News
Op risk needs more weight in business decisions – NY Fed
Head of op risk supervisory team views tools as 'catalysts for change'
Commodity end-users fret over shrinking number of FCMs
Costly new rules for futures brokers come under fire at CFTC meeting
Client list reveals HFT dominance on BrokerTec
Barclays and JP Morgan only banks on list of top interdealer firms for US Treasuries
Esma ‘determined’ to finalise Mifid II rules in September
Market has been expecting delay; timeline will hinge on board meeting this week
Illiquidity means some hedges are no longer possible – GE
End-users unable to execute certain trades as dealers retreat, claims swaps counsel
CCP stress tests could help buy side pick winners
BlackRock exec calls for standardised test before European clearing starts
O'Malia: US margin splits ‘very difficult’ for OTC market
Isda CEO criticises clashing rules on bilateral margin
China allows central banks to trade forex derivatives onshore
Asian nation takes another step towards renminbi liberalisation
Response to banker recklessness needs work – lawyers
Current offence under Financial Services Act 2012 is "unprosecutable"
Banks shun internal models in CVA impact study
Accounting exposures win out as banks seek to align capital with front-office practice
Banks reject NMD maturity limits in interest rate risk rules
Consultation respondents warn of reduced lending and higher systemic risk
Industry expecting Mifid II delay
September 24 deadline likely to be missed, banks and lobbyists fear
Bowen defends CFTC inclusion of non-US trades
Commissioner says agency will police risk “wherever it occurs”
Still not enough senior managers being sent to jail, experts say
Personal accountability rules won’t change behaviour at lower rungs until enforced
JP Morgan exec challenges CCPs over skin in the game
"Why wouldn't you put up... all of your capital?" asks Olsen
TruMid takes early lead in credit dark pool race
Nearly $2.5 billion of corporate bond trades have been executed on dark pools since May
Market liquidity has been drained by regulations, says DBS chief
Volcker, Basel III and Dodd-Frank have combined to reduce liquidity
SGX mothballs US dollar swap clearing
Insufficient demand causes service to cease – however exchange says it may reintroduce it later
EU regulators lean towards RIY cost disclosure for Priips
Reduction in yield “superior” to total cost ratio, says ESA joint committee chair
Citadel shut out of Tradeweb as it makes US Treasury move
Firm is first non-bank on Bloomberg, but primary dealer catch means it cannot join Tradeweb
Banks hope for Mifid reprieve on fixed-income research
Intervention by France, Germany, UK could bring about “more considerate treatment”
Frankfurt launch of CSI 300 index futures under review
Impact of Chinese volatility reaches Europe with latest delay
Bank of Italy chief sees legal risk in senior bonds bail-in
Banks should inform savers about senior bonds’ place in resolution hierarchy
G-Sibs fret as Fed mulls including surcharges in CCAR
Surcharges are excluded from CCAR in 2016 but could be factored in from 2017