News
People: Barclays reshuffles quant team
Piterbarg departs, replaced by Marco Naldi; Traiana's Coyne-Solinger saga climaxes; BAML shakes up structured credit team; Tradition hires John Wilson
SunGard unveils clearing utility as FCM exit fears grow
Barclays is first client for service that promises 20% savings for FCMs
Swaps industry mulling new utility for margin compliance
Utility would run daily margin calls, using open source version of industry’s standard model
Goldman and Citi defy gravity on commodity VAR
Two banks' commodity VAR stays about the same or increases from 2012–14
Pension funds sign hedge-only agreements with banks
Cardano and PGGM promise not to give banks speculative trades
Infographic: PPI costs wrong-foot UK banks four years on
Lloyds, Barclays, RBS and HSBC still topping up provisions
Discounting change magnifies HSBC FVA loss
UK bank's funding charge jumps 75% to $460m
EU exit not disastrous to UK investors: Lamont
Black Wednesday chancellor says turmoil fears following UK withdrawal overblown
Op risk capital would double under Basel's RSA proposals – ORX
Proposed revised standardised approach would hit big banks hardest
Capital charges no obstacle to infra investment – Montalvo
Regulator: poor risk-return the real barrier to insurers becoming more active
China grants first cross-border OTC derivatives licence to Citic
Securities house becomes first onshore firm licensed to trade with offshore dealers
CME price limits caught out by Swiss franc surge
Exchange bins month-old rule after it led to huge spot-futures basis
Fears of multi-billion dollar China ETF CGT bill misplaced
Tax treaties likely to save ETF providers from a swingeing retrospective bill
Operational controls caused Aviva £17.6m fine
Allocation policies and correct oversight the solution
EU court to rule on UK challenge to ECB's clearing policy
Verdict due on March 4 in first of three UK complaints about eurozone clearing
Variation margin calls drove China copper smelter insolvent
Ill-considered futures trade claims first victim of tighter post-Qingdao financing climate
RBS warns of rise in misconduct costs in 2015
Bank expects biggest hit from RMBS investigations
BoE's Haldane wants to overhaul economic methodology
Central bank eyes big data and psychology
Energy firms hammer CFTC over position limits rule
Exemptions for bona fide hedging are too limited, companies say
Repo and securities lending face swap-style stays
Regulators and industry to meet in London on March 2
Price is sole factor in best execution – Pimco
Portfolio manager calls for tougher oversight of market-makers
Metals traders shun clearing due to Emir, says LME chief
Emir segregated accounts pushing firms to trade OTC, says Jones
RBI says India corporates need to increase forex hedging
Potential US rate rise puts rupee depreciation back on the table
CVA switchback will hit bank capital ratios, EBA says
One bank faces 3% hit to equity ratio if EBA proposals accepted