News
Israel’s Fischer calls for international FX rules
Bank of Israel governor Stanley Fischer calls on IMF to draw up set of international rules on foreign exchange intervention
Counterparty risk management at Asian asset managers found wanting
Institutional investors in Asia have some way to go to meet on-going regulatory requirements as set out by Dodd-Frank, the European Commission and other initiatives aimed at mitigating risks inherent with over-the-counter derivatives, a BNY Mellon survey…
Henry Hub futures activity surges
Volume in Nymex’s benchmark Henry Hub natural gas contract exceeds 500,000 contracts for first time
Eurozone CDS spreads decline in early 2011
Risk perceptions on eurozone sovereigns have eased since the turn of the year, but Middle East volatility continues
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Fed wants right to choose which non-banks pose systemic threat
Federal Reserve rule proposes that it will have discretion to determine whether non-bank financial firms come under Financial Stability Oversight Council’s watch on case-by-case basis
Omnibus II needed to meet Solvency II deadline
German insurer R+V says EC was "lucky" Omnibus II was available to add transitional measures into the impending insurance capital regime
Sovereign CDS markets unworried in early trading
Protests continued, but Middle East and north African government risk largely unchanged
UK structured products market grows 20% on back of increased risk appetite
UK structured products market grows 20% on back of increased risk appetite
New York Fed risk chief joins AIG
Brian Peters named insurer's enterprise risk head
Central banks accused of collateral hypocrisy
Despite the funding risk it creates, central banks still refuse to sign two-way collateral agreements
BoJ governor becomes vice-chair of BIS
BoJ governor becomes vice-chair of BIS
CDS spreads fall across Middle East
Political tension eases in Egypt, but eurozone spreads widen
Banks should still prep for Bribery Act despite delay, says consultancy
Protiviti does not expect the Bribery Act to change substantially, but hopes for more guidance from UK government
Risk management booms in sub-Saharan Africa
Risk management booms in sub-Saharan Africa
Concerns over Egypt & inflation push oil derivatives trading volumes to record levels
Oil prices will continue to rise to triple-digit highs over 2011 on long-term Egypt risk premiums and continual unrelated underlying issues, say market experts
Stressed VAR questioned by risk managers
Basel 2.5 capital charge incoherent and challenging to implement, say risk managers
Egyptian turmoil prompts oil inflows but BAML advises caution
ETF Securities saw inflows into its Brent ETCs last week spurred by the political situation in Egypt, but investors are being warned against jumping into the Egyptian equity market.
Cut BoE’s vote on macroprudential body, say lawmakers
Influential parliamentary committee calls for Bank of England (BoE) executive directors’ votes to be transferred to external members, citing amount of power vested in central bank
SunGard launches social media surveillance
Financial services information technology vendor SunGard's social media offering to help with new compliance rules
London retains premier spot in FX, according to global volume figures
London remained the biggest financial centre for foreign exchange in 2010 according to semi-annual volume figures published in the UK and US on January 31, despite speculation it might be overtaken as a result of the UK government’s clampdown on bonuses.
Dealers face funding time-bomb from one-way CSAs
Five banks disclose $30 billion obligation from one-way collateral agreements - and dealers warn costs could soar as interest rates rise
Proof of exposure required before Indian companies can trade derivatives
New regulations will require Indian companies to prove they have an exposure that needs to be hedged