News
Basel Committee drops fixed correlations in new trading book proposals
Banks relieved as revised trading book proposals drop plans for capital to be based on regulator-set correlations
FCA skilled persons reviews 'a distraction from compliance', experts warn
Stronger FCA focus may be diverting resources from day-to-day compliance tasks
Asia Risk Congress: BIS points to Asia example as evidence new LCR not 'relaxed'
Asian regulators' partial recognition of Level 2B assets justifies revised Basel liquidity approach
FX benchmark probe gathers pace as chief dealers placed on leave
Senior spot traders at JP Morgan, Citi and Standard Chartered have all been placed on leave, while Barclays, Deutsche Bank and UBS confirm they are conducting internal reviews in connection with alleged manipulation of forex benchmarks
Kill switches may lead to systemic risk, expert warns
Recent calls for kill switches may be misguided
German banks agree to reveal structured product valuations
In a bid to stay one step ahead of the regulators, a consortium of major German banks has volunteered to boost disclosure around the pricing and payout probabilities of their structured products
CFTC backs down on FCM residual interest rule
CFTC softens post-MF Global reforms to rules on segregated customer funds held by futures brokers
Asia Risk Congress: Asian dealers switch to London venues following Sef introduction
Sef rules are leading to regulatory arbitrage according to Asia industry players
Asia Risk Congress: Iosco's Singh calls for global regulatory institution
Global regulations need a worldwide regulatory body to monitor to them
Rabobank fined $1 billion for Libor failings
Dutch bank the latest to pay for benchmark manipulation
Fatca FFI draft agreement finally released
Long-awaited document sheds light on compliance requirements
Pooled fund clearing questions vex CVA desks
Dealers and pension funds still waiting for clarity on whether hedging vehicles are covered by Europe's swap clearing exemption
BSI standard promises protection against bribery liability
New UK national standard will serve as a defence against charges of inadequate anti-bribery precautions
JVB name to remain after merger with PrinceRidge bolsters structured products
The two structured products distributors will operate as a single entity after parent company announces redundancies affecting 20% of staff
New Swedish discount curve rejects Solvency II methodology
Extrapolation method changed following concerns Smith-Wilson method impractical
Commission looks to review clause to close deal on Omnibus II
Extensive safeguards and supervisory controls to be built in to Solvency II long-term guarantees package, says Commission’s insurance head
G-30 call for better scrutiny of bank boards
Financial leaders urge supervisors to assess the culture of banks
Taiwan structured product issuance up 70% in 2013
Driven by stronger retail and corporate demand, the Taiwanese structured product market has seen a significant increase in activity
Deutsche Bank's €94 million CVA loss was "good business", dealers say
Big loss was accompanied by even bigger capital saving, traders point out. Other banks now working out their own policy on controversial capital charge
Correlation suggests ‘return to normal’ for commodities
Commodities are being increasingly driven by market fundamentals, say analysts, forcing investors to search harder for returns
Structured product liquidity could lead to speculative trading, says former UK SPA chairman
A liquid structured products market would be great news for investors but the industry needs to consider the consequences, say market participants
Risk USA: debate continues over defining reputational risk
Negative events may not damage financial institutions' reputations, conference hears