News
Swaps push-out a 'vast overreaction', says OCC's Walsh
Section 716 of the Dodd-Frank Act is based on a misperception of OTC derivatives, says acting OCC head - who also acknowledged criticism of US uncleared margin proposals
Icap's Spencer: 'not a prayer' of UK agreeing to FTT
Proposed EU trading tax would be vetoed by UK, says Icap's Spencer - if not, the broker will move its London HQ to New York
ECB in talks with dealers on buying inflation-linked bonds
Dealers will present their case as to why the ECB should buy linkers as well as nominal bonds in a conference call today
Investors in Asia-Pacific look to rates-based hybrids for yield
Low interest rates mean market participants expect the trend for hybrid structures to continue this year, boosted by demand for yield pick-up and diversification
Whitehead replaces Neviaski at SG CIB
New global head of commodities at Société Générale Corporate & Investment Banking (SG CIB)
Use of OECD ratings in US market risk proposals questioned
Country risk classifications "are not sovereign ratings" says OECD. US regulators last month proposed using them as an alternative to external credit ratings
UK MEP re-elected as head of European economic committee
Sharon Bowles will serve a second term as chair of Econ
New sector-specific ETFs tap demand for commodities
Lyxor and iShares find new ways to innovate with the launch of sector-specific commodity ETFs
Risk-reduction ETFs poised to gain ground
Market volatility is fuelling investor demand for exchange-traded funds based on risk control indexes
Belgium's structured products moratorium hastens rise in private banking activity
Belgian banks are targeting private clients with structured products that do not comply with the Financial Services and Markets Authority's moratorium, say market participants
HKEx mulls launching RMB commodities exchange
Potential first RMB commodities exchange to be launched in Hong Kong
Analysts upbeat on outlook for Saudi Aramco’s new trading unit
Saudi Aramco’s new trading unit, Aramco Trading, could become a serious competitor in the refined product space and boost volumes at the Dubai Mercantile Exchange, say analysts
Risk.net poll: Basel rules make client clearing uneconomical
Fifty-four per cent of respondents say new capital rules for bank exposures to central counterparty default funds makes it unattractive to offer client clearing services
CIBC hires Citadel's Siddique
Nadim Siddique joins CIBC World Markets as head of equity derivatives trading
FX swap cost could rise from €279 to €2,779 under EU tax, warns Oliver Wyman
Research published today on behalf of the GFMA global foreign exchange division highlights the potentially punitive impact of the financial transaction tax on the forex industry
Chartis appoints chief risk officer
Alexander Baugh promoted from CEO of Chartis Europe
UBS 'unethical' in mortgage-backed securities pricing
UBSGAM settles SEC mispricing charges for $300,000
SEC charges seven in insider-trading case
Hedge fund employees accused of insider dealing on a scale similar to that of the Galleon Group case
Remit reporting requirements remain unclear
Remit continues to pose problems, as energy firms look for clarity on how to meet the requirements
Keystone XL pipeline decision leaves Canada looking eastward
The US rejection of TransCanada’s proposed Keystone XL pipeline will hinder the development of the Alberta oil sands, while making the option of exporting crude to Asia more attractive for Canada, analysts say
Risk managers complain about Fed stress test workload
Twelve new banks are included in this year's US stress test, and some institutions are unhappy about the extra work
Lack of long-dated instruments hampering offshore RMB market
A strong demand for long-dated offshore RMB instruments is not being met by the market, according to one Hong Kong corporate
CCPs should have last word on OTC clearing, says FOA
Supervisors should not be able to force clearing houses to accept certain classes of OTC derivative, says FOA's Belchambers
Exemption for forex swaps and forwards should hold, says GFMA’s Kemp
James Kemp, managing director of the global foreign exchange division, talks to FX Week about the biggest regulatory challenges of 2012