News
Internal model compulsory for variable annuity providers in Ireland, says BOI’s Elderfield
Internal model compulsory for variable annuity providers in Ireland, says BOI’s Elderfield
Solvency II could alter product mix of US subsidiaries of European insurers
Solvency II could alter product mix of US subsidiaries of European insurers
Rothesay offloads longevity risk to US
Rothesay offloads longevity risk to US
Pension funds must focus on ‘left tail’ risk
Pension funds must focus on ‘left tail’ risk
BNY Mellon names Alan Harden as first CEO for Asia-Pacific
BNY Mellon Asset Management has hired Alan Harden from ING Investment Management as its first chief executive for the Asia-Pacific region.
Basel III liquid asset definitions loosened in CRD IV draft
Draft legislation seen by Risk contains less prescriptive language on what counts as an eligible liquid asset under the liquidity coverage ratio
Dodd-Frank puts market manipulation on the radar
Dodd-Frank regulation could usher in more market manipulation cases such as the recent CFTC case against Arcadia Petroleum, Arcadia Energy and Parnon Energy, say market experts
Central bank liquidity would help CCPs in distressed situations, says BIS
BIS weighs in on CCP central bank liquidity access debate
Buy-side firms call for greater margin security
US FCM omnibus model needs to be strengthened for OTC derivatives, say buy-side participants at a CFTC round table
Italy is real eurozone endgame, says top credit quant
Eurozone can finance a Spanish bail-out, but an Italian default is the real test of common currency’s survival, says NYU's Edward Altman
Scarps are to account for a quarter of the UK market this year, says Legal & General
UK investors are more prepared to take an element of risk in return for higher yields, according to UK market participants
Short-term products to attract corporate cash back into investments
Royal Bank of Scotland’s suite of short-term cash products aim to offer corporate investors solutions for the surplus of liquidity on their balance sheets and provide them with higher returns on their cash investments
Deutsche offers exposure to high-yielding Asian stocks
Deutsche Bank has listed three ETFs in London, giving exposure to emerging and Asian stocks
Korean regulator cracks down on scalpers arbitraging warrants market
The FSC in South Korea has introduced new measures aimed at stopping scalpers from making undue profits in the warrants market. But dealers are concerned the new rules are inadequate and may shrink the market unnecessarily as a consequence.
BoAML hires Peter Fung as head of Asia equity derivatives trading
Bank of America Merrill Lynch has hired Peter Fung from Deutsche Bank as head of corporate equity and fund derivatives trading for the region as it seeks to broaden the bank's equity derivative franchise with corporate and institutional clients.
Some way to go on Bribery Act compliance, survey finds
UK laws and public pressure putting spotlight on anti-corruption issues
Market focus on summer reliability after outages
North American power supply expected to meet demand this summer as Texas system faces increased scrutiny after winter outages
SFC reprimands Merrill Lynch over index-linked notes
SFC reprimands Merrill Lynch over index-linked notes
Goldman Sachs the most frequent visitor to CFTC to discuss Dodd-Frank
US dealer met with regulator on 49 occasions to discuss Dodd-Frank rule-makings
Industry models not sufficiently developed to calculate CVA charge, says Basel Committee
Basel Committee sticks to its decision not to allow banks to use their own models to calculate the CVA capital charge under Basel III