News
SwapClear hopes to crush notionals by $600trn
New approach to compression could help swaps escape leverage ratio pressure
Kynikos founder mocks funds' equity picks Tesla and Zillow
Chanos also takes shot at Sotheby's at Sohn conference
Expected shortfall: end of the back-test quest?
Quants propose three ways to back-test expected shortfall – each more efficient than the regulatory version
RBS fined £56m for control failures over 2012 IT outage
Poor IT risk management threatened UK financial system
Reforms so far 'do not address' roots of crisis – OCC
Banks praised for leaving high-risk markets, but more work needed
European regulators issue fresh Kid proposals
ESAs propose visual representations of risk in key information document
Exchange trading on the march in emerging market currencies
EM currencies to get the best of the OTC and exchange worlds
NAIC nears adoption of disputed rules on captives
Actuaries warn of non-compliance cost to end-consumers and impact on insurers
EU stress tests show €14bn funding burden on Italy swaps
Fourteen banks had net exposure to Italy in EU tests, implying huge funding costs
Senators turn up the heat on physical commodities
Fed to issue new rule on bank physical trading in early 2015
New Kospi volatility futures register low volumes
South Korea becomes fifth Asia country to launch volatility futures
Consumer group backs single fee to tackle fund fraud
FSCP proposes simplified charges for UK asset management funds
With-profits models lack sophistication, survey shows
Towers Watson survey reveals over half of insurers do not project risk appetite
Vietnam needs benchmark to kick-start onshore rates market
Government needs to establish local rates standard, say global banks
European FoHFs celebrate outstanding performance again
FoHF industry achievements recognised at London awards
Aurum concern over macro, credit and event driven alt Ucits
Fund of hedge funds boss says certain strategies lack liquidity
Zealous SEC enforcement 'exhausting' compliance teams
Former SEC deputy enforcement head warns of more prosecutions
Backtesting has a place in structured products market
Regulatory panel suggests backtesting internally is best practice
New York regulator hits Bank of Tokyo with $315m fine
Further penalty imposed for watered-down report
China accounting rules hit interest rate hedging demand
Failure to apply hedge accounting means derivatives bring balance sheet volatility
Credit Suisse and Nomura lose Korea equity derivative heads
Low volatility and greater local competition hit global banks' numbers
Basel rate-risk project sets up scrap over deposit models
Regulators could cap the maturity banks assume for large chunks of their deposit base
UK bank reforms may be ‘diluted’, warns parliamentary commission
Members of parliament highlight flaws in government's approach
LCH rebuffs fears of NDF clearing crunch
ForexClear the only CCP currently authorised to clear NDFs