News
Global margin standards face further delays
Proposals to collateralise non-centrally cleared derivatives could now be subject to further consultation and impact assessment, having missed the original end-of-2012 deadline
New risk-free rate calculation for long-term guarantees test
Higher credit risk adjustment to reflect current market conditions
Insurers to chase liquidity premium in 2013 – BlackRock
Exposure to collateralised loan obligations, infrastructure finance and high-yielding bank loans set to increase
EU Parliament poised to reject two Esma technical standards on OTC derivatives
Parliament is unhappy with the treatment of corporate end-users, and could require Esma to redraft standards
Iosco-SEC spat dims hopes of new regulatory framework
SEC slaps down Iosco report, undermining hopes for a new approach to cross-border regulation
Diapason launches hedge fund strategy playing energy arbitrage opportunities in liquid futures
Independent commodity asset manager Diapason Commodities Management is launching a hedge fund trading spreads between commodity future contracts using a proprietary model of the refining industry.
Philippine central bank NDF curbs won’t stop peso appreciation
Attempts by the Philippine central bank to curb increases in the value of the local currency won't work, according to market observers
SEC names market intelligence head
Vincente Martinez returns to succeed Sporkin
Exchange-traded products expected to benefit from increased risk appetite
Exchange-traded products expected to benefit from increased risk appetite
Omnium distribution platform suited to life under RDR, says Meteor
No commission for IFAs enables new platform for Meteor
NAIC appoints new chief executive
Former Nebraska senator to lead US regulatory body
Egan-Jones becomes first rating agency to be barred by SEC
Smaller agency blocked from rating ABS and sovereign debt
Insurers to target export finance loans as banks withdraw
Sovereign-guaranteed loans provide yield boost for insurers
European swap margin rules won’t be retroactive, says Esma
Trades will not become subject to initial margin rules part-way through their life, rule-making body tells Risk
COO at Barclays Wealth leaves following critical report
Andrew Tinney resigns after suppressing unflattering report into Barclays Wealth culture
Peter Rading exits RBS
Co-head of fixed income, currencies and commodities and global trading is leaving RBS after 22 years
Ex-Citadel managing director's structured credit hedge fund secures seed deal
Grosvenor Capital Management has committed $85 million in seed capital for a structured credit hedge fund started by a group of former Citadel executives.
Final Fatca regulations fail to include draft FFI agreement
Hotly anticipated final Fatca regulations leave industry disappointed and without an agreement for non-IGA FFIs
BoE's Haldane says UK could help redefine global banking rules
Andrew Haldane says UK is in a position to lead with fixes to Basel III, tightening remuneration policies and removing barriers to bank account switching
CLS squares up to member onboarding challenges
Having added Swedbank and Lloyds as settlement members in the past two years, CLS has committed itself to further expanding its membership and its currencies
US firms returning to iron ore derivatives after SGX and CFTC clear regulatory obstacles
The CFTC’s no-action relief letter issued late last year and SGX’s upcoming iron ore futures contract have ended uncertainty and brought back hesitant market participants
Global liquidity flows threatened by Dodd-Frank provision on foreign banks
Japanese banks criticise proposed US regulation of foreign banking entities
People: Credit Suisse reshuffles its global pack
Credit Suisse reshuffles the global pack
JP Morgan report confirms RWA reduction led to CIO loss
A misguided plan to reduce Basel 2.5 RWAs and a series of management failures combined to leave JP Morgan’s chief investment office with a $6 billion loss, the bank finds