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Impact of regulatory reform only 50% understood, warns KPMG's Topping
A substantial amount of the regulatory reform sweeping the US and Europe is still little understood and Asian institutions have yet to get to grips with the full impact of these changes, say speakers at industry event in Hong Kong. Intra-day data and new…
BNP Paribas takes €108 million hit on swaps after switch to OIS discounting
French bank becomes the latest to divulge a revenue impact from a change to overnight indexed swap discounting
Republicans renew opposition to US consumer finance watchdog
Senate minority vows to block any and all CFPB directors, unless Congress is able to approve the agency's budget
Less than 50% of insurers think industry will meet Solvency II deadline, survey finds
Less than 50% of insurers think industry will meet Solvency II deadline, survey finds
Eiopa’s Bernardino: stress tests are Solvency II trial run
Eiopa’s Bernardino: stress tests are Solvency II trial run
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On the move
GDF Suez chooses bank status for new trading arm
European energy giant GDF Suez this week launched a new trading unit, choosing to obtain bank status that prepares it for potentially tougher European regulation of commodity trading
Morgan Stanley confirms Hotsuki as CRO
Interim chief risk officer Keishi Hotsuki lands role
IRM tackles thorny issue of risk appetite in new consultation paper
IRM issues guidance for boards of directors of listed companies on how to set risk appetite and tolerance
Institutions must increase scrutiny of sanctions lists after Bin Laden's death
The death of Osama Bin Laden is likely to mean movement of terrorist assets, which means banks must be on their guard, says Logica director
Greece will default, panellists say
Panellists at the Fathom Consulting Monetary Policy Forum say Greece will likely default on its debt
Will ruling create agreement on regulatory jurisdiction?
Will ruling create agreement on regulatory jurisdiction?
US energy speculation investigation begins anew
US oil & gas price fraud committee to probe trader and investor activity
Trading positions - May 2011
Energy Risk catches up with the latest appointments, promotions and departures in global commodity markets
CLS names first chief risk officer
Naresh Nagia joins from Genworth to head settlement provider's risk management
Christoph Michel joins Natixis as Asia CRO
Christoph Michel joins French investment bank Natixis as chief risk officer Asia Pacific from CLSA.
Trouble of removing ratings highlighted by SEC
SEC proposal to remove ratings shows difficulty ahead for other US regulators, including banking agencies
GFI Fenics makes four new hires across Asia-Pacific
GFI Fenics, a subsidiary of GFI Group, adds four new members to its commercial team in Asia-Pacific.
SEC and CFTC ask for more funds to meet Dodd-Frank workload
Regulators seek $1.4bn and $308m respectively, but $117m CFTC “user fee” apparently dropped
Islamic Bank of Asia names O'Connor as new CEO
Toby O’Connor has been appointed the new CEO of the Islamic Bank of Asia
MF Global reinvention continues with new derivatives hires
Brokerage adds to commodity and equity teams, and prepares to close Paris and Zurich offices
Standard & Poor’s Civets index looks for growth beyond the Brics
Standard & Poor’s has launched the S&P Civets 60 index, designed to track stocks in non-Bric emerging markets
FSA: insurers should prepare for failure of internal model approval
FSA: insurers should prepare for failure of internal model approval
SMX chief resigns, will stay on advisory board
Thomas McMahon, chief executive of the Singapore Mercantile Exchange (SMX) resigned over the weekend