News
Banks eye July 12 exemptive order deadline
A CFTC exemptive order expires in July, meaning new regulations could capture a broader range of clients as US persons
US insurers target European commercial real estate debt
Attractive yields and supply demand mismatch spur interest
SEC announces departure of senior enforcement official
David Bergers to leave the SEC this month
FX prime brokers welcome CFTC relief
CFTC provides last-minute relief for FX prime brokers, having listened to arguments that the market could be seriously impeded by business conduct rules
European investor appetite for niche FoHF offerings growing
Europe's fund of hedge funds industry has suffered AUM declines since 2008 but there are signs of a rising appetite for niche strategies and bespoke mandates. Stenham has launched two niche FoHFs
SEC cross-border rules an improvement on CFTC proposals, say lawyers
Narrower US person definition and substituted compliance proposal win praise from market participants
China onshore OTC clearing postponed until 2014
OTC clearing onshore in China will be delayed until at least the end of 2013 or early 2014 according to an official at Shanghai Clearing House
Bank of Japan raises ‘major concerns' over US foreign bank rules
Letter to Fed governor challenges proposed regulation of foreign banks on the basis of inconsistency with international standards and restrictive liquidity rules
Gold ETFs can weather latest turmoil as speculative selling eases, say providers
The crash in the gold price in mid-April had dramatic effects on gold ETFs, but some providers say investors' allocations are holding firm
Better risk data vital if insurers to boost disaster coverage
Steps to improve risk modelling needed if Europe wants insurers to increase cat risk exposure, say experts
Singapore presses ahead with new ERM framework for insurers
Regulator soothes industry concerns over tight compliance deadlines
CFTC investigates breaches of 60-second clearing rule
Commissioner O'Malia says agency has requested data from FCMs – Risk reported last month that some firms had broken rule 1.74
FSA specialist takes over compliance at Axa IM
Murdoch joins London investment manager
RBS executive calls for AML and KYC collaboration
International banking head backs central utility function
Cayman corporate governance reforms face legal challenge
Efforts to enhance the corporate governance framework for hedge funds in the Cayman Islands have run into opposition from local fund directors, who take issue with the regulator’s plans to create a public directors’ database
36 South opens volatility hedge fund for US pensions
US pension funds are attracted by the low correlation to mainstream asset classes offered by 36 South's flagship fund, says its CIO. He says European funds should not ignore the US market
Lloyds names new conduct and compliance head
Elderfield moves from Irish central bank
US funds fear inability to clear amortising swaps
A prohibition on taking cross-border risk could force some category two participants to stop trading amortising swaps from June 10
CNH Hibor fixing to spur interest rate swap market
Launch of the CNH Hibor to lead to an increase in CNH loans and hedging instruments such as floating rate notes and interest rate swaps
BNY Mellon announces eight new appointments
BNY Mellon has made several new hires across four businesses, including appointing Dean Sakati to head strategy for securities finance within global collateral services, and Mark Gonzalez as US chief operating officer for derivatives clearing services
Falling correlations could give hedge funds bumper returns
A fall in asset-to-asset correlations could mean a good year for many hedge fund strategies, even though volatility is expected to remain relatively low, according to research from Axioma
EU equivalence requirements set to hit trade with India
India has no plans to become an equivalent country under EU regulations on financial services. India’s decision is likely to foreshadow problems with other emerging countries trading with the EU
Banks fear loss of hedge accounting for CCP novations
Trades cleared voluntarily would not be protected by hedge accounting under IASB proposals
Standard formula’s treatment of long-term investments 'flawed'
Standard formula data sets and methodologies 'inappopriate' for securitised products and secured investments, warn experts