News
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
Clearers laud EC transition extension for non-EU CCPs
Absent the extension, OCC estimates extra $74 billion in RWAs for European members
Indian CCP equivalence push hits data protection roadblock
CFTC demands India’s clearing house hand over information on trades involving US persons
Industry faces crunch time on Simm enhancements
If the required new risk factors are not added on time, firms may face a more punitive look-up grid
Bailouts more likely in unequal democracies, research finds
Accountable governments face pressure to preserve banks
European NSFR revamp could save banks billions in funding costs
Commission expected to ease pressure of liquidity ratio on derivatives positions when it unveils CRD V proposals
Bankers told to lead from the top on Mifid governance rules
Structured products issuers’ strategy should reflect new guidelines, say regulators
People: CME hires new energy head for Asia-Pacific
Plus: Commonwealth Bank's new commods hire; SocGen's Ricke moves to UK; Icap's Apac appointment
SGX rules out VM haircutting in recovery planning
Hitting variation margin "inappropriate" in Singapore context, but some bankers support its use
Don’t use structured products to bet on politics, say issuers
Structured Products Europe: Panellists speak of Brexit hedges backfiring and Trump win confounding expectations
Bank merger ban key to stability, conference hears
"Hypercompetition" fatal to UK and US banks
Structured product innovation under threat, say distributors
Structured Products Europe: Regulatory burdens holding back new structures
Final Priips rules tipped for April 2017
Banks may push ahead with publishing key information documents before compliance date
Suspend bank capital rules following an FCM default, CFTC told
Banks may be more likely to bid in post-default auctions if temporary capital relief is granted
Asia braced for Trump extraterritorial impact
Doubts about pan-Asian response to any increase in Western financial protectionism
Trading stalls on China's new CDS market
No transactions after first day of trading, while price discovery is problematic
Dealers split over competing repack standardisation efforts
Rival initiatives aim to standardise documentation for repackaged bond investors
Federal insurance bodies defend role under Trump
Federal Insurance Office and Federal Reserve say work alongside state regulators critical for industry
Ringgit NDF market collapses after central bank curbs
"Implicit threat" to banks that continue trading non-deliverable forwards
Regulators deaf to variation margin concerns, say dealers
Banks told they cannot lobby on behalf of clients over looming variation margin rules
CCP default risks not correlated, CFTC finds
Timothy Massad: stress tests reveal “quite a bit of diversification” in CCP exposures