News
$19 billion risk levy will fund US financial reform
Risk-based charge will cover cost of reform bill passed today
FDIC will apply lower deposit limits to products in circulation
If the US congress votes to lower the deposit insurance limit to $100,000, then that figure will count for products currently in circulation, says the FDIC
FDIC plans to continue proposals linking pay structures to banks’ deposit insurance
The Federal Deposit Insurance Corp says its plan to link banks’ compensation arrangements with premiums is “complementary” to supervisory guidance issued jointly by regulators
Solvency II to increase FX hedging
Solvency II could cause rise in foreign exchange hedging programmes by insurers
Solvency II to push annuity providers to gilts
Fitch analysts say demand for corporate bonds could drop as Solvency II forces UK insurers to opt for gilts
Basel Committee: no decision yet to scrap Basel III liquidity rules
Regulators accept reform package will need to be reshaped but claim no decisions will be taken until July's committee meeting
Container swap derivative clearing to boost market
LCH Clearnet's launch of a new over-the-counter (OTC) clearing service for container freight swap agreements is set to inject liquidity into the emerging market
Asian traders lukewarm to renminbi despite US dollar-depeg
Asian exporters and importers are waiting to see more investment and hedging instruments for offshore renminbi before adopting the currency for trading