News
Indonesia urged to go further to build hedging market
Banks warn that bringing call spreads onshore is not enough and could produce distortions
Mixed views on Dodd-Frank rollback
No need to dump central clearing and electronic trading mandates, market participants say
Isda touts CSA standardisation in margining countdown
But scale of challenge becomes clear in early tussles between dealers and clients
Isda Amend faces rival in CSA repapering effort
AcadiaSoft to launch new tool in January, but protocol approach attracts wider criticism
People: Deutsche’s Leake heads to Goldman
Gill departs CME; Mizuho bolsters quant ranks
CSRC: commodity futures speculation not moving spot prices
Eye-watering one-day moves on China spot commodity markets due to “supply and demand”
FRTB survey: banks fear high bar for P&L test
One bank expects all of its desks to fail the P&L attribution test
Singapore fines two foreign banks for 1MDB-related breaches
Investigations continuing into Goldman Sachs’ role, regulator says
US banks fear margin rules could hit emerging Asia liquidity
Unequal margining requirements may be a turn-off for local counterparties
R3 banks disagree over DLT implementation
Blockchain consortium confident it can raise $150 million by next summer
Market expects Holdco CDS switch for iTraxx index
TLAC-driven issuance changes likely to see UK and Swiss holding company CDSs included in iTraxx Financials
Buy-side Awards 2016: The winners
ICI is best pension fund; Rothesay named top insurer; Vanguard wins asset management risk manager award
VM regime threatens explosion of small margin calls
Transfer threshold designed to avoid small payments is unworkable, critics claim
Basel still pushing for capital model floors
Bank treasurers call plan to underpin internal models with standardised floors “unmanageable”
EU could impose negative rate shocks via IRRBB rules
Banking Book Risk Summit: EBA guidance on shocks is “outdated”, says ECB official
RBS must raise £2bn after failing stress tests
Lender releases new capital plan after worst performance in BoE test
Bank treasuries grapple with IRRBB data requirements
Banking Book Risk Summit: Data from recent zero rates era not a reliable behavioural indicator
IFRS 9 to drive regulatory capital volatility, experts warn
Banking Book Risk Summit: Expected credit loss accounting will be subjective and confusing
Dealers urge further clarity on rules for ailing CCPs
New European rules stop short of defining resolution triggers
Multiple NPL models better than single models, research finds
Combinations of models produce better NPL estimates in study of Greek crisis
UK-based energy firms consider fleeing Brexit
Trading units exploring relocation to avoid “years of uncertainty”, says AFM official
Op risk family tree challenges Basel’s business line focus
Cladistic analysis shows importance of control failure, crime and fraud
IFRS 9 expected to boost options with corporates
New rules limit options volatility in P&L; some hedgers already taking advantage, banks claim
Industry friction on initial margin model backtesting
NFA said to have set 10-day standard; other regulators applying different approach