News
BAML reshuffles European risk roles
Bank of America Merrill Lynch's European CRO to co-head counterparty credit in New York
Extraterritoriality remains a major issue, says FSA’s Lawton
Resolving issues around the extraterritorial application of derivatives regulation is a major outstanding issue that needs to be addressed, says FSA’s acting director of markets
Risk Japan: Bank of Japan concerned about wrong-way risk on banks’ cross-holdings
Helping banks by purchasing stock will create moral hazard, says Bank of Japan director-general
BIS calls for European banking union and urgent fiscal reform in developed nations
Urgent fiscal reform and genuine efforts to create a banking union in Europe are vital to breaking the viscous linkage between banking and sovereign stress, says BIS
Commodities see biggest falls since Lehman Brothers collapse
Global commodity markets could be signalling a severe downturn as indexes tracking the sector show the sharpest falls since late 2008
FSA requests responses on Ucis by June 27, leaving open the inclusion of delta 1 certificates
Banks must respond to the UK Financial Services Authority by Wednesday with feedback on new rules that will clamp down on the sale of unregulated collective investment schemes. Whether delta 1 products will be caught by the new rules is unclear
Fatca timeline in question with new Swiss-US deal
A new arrangement between the Swiss and US governments for Fatca compliance brings Fatca timelines into question, expert warns
Kroeker leaves SEC for private sector
US regulator's chief accountant will step down next month
Bank of England to post collateral in OTC derivatives trades
BoE thought to be the first major central bank to change policy on collateralisation as it seeks to reduce dealer funding charges
CFTC guidance on HFT delayed, says Chilton
Expected guidance on high-frequency trading will be issued later, says CFTC commissioner Bart Chilton
Commodity ETP activity drops 24% in a week, driven by precious metal fund outflows
Activity in commodity exchange-traded products falls sharply amid poor performance of the asset class
Nowell quits FSA for LSE’s UnaVista
Regulator to join UnaVista arm of LSE
Risk & Return Canada: CBA slams ‘regulatory risk’
Policy head at Canadian Bankers Association expresses fears about side-effects of regulation; other speakers complain about "alphabet soup" of new rules
DME appoints Fix as chief executive
The Dubai Mercantile Exchange appoints new chief executive from BNP Paribas
Energy Risk Canada: Low crude prices won’t stop oil sands development, experts say
The prospects for long-term development of the Canadian oil sands remain good, presenters at Energy Risk Canada say, dismissing concern about the recent plunge in crude oil prices
New head of commodities at Musi
Robert Forgrave has joined Mitsubishi UFJ Securities International as head of commodities
Risk & Return Canada: CCPs won’t stop future crises, says academic
Central counterparties a ‘Maginot line’ that won’t prevent financial breakdown, argues Queen’s University at Kingston assistant professor
JP Morgan combines FX and rates management
Troy Rohrbaugh is to relocate to New York to head up rates and FX, while Chris Willcox moves to asset management
Fund managers to increase ETP exposure, finds Lyxor survey
A survey from Lyxor finds that fund managers expect to increase their allocations to exchange-traded products over the next three years
Banks hope for CCP capital concessions at Basel meeting
Banks and CCPs are pressing for changes to method of calculating default fund capital
Kirilenko to step down from CFTC
US regulator's chief economist will move to academia
UK government rejection of ICB leverage ratio favours lending over stability, expert says
Rejection of ICB's leverage recommendation puts lending above stability, according to legal expert
Edhec develops framework for Solvency II equity risk management
Formula for risk control framework can optimise equity risk capital costs, claims research body
May sees US fixed-income ETP record despite flight from high-yield bond products
High-yield ETPs in the US experienced their first outflows since November 2011, but inflows into government bond products propelled May to a record-breaking month for fixed-income ETPs