News
Derivatives bail-in raises questions in Hong Kong
Banks seek clarity, but regulator wants maximum flexibility for its bail-in decisions
Lack of sellers could hold back Chinese CDS market
Demand for credit protection increases, but traders say sellers will be hard to find
Exchanges spar with CFTC over hedge exemptions
Latest tweaks to position limits rule draw ire of CME and Ice
Structured note issuers warned on faulty disclosures
Fines for BAML and UBS highlight importance of accurate cost disclosures
Basel shadow banking rules leave industry in the dark
The step-in risk concept may need a total overhaul to be fit for purpose as the UK goes its own way
Goldman vs LIA: derivatives profits were masked, court hears
Prosecution cites Risk article that first described practice of inflating client valuations
China opens up onshore swap market but hurdles remain
Foreign investors can now hedge CNY bonds but dealers expect limited uptake
PRA invites post-Brexit transitional recalculations
UK regulator invites firms to recalculate smoothing effect to ease the pain of higher risk margin
Shanghai to be first CCP to clear forex options
New service to debut in August, but liquidity risk has stalled other CCPs
CFTC proposal would unleash flood of lawsuits, firms say
Industry blasts proposal to allow private manipulation suits in US electricity markets
Esma grasps at solution to Mifid data woes
UK to stay in data aggregation project despite Brexit
Supervisors split over flexibility in CCP resolution
European regulators square off over predictability of spillover losses
Mifid speeds drive towards regional swaps-booking models
Brexit adds impetus for decentralisation of booking hubs to Asia
BlackRock pitching long-short ETF trades as cash alternative
Investors turning to ‘cash-and-carry’ approach using exchange-traded funds
Senior quant Green swaps Lloyds for Scotiabank
Green to lead development of new XVA pricing model at Canadian lender
FCA asks prop traders about capital impact of sterling fall
Regulator seeks info on currency make-up of capital base, and capital adequacy
People: Societe Generale appoints new chief risk officer
Diony Lebot is promoted; Robert Cook becomes president and CEO of Finra; Andre Cronje joins HSBC
Banks told to seize moment to devise new op risk charge
Banks should “get clever and develop their own model” in response to SMA, says UK bank risk manager
UK commodity traders face regulatory chaos from Brexit
Some trading units may move to EU to retain passporting rights
OCC probed for regulatory capture
The agency is among the latest being investigated for a potential soft touch when handling Wall Street firms
Centrica loses chief risk officer
Olivier Herbelot set to join LNG firm Cheniere, sources say
Sterling swap rate collapse hits structured deposits
Post-Brexit halving of five-year swap rate sees Hartmoor pull FTSE deposit plans
FSB endorsement missing from new G-Sii methodology
Financial Stability Board has not given seal of approval to designation method, French regulator voted against it
Intraday data does not improve daily VAR, research suggests
Bids to use bigger datasets give no better loss forecasts, says hedge fund