News
HKMEx: China’s currency liberalisation to drive liquidity in energy and commodities
China's growth as a consumer in the energy and commodities global market could eventually sway price movements, says Hong Kong Mercantile Exchange’s Cheung
Capital deductions an issue for US banks facing Basel III
US banks will find it easier to comply with Basel III than European counterparts, but capital deductions could pose a problem
Tradeweb launches equity derivatives platform
Tradeweb has launched an electronic equity derivatives platform in the US that offers the ability to complete transparent and timely transactions within minutes
Wilson to move from BoE to Moody's
Bank of England institutions head Alastair Wilson moves to Moody's as chief credit officer for Europe
China opens up secondary loan market in bid to reduce systemic risk
China has further liberalised its interbank market to let banks transfer loans to each other
VAR drops in Q2 despite sovereign risk fears
Most large banks had less exposure to market risk during the second quarter, despite volatile conditions in many asset classes.
IOR: Governance structures crucial to op risk management
IOR: Governance structures crucial to op risk management
Isda Asia chief: Forcing energy and commodities into CCPs creates more risk
Forcing energy and commodities contracts into central counterparty (CCP) clearing is “potentially dangerous”, says Isda's Noyes
BAML continues restructure; evolves to meet regulations
Shake up designed to meet clients' needs ahead of implementation of Dodd-Frank reforms
Nomura names Rig Karkhanis new head of fixed income for Singapore
Nomura continues to expand its foreign exchange, interest rates, credit and commodities unit in Asia by recruiting Rig Karkhanis as new head of fixed income for Singapore
UK FSA expresses concern about excessive EU rules
Financial Services Authority's Dan Waters says regulators should gather more information about the systemic risks hedge funds pose
UK banking commission moots reforms
Commissioners stress they have an open mind as to which structure will best suit British banking industry
US legislators try new tack for energy bill
RES bill should boost renewable energy development and RECs trading but is unlikely to pass this year
Structural changes behind rise in long-dated skew, say dealers
Reduction in risk appetite and regulatory crackdown causing increase in long-dated skew, say equity derivatives dealers
BoC and Bocom set to open first mainland bank rep offices in Taiwan
Bank of China and Bank of Communications are set to make history by becoming the first mainland Chinese banks to have representative offices in Taiwan, since the island broke away from the mainland in the 1950s. To-date, seven Taiwanese banks have…
NDX adds Goldman Sachs as Nordic activity picks up
The revival in structured products activity in the Nordic region recently can now boast an increase in the number of issuers on the NDX
FSA worried over excessive EU rules while firm on proportionate solution for hedge fund pay
UK regulator worried heavy handed rules will drive hedge funds out of Europe, depriving supervisors of information on their European activities
Bank of America launches derivatives clearing
BAML is following in the footsteps of Goldman Sachs by publicising its new business
BIS must fix data gaps: Bank of England paper
Bank of England paper identifies specific information gaps in cross-border banking statistics published by Bank for International Settlements; improvements thought to be under way
Basel III proposals could put off bond investors
Regulations to increase loss absorbency across the capital structure could deter bond investors from purchasing bank debt, analysts said at CreditSights’ annual conference yesterday.
People moves in the op risk industry
Changing Hats
UK restructure could create scary superpower
UK restructure could create scary superpower
Bribery Act raises corporate liability questions
Bribery Act raises corporate liability questions
IIF: Pay rates too biased towards front office
IIF: Pay rates too biased towards front office