News
Bernard Rogier joins UBS as head of structured pricing
Rogier joins UBS to head structured pricing
Eiopa ‘politically naive’ to scrap national vetoes on long-term guarantees package
Agreement on Omnibus II more difficult if opt-outs removed, warn experts
CVA exemption ignored in UK's capital shortfall exercise
Risk-weighted assets at Royal Bank of Scotland would have been £36 billion lower if exemption agreed earlier this year had been recognised
Dealers plan standard margin model for WGMR regime
Fight over margin requirements for uncleared trades is not over, banks vow, but Isda will develop a standard model for use under the rules
Energy Risk Canada: Rules on derivatives dealers need work, regulator says
Alberta securities regulator acknowledges proposals on derivatives dealer registration have alarmed energy firms
Regulators clash over global capital standard for insurers
Harmonised quantitative requirements no 'silver bullet', says US state regulator
OTC clearing presents HFT opportunity in Asia
Over-the-counter clearing to present greater access and profitability to high-frequency trading firms as electronic trading of OTC products gets under way in Asia
LTGA proposals set to stoke divisions between insurers and lawmakers
Concerns that Eiopa's proposals will not work and could delay Solvency II
Outflow of Chinese cash will transform world economy
As Chinese exchange controls are relaxed and removed over the next several years, $4.4 trillion of money will flow into the world economy, causing a major transformation
Bafin weighing CVA charge despite European exemptions
Supervisors ‘should accept the legislation that the council and the parliament in their wisdom have decided upon’, warns MEP
Volume of AML fines set to rise, expert warns
Smaller institutions face greater AML scrutiny, expert says
Taiwan renminbi bond market unattractive to international investors
Low yields and lack of liquidity are keeping international investors away from the Taiwanese baodao market
Japan will deliver value under Abenomics, says Martin Currie
Japan’s stimulus package could lift the country out of its 20-plus-year economic slump, according to John-Paul Temperley, investment director, Japan, at Martin Currie Investment Management
Canadian regulators respond to energy firms’ concerns on derivatives
Updated OTC derivatives rules satisfy concerns of energy traders, but inconsistencies with Dodd-Frank remain
Harding reveals ambitious plans for Winton
David Harding says he has no intention to take Winton Capital Management public. He has ambitious plans to grow the business into a major investment management company as he remains at the helm
US dealers stop trading to avoid breaching China privacy laws
Questions over the ability to report OTC derivatives transactions to trade repositories mean some US dealers have stopped trading with each other
Central banks laying the seeds for crisis, says UK MP Baker
Chair of UK parliamentary group for economics says a sharp correction in developed world sovereign bond prices could spark a collapse in confidence
Changing hats – July 2013
Changing hats – July 2013
Long-term guarantee measures must be flexible - Balz
Solvency II calibrations need to account for different national contexts
Asian CCPs left to apply ‘in the dark’ for Esma recognition
Asian CCPs under pressure from EU third-country equivalence/recognition deadline squeeze
Prime brokers shun forex agency desks over CFTC rules
Agency desks warn they could be driven out of the market as a result of business conduct rules
Governments must ‘stop distorting cat markets’ with insurance pools
Let commercial market price risk, while governments should focus on risk-reduction, think-tank says
BoE deputy governor Paul Tucker quits after 33 years
Deputy governor is bound for academia in the US after helping with transition to new Carney regime
Insurers call for more transparent infrastructure investments
Structuring and regulation of assets frustrating investment, say market participants