News
Cargill sees growth in plastics hedging
Swaps unit of commodity trading giant describes increasing need for derivatives on resins prices
Risk managers wary of op risk securitisation
Sfr270 million transaction by Credit Suisse and Zurich thought unlikely to be copied due to SMA
UK resists expansive view of Mifid II position limits
FCA suggests limits shouldn’t apply to OTC trades between non-EU entities
SGX to charge negative interest to clearing members
Excess euro and yen cash deposits expected to generate 20–40bp charge
Cyber crooks covering their tracks, says UBS intelligence chief
Cyber criminals are increasingly turning into masters of disguise, OpRisk Asia conference hears
China FX forward rules set to boost renminbi options market
PBoC extends reserve requirements on onshore forwards to foreign banks
Indonesia looks to bring $10bn forex hedging market onshore
Central bank seeks ways to improve corporate risk management
Banks fear costs from loss of AAD under simpler FRTB rules
Trading book regime may force use of more expensive and time-consuming ways of computing risk sensitivities
BNP Paribas shakes up commodities business
Soulami shifts to green-energy role after 10 years as commodity derivatives chief
Bank size and tail losses skewing SMA calculation
Op risk researchers criticise logic of planned new capital method
Year-end deadline for fixing CCP recovery plans 'not realistic'
Some central counterparties are unable to maintain a continuous 'cover two' standard
China to create own version of forex code
New committee to write Chinese version of code for onshore banks
China leverage clampdown to hit two-tier structured products
Product issuers look to derivatives to boost returns, but options are limited
HKEx: real-time settlement key to cross-currency swap clearing
JSCC and KRX also said to be working on cross-currency swap clearing offerings
New accounting rules expected to hit US banks hardest
FASB’s Cecl rule could mean loss provisions for loans are three times higher compared with IFRS 9
CVA models may miss half of true default risk
Benefits of initial margin also overstated, new research finds
Buy side backs call for US Treasury new-for-old scheme
A programme of bond exchanges could revive liquidity in off-the-runs
Swift CEO gives network top marks despite $81m Bangladesh Bank theft
Banks need to upscale their security infrastructure, says Leibbrandt
FCA’s ‘zero tolerance’ on KYC fosters de-risking – BBA
Media and UK regulator’s approach to financial crime criticised at Commonwealth discussion
Esma buys time to fix broken client clearing chains
Two-year clearing delay for small firms might allow indirect model to be built
BoE researchers outline risk of collateral collapse
In stress periods, collateral chains could break, paper warns
India hesitates on physical settlement for commodity options
Sebi wrestling with shoddy warehousing infrastructure
Fund managers and insurers unite to combat Priips confusion
Cross-industry working group pledges to develop industry-standard templates
Non-MTF products may let energy firms escape Mifid II
Critics slam 'loophole' as Germany's EEX launches new power and gas instruments