News
ECB backed to fix floundering euro swaps reform
Swiss, UK and US progress leaves euro swaps market playing catch-up in rates reform
Banks tout machine learning amid regulatory concerns
Machine learning being used to build challenger models for model validation
People moves: UBS hires new Apac investment bank vice-chair
Also: Commerzbank’s trade finance Asia head; Blackstone nabs JPM Japan chief; and others
Fed G-Sib plan threatens 50bp jump in FCM capital
Banks rail against proposals that would scoop up $46trn in cleared trades
CDS surcharge touted to aid systemic stability
Charges would encourage systemic banks to buy protection from less significant players
Banks fear uneven playing field on NSFR
Asian jurisdictions likely to implement key liquidity metric before US and Europe
SEC delays final decision on DTCC liquidity facility
Regulator says it needs more time to consider market impact of CCLF proposal
EU-US swaps trading equivalence tipped for November
Hong Kong and Singapore unlikely to be deemed equivalent for start of Mifid II
P2P repo platforms in bid to solve US liquidity crunch
New peer-to-peer services claim buy side is failing to reap benefits of higher volumes
Fed official voices support for simpler capital regime
US regulators may consider combining some capital ratios into a single measure
Insurers say capital rule threatens long-duration products
Implied credit charges could triple under one approach being field-tested by regulators
EU trading obligation threatens packaged trades
Banks warn they will have to break up packages and face higher costs for hedging
National curbs hit budding pan-EU settlement market
As T2S approaches final migration, restrictions on primary dealers undermine efficiencies
CCAR feedback prompts banks to improve governance
Dual reviews of stress testing models and scenarios becoming the norm
Industry renews push for triBalance clearing exemption
Dealers using Emir review to request carve-out for optimisation trades
Indexer looks to tap quant fund demand for big data
MSCI’s historical real-time data could be used in backtesting strategies, pricing exotic options
China to model financial reforms on Mifid II
Exchange chief tips authorities to review position limits and transparency in OTC markets
DTCC muscles in on FRTB data pooling race
Rival to Bloomberg and Markit offerings claims ability to squash banks’ NMRF exposure by 50%
Citi hires Deutsche’s Americas op risk chief
Experienced op risk manager named global head of op risk for bank’s institutional clients group
FRTB: industry pushes to use own quotes in risk factor modelling
Isda working group proposes use of own quotes to minimise non-modellable risk factors
Bank-loan funds in the dark over liquidity rules
Haziness in SEC requirement on ‘highly liquid’ assets could leave funds open to litigation
Eurex urges more regulators to endorse VM capital savings
CME, Ice and LCH treat variation margin as settlement; Eurex awaits further guidance
Asia warned of LEI crunch over Mifid II deadline
Tens of thousands more Asian LEIs needed to avoid European trading lock-out in January
Op risk managers give cautious welcome to new internal audit code
Updated guidelines could strengthen third line of defence, but firms warn costs could increase