News
OpRisk Europe: 1,000-year standard is unreachable, Mignola says
ORX chairman says Basel II definition is fundamentally flawed
OpRisk Europe: Regulators should focus on management behaviour
Industry experts call for greater attention from regulators on the behaviour of senior executives
OpRisk Europe: Sigor review to repair credibility, Adachi says
Sigor chair says review focus will be on capital model credibility and comparability
Quant Congress Europe: Test models as you build them, says BAML expert
With the 'London Whale' modelling failures still casting a shadow over the industry, BAML model risk head advocates ongoing testing
OpRisk Europe: Regulators urge caution over simplifying op risk models
Banks should not abandon complex risk models just because they failed during the financial crisis, conference hears
OpRisk Europe: Banks rewarding restrained risk taking, conference hears
Heads of operational risk say banks aligning remuneration to risk objectives
CFTC's Chilton blasts exchanges on block thresholds
Commissioner says lowering futures block trade thresholds skirts the intent of Dodd-Frank
Quant Congress Europe: No consensus on FVA accounting
Industry undecided on whether own cost of funds or an industry average funding spread should be used
Quant Congress Europe: Quants “waiting for Godot” since crisis
Top Bank of America quant, Alex Lipton, says subject still needs overhaul
OpRisk Europe: CFTC must extend cross-border deadline, O'Malia says
CFTC commissioner warns lack of clear rules is "a major problem, nearly a crisis"
OTC volumes shrink as category two clearing begins in US
Clearing volumes dip as hundreds of new firms are caught by US clearing rules, but activity rebounded on June 11
Fears of disjointed regulation of systemically risky insurers grow
Harmonisation of US and global systemic risk frameworks needed as US proposes first Sifis, warns industry think tank
Bond investors attack design of new Tier I capital
Traditional bond buyers worry about tail risks in CRD IV-compliant capital instruments, but analysts are predicting up to €200 billion of issuance
AIFMD regulation more suitable for some strategy ETFs, says EC official
EC asset management head proposes regulation of some strategy ETFs under the Alternative Investment Fund Managers Directive, instead of Ucits
BNP Paribas launches three autocalls through new UK partnership with Sip Nordic
Sip Nordic is shaking up the UK retail market by adding BNP Paribas to its shortlist of 'preferred providers'. The partnership has just launched its first three products
European OTC client-clearing docs arrive after nine-month delay
Complete agreement proved impossible, but participants see new legal template as a good base for negotiations, Isda says
Fails could jump as category two clearing starts in US, FCMs warn
Hundreds more firms will be required to start clearing in the US today, and FCMs are warning there could be an increase in rejected trades as a result
Year-end ‘congestion’ looms for European trade reporting
Buy-side must prepare to meet their FX reporting obligations in Europe, which will be more challenging than in the US, webinar participants warn
AIA cautions NAIC on US Orsa guidance
Requirements should not be made too prescriptive, says trade association
Regulation, tax and technicalities recast European turnover, as French volumes plummet and Italian activity recovers
Tax, legal and practical reforms to the way structured products are transacted in France have slimmed the market to a slither, while similar changes have proved a spur to the Italian structured products revival
Romero: Sigtarp prosecutions set for the long haul
Special inspector general says agency to stay until at least 2020
Asian firms not likely to be compliant with cross-border Dodd-Frank on July 12
Many financial institutions in Asia would not be in a position to comply with Dodd-Frank cross-border applications should the CFTC’s exemptive order expire on schedule on July 12
OTC Derivatives Clearing Summit: Capital burdens could weigh on swap futures
Lower margin levels for swap futures could drive up risk-weighted assets for dealers, and erode the product's advantage, panellists argue
OTC Derivatives Clearing Summit: Clearing incentives "are not there" - Goldman's Frankel
Regulators want capital and margin rules to encourage central clearing, but analysis suggests costs may currently be higher in the cleared world