News
WTI/Brent spread impacts commodity index returns
A re-balancing of indexes to include, or increase Brent weighting could be on the cards to combat sliding WTI/Brent spread, say index providers
Fannie Mae says FHFA's margin rules would drive up hedging costs
US mortgage giant says segregating variation margin will hurt FHFA- and FCA-regulated entities, and create new funding obligations for swap dealers
Termination of iPath volatility ETN 'likely to be repeated' in latest version
Barclays has issued a second version of its iPath Long Enhanced S&P 500 Vix Mid-Term Futures ETN, which some observers say risks suffering the same fate as its predecessor unless market conditions change
US CLO issuance bouncing back in 2011, say experts
While CLO activity remains below pre-financial crisis levels, a demand for higher yields is driving US investor appetite
BIS must continue to evolve: Caruana
General manager, Jaime Caruana, says BIS must continue to adapt to a changing world and work to incorporate emerging economies effectively
SFO's Murdoch investigations point to future Bribery Act enforcement role
Recent reports of the Serious Fraud Office's involvement in the News International case could reinforce SFO director Richard Alderman's argument for its independence
Belgian moratorium on complex products "could spell demise of reverse convertibles"
FSMA initiative aims to restrict the distribution of structured products deemed unsuitable for the average retail investor
Update: UBS expands derivatives structuring and adds to ex-Deutsche roster
The Swiss bank has named the heads of its global equities structuring operations, increasing its collection of former Deutsche Bank executives in the process
Foreign banks get temporary respite from China’s new ‘Volcker rule’
Foreign banks in China, particularly thinly capitalised branches that are not locally incorporated in the country, greeted a decision by China’s banking regulator to postpone rules aimed at limiting non-hedging business onshore with relief this month…
OECD calls for greater access to data and increased risk modelling for regulators
The OECD highlights a lack of access to data and a need for varying risk models for regulators and risk managers
FX Week USA: Recovery has taken a nose dive, IMF warns
Monetary and capital markets deputy director Christopher Towe tells conference delegates that ongoing vulnerabilities could sow the seeds of the next crisis
Read and Causer bet on Spanish and Italian bonds
Opportunities exist thanks to volatility, the Invesco managers say. However, M&G's Woolnough disagrees and remains bearish
DTCC, Swift reveal details of repository plans
Swift will provide its existing FX derivatives messaging traffic while DTCC will leverage its expertise in the provision of repository services, the two firms have told FX Week
Quant Congress USA: Market efficiency is testable, claims Jarrow
Top quant claims traditional pricing models assume markets to be efficient – and says he can prove they're not
Quant Congress USA: BMW options "a recipe for disaster", says Dupire
Naive treatment of interaction between skew and correlation means writers of best-middle-worst options will face huge hedging losses, says top quant
Big bank CDS moves blamed on Italy, rather than stress tests
Eight banks fail EBA stress tests – but big CDS spread moves for European banks are seen as Italy-related
Bank strategy indexes risk getting sucked into Mifid automated trading consultation
Bank strategy indexes risk getting sucked into Mifid automated trading consultation
Taiwan's regulators express concern over product approvals
Taiwan's regulators express concern over product approvals
BNP Paribas and Janus Capital Group launch capital-protected fund
BNP Paribas and Janus Capital Group launch capital-protected fund
Citi launches onshore real-denominated structured fund
Citi launches onshore real-denominated structured fund
New Isda equity definitions to 'stand the test of time', lawyers claim
Participants say long, difficult talks will set stage for standardisation and central clearing
Former BA trustees vow court battle over move to CPI
The former trustees of the BA Airways Pension Scheme have vowed to take the scheme to court over its controversial move to stop paying pensions in line with RPI inflation
Updated: Renewables groups urge Lords to wave through feed-in tariff cuts
Industry associations urge House of Lords not to reignite feed-in tariff row