News
Basel III liquidity rules won't be watered down in Europe, says ACP's Nouy
Autorité de Contrôle Prudentiel secretary-general Danièle Nouy says looser language in the CRD IV draft won't ultimately mean weak rules in Europe
M&G adds restructuring lawyer to debt workout team
Mustafa van Hien joins UK fund manager from Jones Day
China banking regulator eases lending rules for small businesses
The China Banking Regulatory Commission has eased regulatory capital requirements on the small business lending activities of banks, effectively carving these out from loan-deposit ratios. The move looks set to bolster lending to small enterprises while…
Industry chiefs call for Asian credit rating agency; 'big three' too ‘US-centric’
Senior industry figures in Asia, including outgoing SFC chief Martin Wheatley, say Asia needs an internationally recognised ratings agency to compete with Fitch, Moody’s and Standard & Poor’s.
Emerging risk detection continues to pose dangers
Regulators keen to see evidence of how institutions identify emerging risks in next round of stress tests
Basel Committee continues to reject equity for the LCR
Equities do not have the necessary characteristics to be included in the liquidity coverage ratio, says general secretary Stefan Walter – but some banks disagree
Ex-IMF adviser calls for 'hard rules' on cross-border resolution
Former IMF adviser Rosa Lastra says international regulatory framework should apply 'hard' rules on cross-border resolutions
Leuschke quits RBS
Royal Bank of Scotland loses its global head of foreign exchange sales
OpRisk Europe: Revised ORX reporting standards due imminently
New standards will clarify definitions and requirements for reporting to loss data consortium
OpRisk Europe: Reporting key to competent risk management
Reporting is key to competent risk management, yet is often neglected, New York Fed op risk specialist warns
OpRisk Europe: Fairness fights fraud, conference told
Firms can mitigate the risk of employee fraud by paying attention to their infrastructure and culture and also to the employees themselves, according to psychologist Adrian Furnham
JP Morgan bolsters Asia equity derivatives team with two new hires
JP Morgan has added to its equity derivatives group in Asia by raiding Goldman Sachs and Morgan Stanley
Industry resists Dodd-Frank real-time reporting
While the Dodd-Frank Act calls for real-time trade reporting, industry insiders argue it will be misleading
Position limits will feed risk into real economy, say energy companies
Energy market participants have expressed doubt that European position limits proposals will achieve reductions in market volatility, and warned of unintended consequences for end-users' risk management
OpRisk Europe: Incorporating legal risk "not a done deal" at Deutsche
Rob Nagra of Deutsche Bank tells of the tough journey Deutsche have had to get legal risk recognised as operational risk, while another international bank has found it easy
Restructurings may offer a solution to eurozone debt woes, says John Redwood
MP and chairman of the investment committee at Evercore Pan-Asset says bondholders must reconcile themselves to taking losses in any restructuring plan for Greece and other troubled peripherals
Outgoing SFC chief slams Geithner on regulatory arbitrage comments
Martin Wheatley, the outgoing chief executive of the SFC, dismissed suggestions Asia may attempt to use regulatory arbitrage to the detriment of the US; Alexa Lam, named as the interim CEO
S&P launches additional risk control indexes using bonds to add upside
Standard & Poor's has launched a second series of its popular risk control indexes, this time using a bond component while targeting a specific level of volatility
OpRisk Europe: Business continuity must be "reloaded"
Volksbank op risk head says many continuity plans do not reflect lessons from the financial crisis
Singapore’s GIC to name Chia as successor to Sung as CRO
GIC has appointed Chia Tai Tee to succeed Sung Cheng Chih as chief risk officer. The move is part of a managed succession. Sung, who warned of the dangers of CDO investments prior to the financial crisis of 2007/2008, will remain as a consultant to the…
OpRisk Europe: clear risk lines vital, Wymeersch says
Eddy Wymeersch calls for independent risk function at top level
OpRisk Europe: EBA calls for common approach on CRD
Bernd Rummel describes EBA push for Europe-wide approach to capital rules
JP Morgan private bank recruits Lum to cater to China ultra-high-net-worth individuals
The US bank has continued its recruitment drive in the region, snaring Rebecca Lum from UBS to look after wealthy Chinese individuals offshore
Deutsche Bank merges OTC and listed clearing businesses
Deutsche restructures clearing initiatives in response to global regulatory push towards OTC derivatives central clearing