News
European Parliament has neglected FX exemption question, says UK MEP
Kay Swinburne criticises colleagues in the European Parliament for failing to tackle the question of whether forex contracts need to be subjected to new clearing and reporting requirements
Truslow named to lead US bank lobby group
Don Truslow, Wachovia's former chief risk officer, will be executive director of the Financial Stability Industry Council
Citi names electronic execution head
Reyes Miras moves from JP Morgan as Citi grows listed-product business
SGX names DBS's Michael Syn as head of derivatives
Singapore Exchange has recruited Michael Syn as its first head of derivatives in a bid to bolster its trading business.
DBS risk chief fears Basel III liquidity rules still ‘not realistic’
Elbert Pattijn, chief risk officer at DBS in Singapore, believes modifications to Basel III liquidity rules made late last year may still fall short of industry requirements to meet the final regulatory definitions of high quality liquid assets.
Israel’s Fischer calls for international FX rules
Bank of Israel governor Stanley Fischer calls on IMF to draw up set of international rules on foreign exchange intervention
Counterparty risk management at Asian asset managers found wanting
Institutional investors in Asia have some way to go to meet on-going regulatory requirements as set out by Dodd-Frank, the European Commission and other initiatives aimed at mitigating risks inherent with over-the-counter derivatives, a BNY Mellon survey…
Henry Hub futures activity surges
Volume in Nymex’s benchmark Henry Hub natural gas contract exceeds 500,000 contracts for first time
Eurozone CDS spreads decline in early 2011
Risk perceptions on eurozone sovereigns have eased since the turn of the year, but Middle East volatility continues
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Fed wants right to choose which non-banks pose systemic threat
Federal Reserve rule proposes that it will have discretion to determine whether non-bank financial firms come under Financial Stability Oversight Council’s watch on case-by-case basis
Omnibus II needed to meet Solvency II deadline
German insurer R+V says EC was "lucky" Omnibus II was available to add transitional measures into the impending insurance capital regime
Sovereign CDS markets unworried in early trading
Protests continued, but Middle East and north African government risk largely unchanged
UK structured products market grows 20% on back of increased risk appetite
UK structured products market grows 20% on back of increased risk appetite
New York Fed risk chief joins AIG
Brian Peters named insurer's enterprise risk head
Central banks accused of collateral hypocrisy
Despite the funding risk it creates, central banks still refuse to sign two-way collateral agreements
BoJ governor becomes vice-chair of BIS
BoJ governor becomes vice-chair of BIS
CDS spreads fall across Middle East
Political tension eases in Egypt, but eurozone spreads widen
Banks should still prep for Bribery Act despite delay, says consultancy
Protiviti does not expect the Bribery Act to change substantially, but hopes for more guidance from UK government
Risk management booms in sub-Saharan Africa
Risk management booms in sub-Saharan Africa
Concerns over Egypt & inflation push oil derivatives trading volumes to record levels
Oil prices will continue to rise to triple-digit highs over 2011 on long-term Egypt risk premiums and continual unrelated underlying issues, say market experts
Stressed VAR questioned by risk managers
Basel 2.5 capital charge incoherent and challenging to implement, say risk managers
Egyptian turmoil prompts oil inflows but BAML advises caution
ETF Securities saw inflows into its Brent ETCs last week spurred by the political situation in Egypt, but investors are being warned against jumping into the Egyptian equity market.