News
Lack of credit for dynamic hedging in QIS 5 driven by ideology, not economics
Old Mutual questions the lack of capital credit for dynamic hedging in QIS 5
Man’s $21bn quant fund sees no need for high frequency trading
AHL, the managed futures single manager of Man Investments, says it sees no need to participate in the high-frequency area to secure alpha from its trend-following strategy.
UK FSA targets transaction reporting failures
Failures in transaction reporting and record keeping under Mifid a key concern for the UK regulator
Basel Committee defends adjustments to Basel III as calibration decisions loom
Regulators describe difficulties ahead as they prepare for Basel III calibration and transition decisions in September
HSBC global asset management appoints Asia head for sovereigns
Sovereign and Quasi-sovereign entities, which make up the majority of institutional assets in Asia-Pacific, are strategically critical to growing HSBC's regional institutional business, said Rudolf Apenbrink, chief executive officer of HSBC Global Asset…
RBS adds two for Asia financial institution group
Kenneth Tung takes over role as head of FIG Asia-Pacific from James Pearson, who has left the bank
US renewable capacity to double by 2012: DOE
The US is on track to double renewable energy generation capacity by 2012 and halve solar power costs by 2015, according to the Department of Energy
Citi adds new head for Asian FX team
Citi continues Asian FX team expansion by relocating Perret-Green from Citi's Europe markets division to Asia to head FX strategy. Citi says its foreign exchange daily trading volumes exceed $15 billion a day in Asia.
China CDMs plummet by 30% on legality risk
The number of approved Clean Development Mechanism (CDM) projects in China tumbles by 30% after investors voice concerns that the generated credits will not be legal under future emissions' regulation
West must not repeat Japan’s fiscal mistakes, says Nomura economist
Nomura chief economist Richard Koo warns the US and European economies face double-dip recession and a prolonged period of economic stagnation if stimulus is cut too soon.
LLMA on course to publish first longevity index by end of 2010
LLMA will add a fillip to longevity derisking market with standardised indices
Ecuador’s hydrocarbons reforms threaten production
Ecuador’s latest reforms for the hydrocarbons industry could stunt investment in the country and lower production levels. Alex Davis investigates
Tocom relaxes market rules to ease foreign trade
The Tokyo Commodity Exchange has eased rules for foreign commodity brokers wanting to trade on its platform in a move that is expected to boost volumes, Katie Holliday reports
Recent US deals could power more M&A
Mergers and acquisition activity could be on the up in the US power market in spite of staid economic conditions. Pauline McCallion examines the outlook for M&A
PPF offers potential £80 billion boost to longevity market
UK’s PPF is open to longevity derisking – at the right price
New MSRB rules seek to end municipal swap adviser scandals
Dodd-Frank rules take aim at brokers pushing rate swaps for bigger commissions
“New price on risk” for Gulf of Mexico producers
Government and regulators are urged to act quickly to create a stable regulatory regime in the wake of the Macondo oil spill or risk stifling domestic production
New Basel proposals threaten bank sub debt, investors warn
Bond investors voice concerns over freedom given to national regulators to determine trigger events for conversions or haircuts.
Barnes bows out of RBS
Royal Bank of Scotland suffers two senior departures in its foreign exchange business
Brokers establish own carbon trading risk tests
Carbon brokers establish their own checks for assessing counterparty risk, following European market authorities’ failure to react to a spate of carbon market fraud.
Payments providers split over Sepa end dates
Comments released by the European Commission show that European institutions and banking associations disagree over Sepa proposals to seperate end dates
Outsourcing poses two-way operational risks for firms and service providers
First-time outsourcers might have overlooked or underestimated operational risks involved