News
OpRisk Europe: EBA calls for common approach on CRD
Bernd Rummel describes EBA push for Europe-wide approach to capital rules
JP Morgan private bank recruits Lum to cater to China ultra-high-net-worth individuals
The US bank has continued its recruitment drive in the region, snaring Rebecca Lum from UBS to look after wealthy Chinese individuals offshore
Deutsche Bank merges OTC and listed clearing businesses
Deutsche restructures clearing initiatives in response to global regulatory push towards OTC derivatives central clearing
Industry supports risk-adjusted bonuses for risk managers, according to Risk.net poll
Sixty-five per cent of respondents support separate pay structure for risk managers
Geithner letter to Hungarian minister weighs in on Emir open access debate
Market participants believe US letter endorses a narrowing of Emir scope, but a Treasury official says the letter draws attention to gap in regulation
Schroders names fixed income head for Asia
Rajeev de Mello will replace existing head, How Phuang-Goh, who retires
Andrés Portilla promoted at IIF
Portilla becomes director of regulatory affairs at IIF, while David Schraa is promoted to regulatory counsel
BritNed debut well-received; step to single market
Healthy trading volumes and auction interest bode well for the BritNed interconnector, say European power market participants. Anna Reitman looks at the prospect of a spot market
As US hurricane activity falls, Asian weather risk rises
US weather conditions are purported to become more neutral this year, but forecasters are already looking to Asia as a potential risk management growth area. Pauline McCallion reports
Carbon price of €60/ton needed to hit targets say traders
Carbon brokers estimate that €60 per European Allowance (EUA) will be needed in the third phase of the Kyoto protocol if the 80% emissions reduction target is to be met by 2050.
Trading positions - June 2011
Energy Risk catches up with the latest appointments, promotions and departures in global commodity markets
Buy-side firms urged to avoid stampede to CCPs
Panel participants encourage buy-side firms to engage with CCPs early to avoid a last-minute rush
Internal model compulsory for variable annuity providers in Ireland, says BOI’s Elderfield
Internal model compulsory for variable annuity providers in Ireland, says BOI’s Elderfield
Solvency II could alter product mix of US subsidiaries of European insurers
Solvency II could alter product mix of US subsidiaries of European insurers
Rothesay offloads longevity risk to US
Rothesay offloads longevity risk to US
Pension funds must focus on ‘left tail’ risk
Pension funds must focus on ‘left tail’ risk
BNY Mellon names Alan Harden as first CEO for Asia-Pacific
BNY Mellon Asset Management has hired Alan Harden from ING Investment Management as its first chief executive for the Asia-Pacific region.
Basel III liquid asset definitions loosened in CRD IV draft
Draft legislation seen by Risk contains less prescriptive language on what counts as an eligible liquid asset under the liquidity coverage ratio
Dodd-Frank puts market manipulation on the radar
Dodd-Frank regulation could usher in more market manipulation cases such as the recent CFTC case against Arcadia Petroleum, Arcadia Energy and Parnon Energy, say market experts
Central bank liquidity would help CCPs in distressed situations, says BIS
BIS weighs in on CCP central bank liquidity access debate
Buy-side firms call for greater margin security
US FCM omnibus model needs to be strengthened for OTC derivatives, say buy-side participants at a CFTC round table
Italy is real eurozone endgame, says top credit quant
Eurozone can finance a Spanish bail-out, but an Italian default is the real test of common currency’s survival, says NYU's Edward Altman
Scarps are to account for a quarter of the UK market this year, says Legal & General
UK investors are more prepared to take an element of risk in return for higher yields, according to UK market participants