News
Dodd-Frank: consumer protection regulator to increase retail op risk exposure
The planned Consumer Financial Protection Bureau could drive US focus on treating customers fairly for retail banking and credit products
Sigtarp hammers US housing support again
Government support for mortgage market growing despite "unconvincing" results, report finds
Cultural shift needed to embed data security enforcement
Data security awareness lacking in financial services despite big budgets
Goldman hit by short equity volatility position
Rumours of big losses in Goldman's equity derivatives business are borne out as second-quarter profits drop 83%.
China disputes IEA energy data
The International Energy Agency’s claim that China has overtaken the US as the largest energy user, has exacerbated concerns that supply and demand data could be out of sync with price forecasts
Review imposes op risk capital charge on non-bank lenders
Mortgage lenders must hold capital for operational risk
Chinese banks’ AMA op risk projects on hold
AMA projects on hold as Chinese banks get to grips with credit risk portion of Basel II
Irish government considers sovereign annuity bonds
IAPF director insists plan is not a bailout of private sector schemes
CFTC rules increase credit risk
Proposed rules to limit leverage on margin FX trading accounts at retail forex brokers will have the unintended consequence of increasing counterparty risk, according to Josh Levy, managing director at Tactical Asset Management.
Estonia upgraded on euro accession; Ireland knocked down on banks’ weakness
Fitch lifts Estonian credit rating two notches, citing benefits of eurozone membership and strong fiscal performance; Moody’s downgrades Ireland on poor growth projections, worries over bad bank
31% of oil and gas firms lack ETRM solutions
Nearly one third of all oil and gas companies are more susceptible to systemic risk, as a report reveals 31% of these firms lack an energy trading and risk management (ETRM) solution for their operations
Passage of Dodd-Frank Act heralds start of rule-making process
Financial reform legislation passes in the US Senate, as focus turns to the complex issue of implementation
ETF issuers confirm tax status
ETF providers in the UK are busy confirming their distributor status, which will allow investors to pay capital gains rather than income tax
Moody’s boosts Petronas rating on Iraq exposure
Rating agency gives a surprise boost to Malaysian oil company Petronas’s credit rating from negative to stable, despite the company’s substantial acquisition of an Iraqi oil field with Royal Dutch Shell
Aon Benfield launches first pan-Asian typhoon model for cat risk
Two companies offer new insurance products covering typhoon catastrophe risk in Asia
China unveils major oil and gas plan
China’s seemingly insatiable appetite for energy production and consumption reaches new levels as the country unveils plans to increase oil and gas production by a third by 2020
Cesr pushes electronic confirms for OTC market
European securities regulator suggests electronic confirmation could be mandatory
CBOE developing tail event index
A new index based on skew will be unveiled once testing is completed
Volatility drives UK products towards growth
FTSE and growth products are popular as rising volatility makes income products difficult to structure
FOMC faces tricky task in avoiding another bubble
FOMC officials’ pessimism about conditions highlights challenge central bank faces in fulfilling its dual mandate
Hedge fund trading volume rises as algorithms become more popular
Hedge fund trading activity in US equities is growing in contrast to trades carried out by proprietary trading desks, new research has shown.
Active ETFs need transparency to compete
Active ETFs are changing the way that ETFs are serviced, according to State Street
Enforce clearing, catapult FX into the big league, say FX Week USA panellists
Foreign exchange is held back from fulfilling its potential as an asset class because of counterparty risk issues, said panellists.
Iraq's oil minister calls for swift action on contracts
Iraq calls on foreign energy companies, such as BP, Eni and China National Petroleum Corporation (CNPC) to move swiftly to implement their recently awarded contracts