News
Australian banks lobby for reduced margin on cross-currency swaps
Current treatment of initial margin on uncleared swaps will cost Australian banks $21 billion
Launch of renminbi clearing in Singapore could spur RMB commodity derivative market
Infrastructure to clear RMB trades in Singapore is now live
BIS finds ‘no evidence' of persistent collateral scarcity
Report says increased reliance on collateralised funding and demands of regulatory reforms have not led to any 'lasting or widespread scarcity' of high-quality assets
Life and Pensions Nordics: regulators and insurers must respond to guarantees challenge
Solvency II must support long-term guarantees but insurers must develop simple products, says Nordea Life and Pensions CRO
China low grade coal ban could push up Asia swaps liquidity
Facing pressure from domestic producers and chronic pollution, China's authorities are considering clamps on low grade coal imports – potentially increasing swap activity
Hedge funds escape Japan rout with minor losses
Global macro hedge funds show no signs of bailing out of the ‘Abe trade’ after weathering the sudden reversal in Japan. Global macro and managed futures funds lost on average 0.6% on the day
Banks struggling with European reporting rules
Reporting infrastructure built to fulfil Dodd-Frank requirements will need to be revamped to meet Emir standards, say banks
India‘reluctant’ to apply for Esma recognition under current rules
Indian reticence over Emir steps up pressure on EC equivalency regime
FoHFs begin recovery
Separate accounts and advisory mandates boost FoHF growth
China's red tape reduction could lead to wider CNY trade band
Chinese regulator Safe's efforts to simplify investment into the country seen as a further sign of renminbi liberalisation
Bernardino calls for dramatic extension of Eiopa's powers
Let Eiopa levy fees on insurers and carry out direct supervision, argues chairman
Eurex may copy CME swap futures
German exchange seeking legal advice on scope of Goldman Sachs patent behind CME's interest rate swap futures
Demand for Topix options gives dealers hedging headache
Institutional demand for Topix options outweighs supply and is creating basis risk for dealers hedging their positions
France and Germany seeking greater Fatca reciprocity before signing IGAs, expert says
Questions remain about why France and Germany are yet to sign their IGAs with the US
Shadow bank reforms ‘should prompt review’ of Solvency II money market fund charge
Treat regulated money market funds more like banks deposits, says top law firm
‘No panic’ as Nikkei volatility spikes, dealers say
Traders say no sign of short volatility hedging after Nikkei 225 plunges
Former MOD cyber chief: management too complacent about cyber threat
MoD's former head of cybersecurity says tone needs to be set from the top
Eurex warns limiting CCP recovery plans could be "very dangerous"
Clearing houses need flexibility to determine correct course of action, says head of risk at Eurex Clearing
‘Credible risk’ that last liquid point for UK risk-free curve could change
Concerns raised over Eiopa’s discretion over methodology
Cyber threat being ignored, former MI5 head warns
Manningham-Buller tells conference many are not recognising the cyber threat
Structured Products Nordics: Sweden working to eradicate ‘rotten apples’
Though most distributors play by the rules, some firms may still be selling the wrong products to the wrong investors, says panellist at Structured Products magazine's Nordic conference
Japan delays cross-border rules amid US and European uncertainty
Equivalence and substituted compliance issues must be resolved quickly, or financial markets will be affected, says Kono at Japanese FSA
US investors turning to capital-at-risk products, say banks
Banks are boosting issuance of leveraged notes linked to US equity indexes and notes that pay out when yield curves steepen
CFTC misusing Dodd-Frank to expand its role, says CME's Duffy
CME chief accuses regulator of overreaching, as line-up of industry figures attacks Dodd-Frank rules