set up commodity derivatives repository
A partnership between EFETnet and DTCC aims to create a global commodity derivatives trade repository, which will provide regulators one point of contact for trade data
Largest Sifis should hold capital surcharge of at least 3%, says FDIC’s Bair
FDIC chairman Sheila Bair rejects argument by some bankers that a Sifi surcharge is not necessary
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…