News
Bloomberg may set up futures exchange
Trading venue looks to hedge its bets if it fails to close the margin gap between OTC swaps and futures
UK banks face £25 billion capital shortfall
Banks told to achieve common equity Tier I capital ratio of 7% of RWA by end-2013
Insurers 'should be exempt from initial margining requirements' on ALM hedges
No economic need for initial margin on non-centrally cleared derivatives, argues Insurance Europe
Variable annuities do not pose a systemic risk - Geneva Association
Industry think-tank rejects product’s designation as a non-traditional, non-insurance activity
Apex offers low-cost option for hedge fund start-ups
Apex Fund Services is providing start-up hedge fund managers with a range of options to keep costs down, including free office space in several major cities around the globe. It will also offer advice
AIFM Directive: investment managers ‘must prepare now’
Preparations must be made before AIFM Directive implemented on July 22, 2013
'Half dead' EUA market hit by political uncertainty
Uncertainty over a plan to postpone sales of EUAs is contributing to stalling prices and reduced liquidity
FSA announces final plans for Libor reform
Administrator forced to manage conflicts of interest
CFTC ‘neglect’ of Sef rules angers platform providers
After missing numerous deadlines to finalise the criteria for Sefs, the CFTC will not publish the rules until late April at the earliest, much to the frustration of market participants
Reyker adds James Chu and looks to expand retail structured product offerings
Former managing director of Incapital Europe, James Chu, has joined bespoke financial service provider Reyker Securities to head its latest structured product distribution initiative
Cyprus bail-out does not stop long-term problems for euro
The eurozone faces mounting political and social tensions. Its latest policy moves on the Cyprus bailout are likely to exacerbate the situation as longer-term problems remain, concludes Saxo’s Hardy
Italian insurers question benefit of Solvency II long-term guarantees package
Matching adjustment and countercyclical premium inadequate for Italian insurers’ needs
Basel Committee seeks netting-friendly replacement for CEM
Consultation on alternative to much-criticised current exposure method could start in June
OpRisk North America: Internal controls useless against collusion, fraud expert warns
Banks must look beyond internal controls to deal with the risk of internal fraud
OpRisk North America: Disconnect between op risk and compliance functions damaging business efficiency
Business units in banks are being asked the same question too many times, op risk heads warn
OpRisk North America: Regulator warns industry to get implementation of Dodd-Frank right
Implementation of Dodd-Frank Act raises op risk concerns, conference hears
OpRisk North America: Cyber interconnectivity causing systemic risk
Banks must be aware of the risks of data transfer, conference is warned
Broader US person definition could cause clearing avalanche, participants warn
A large number of offshore funds could be classified as US persons once a CFTC exemption expires in July, subjecting them to Dodd-Frank transaction-level rules
OpRisk North America: Financial crisis has elevated status of op risk managers
Post-crisis, the value of op risk managers is clear, conference hears
Risk Annual Summit: Depositors will trust EU guarantee despite Cyprus, says BdF official
Policy-makers have incentive to accelerate deposit guarantee plans, says Sylvie Matherat of the Banque de France
Aon hires Monte dei Paschi op risk expert
Giorgio Aprile appointed as principal consultant
OpRisk North America: Banking industry failed to tackle parallel runs, says regulator
Failure is a "black eye" for US financial sector, according to Federal Reserve Bank of Richmond unit head
Reverse convertible investors face soaring tax bills under new approach to tax reporting
Treating certain structured products as 'single income-bearing derivative contracts' could double some investors' tax bill, but the trend appears to be taking hold in the US