News
Isda chairman: US banks could be hamstrung by Dodd-Frank
Isda chairman warns House Committee on Agriculture that extraterritorial application of swaps proposals could make US banks less competitive
Nomura launches South Korea Government Bond Index featuring liquidity screening
The South Korea Government Bond Index aims to offer investors increased tradability through the use of a liquidity enhancement mechanism
House committee approves extension for Dodd-Frank rule-makings
Vote is unlikely to delay reform implementation
Increase in corporate hedging boosts derivatives industry in Asia
Banks in the Asia-Pacific region have benefited from a more active year in derivatives, as corporates seek to hedge their currency and interest rates exposures following a slowdown during the financial crisis
Energy companies warned on end-user status
Energy Risk USA speakers concerned about reliance on end-user status; urge energy companies to begin Dodd-Frank compliance planning
Fed to kick off annual stress-testing programme 'towards end of the year'
FRB building models to compare and benchmark bank results from late 2011
Mortage company chair convicted on 14 counts of fraud
Sigtarp says: "This is the most significant criminal prosecution to date rising out of the financial crisis"
Sentences handed down in Omni fraud case
Delroy Davy convicted of bank fraud, sentenced to 14 years in prison
SEC charges three execs in California with boiler room fraud
mUrgent Corporation and three of its executives charged with $10 million fraud
UBS ordered to pay $160 million in fines by SEC
Swiss bank charged with undermining the competitive bid process of municipal securities
British banks ring-fence more than £5 billion for PPI compensation payouts
Banks will not appeal decision of judicial review regarding complaints against them and have set money aside for settlements
Worry about Greek CDS misguided, dealers suggest
Dealers believe fears about Greek sovereign CDS trigger event are overplayed
Dodd questions restricting collateral to cash
Co-author of the Dodd-Frank Act shares concerns of energy companies that wish to post non-cash collateral to meet new requirements
SEC appoints director for national broker-dealer examination programme
Will oversee a staff of about 300 responsible for the inspections of US-based broker-dealers
Poulos joins Citi as global head of business continuity
Says crisis management is 'vital' part of new role
Surprise choice for Dutch central bank chief
De Nederlandsche Bank announces Klaas Knot as next president, while previous favourite Lex Hoogduin decides to leave central bank
CFTC rule-making narrows field in repository race
CLS decides not to pitch to become a foreign exchange repository provider after CFTC rule-making demands extra granularity and timeliness in data reporting
SEC appoints new RiskFin director
Craig Lewis to lead the SEC’s risk ‘think tank’
MAS confirms finance minister as new chairman
The Monetary Authority of Singapore names Shanmugaratnam as part of ongoing management reshuffle
Firms could face Bribery Act prosecution over FCPA compliance
UK regulators could use documentation provided to US counterparts as evidence of facilitation payments
Hong Kong seeks to create ‘fixing’ rate for offshore renminbi; move will bolster derivatives market
Hong Kong's efforts to create an offshore renminbi fixing rate are viewed as strategically important for the development of the offshore renminbi, with such a benchmark essential for the growth of CNH derivatives, say market experts
HKEx secondary market facility needs to withstand extreme offshore CNY liquidity crunch
HKEx says its proposed renminbi secondary market liquidity support mechanism for renminbi listed stocks is undergoing stress tests to ensure the facility is sizeable enough to support the healthy development of an offshore renminbi equities market in…
First-quarter dip in gold ETFs, World Gold Council
Exchange-traded funds and similar products that track the price of gold saw net outflows of 56 tonnes ($2.5bn) during the first quarter of the year, according to a World Gold Council report
ETF players plan association to counter regulatory concerns
Lyxor and Deutsche Bank invite other European ETF providers to join a conference call next week to discuss the setting up of a new industry body