News
Global risks for 2013 outlined by World Economic Forum
Severe income disparity highlighted as top risk for 2013
MKP sells stake to Dyal and bolsters senior management team
Private equity fund Dyal Capital Partners has made its fifth hedge fund investment with the purchase of a minority stake in MKP, a hedge fund manager specialising in global macro and credit strategies.
Exits for two more Asia commodities heads
Gunnar Hoest, head of commodities, Asia, has left Deutsche Bank while Morgan Stanley's Harry Soh is set to retire, sources have confirmed
Barclays structured products maturing last year lean towards wealth preservation
A roundup of structured products that Barclays distributed via UK IFAs in 2012 reveals good returns were possible even in flat markets. Despite many underlyings experiencing a bear market, investors always got back at least their initial capital
RDR fees still not clear for clients, experts warn
Clients still in the dark about RDR fees despite January 1 deadline passing
Addition of equities and mortgage bonds to LCR sparks criticism
Liquidity rules 'ruined' as regulators perform U-turn on equities, and also allow banks to include mortgage securities
PRAs push back against potential EU rules on benchmarks
Price reporting agencies among the most vehement critics of potential EU rules on benchmark indexes
Chinese banks to emphasise fees over asset growth in the coming years – PwC
Basel III not the main challenge for China banks – instead interest liberalisation is their main focus
Low crude volatility to bolster spread trades, say analysts
Market participants expected to shy away from outright bets on crude oil as low volatility persists
Structured notes to surpass CDs this year, finds survey
A survey from Incapital finds that industry participants expect structured notes to overtake certificates of deposit in 2012
India extends Basel III timetable to enable banks to raise capital
Decision to push back Basel III implementation motivated by capital concerns, say market sources
OCC denies swaps push-out protection to non-US banks
Foreign banks have until July to push out derivatives activities after OCC guidance repeats Dodd-Frank drafting mistake
US continues to pursue Wegelin executives after bank pleads guilty on tax evasion
Swiss bank will finally close and may face $40m fine
Lack of clarity on calculation parameters jeopardises long-term guarantees test
Concerns that technical specifications may be released only days before assessment is launched
Banks eye structured products linked to emerging markets volatility
Structured product providers are looking to take volatility-linked products to the next level by basing them on emerging markets
Credit Suisse loses Korea head of equity derivatives
Charlie Shin has left the Swiss bank
ABN Amro and S&P could face European CPDO suit
European banks and pension funds are seeking redress over CPDO ratings, and claims against issuers of other structured credit products could follow
On the move
On the move
Index providers look to apply minimum volatility success story to other asset classes
Minimum volatility strategies have been a huge hit in the equity space. Index providers are now planning to apply them to fixed income and commodities
French transaction tax favours structured products and swap-based ETFs
French transaction tax favours structured products and swap-based ETFs
Eusipa: Leveraged products in demand
Eusipa: Leveraged products in demand
Collateral clawback fears leave US pension funds unable to clear
Banks and pension plans are waiting for the US Department of Labor to clarify whether initial margin counts as plan assets
Italian budget vote brings equity derivatives tax closer
Watered down proposals include equity derivatives to avoid creating loophole, experts say
Replacing VAR, OIS discounting and the future of quant finance – the top stories of 2012
The Basel Committee’s proposal to scrap VAR and the move to OIS discounting struck a chord with Risk.net readers in 2012