News
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
TLAC subordination requirements loom in Europe
EC favours excluding derivatives from MREL and taking French approach to subordination
Barclays names Portney as investment bank CFO
Ex-clearing exec had also been equities CFO in long JP Morgan career
EBA connected counterparty plan raises compliance jitters
Guidelines would cut the large exposure due diligence threshold to 2%, versus the 5% Basel standard
Dealers predict ‘softening’ of NSFR in Europe
Some banks' pricing already assumes rule will be watered down
UBS saves Sfr295m in capital via swaps margin change
FDIC vice-chair has warned of hidden dangers in new approach
Barclays loses top clearing exec
Industry has seen string of departures from senior clearing roles over past year
EU non-cleared margin rules tipped for February
Regime likely to begin earlier than mid-2017, say regulatory sources
People: Credit Suisse’s Bhandari joins Nomura
Folloit joins Citi from BAML; Barnard departs RBS
Bank stress, Brexit drive DoubleLine out of European credit
Fund manager warns ECB’s corporate bond buy-backs may produce “adverse outcome”
Banks take flexible approach to pricing netting risks
Dealers are adjusting CVA prices, depending on their view of the legal netting opinion
Dealers decry wrangling over EU structured product reforms
MEPs' threat to vote down Priips RTS could herald "nightmarish scenario"
Banks fear FRTB internal model approval gridlock
UK regulator said to have concerns about the high volume of simultaneous approval requests
Lloyds' CVA head exits for JP Morgan
Julian Keenan leads Asia credit portfolio trading at the US bank
Downgrade fears push South Africa banks to join CCPs
FirstRand, Barclays Africa and Standard Bank eye direct LCH membership
Capital hawks advocate bail-in flexibility for Italy
As stress-test results loom, experts say tackling legacy loans should take priority over bail-in purity
People: Management shake-up at Societe Generale South Korea
Senior moves at SG in Korea; Axa Asia's COO; StanChart's Murthy retires; and others
LCH nixes US repo clearing, Weisbrod departs
David Weisbrod, CEO of LCH’s US businesses, left the company last month
Taiwan’s derivatives clampdown may slow innovation
Market participants fear new approval requirements will hinder structurers
Experts question CPMI-Iosco cyber guidance
Speedy settlement and resumption of services after cyber attack could be counterproductive
People: Trio of senior execs depart UBS investment bank
UBS reshuffle; Icap chief exec departs; Green leaves Lloyds for Scotiabank
Ex-HSBC trader faces extradition to US
DoJ plans US charges for Scott over forex frontrunning
Transitional resets pose reporting challenge for insurers
Uncertainty over approval process leaves firms “in limbo”