News
Volatility traders wrestle with digital risk of Brexit
Skew on major indexes leaps after market wakes up to risks of UK's referendum
US regulators favour September margin deadline
September 1 roll-out would threaten bilateral swap trading chasm between EU and US
Shell compliance chief rues ‘perverse outcome’ of Mifid II
New EU rules may fragment liquidity and spur regulatory arbitrage, conference hears
Banks reject Basel’s IRB data shortage claim
Internal models remain more accurate than standardised approaches, say industry responses
Death knell sounds for India's P-note trade
End to offshore tax exemption would hit equity-based offshore trading product
KYC rules force banks into costly off-boarding exercise
Shedding unprofitable clients drains operational and IT resources
Three lines of defence a struggle, say op risk heads
Separation "theoretically perfect" but "practically, hugely flawed" says UBS's Hunt
König: banks should not wait to build bail-in buffers
Single resolution board head also warned against political back-sliding on bail-in
Global capital rules for insurers must allow internal models – ABI
European firms should be free to use in-house models for insurance capital standard, even if US firms cannot
Cyber is just a ‘subset of operational risk’, CISO says
Information security should use same framework as op risk, Cyber Risk Europe delegates hear
IFRS 9 packs bigger punch than Basel changes, say bankers
Capital hit from new loan loss accounting rules to rival incoming Basel regulations
SEC legal hurdles threaten non-US CDS dealers
Row over access to books and records threatens to undermine registration rules
Operational risk managers told to do less to succeed
Resist temptation to intervene often, says head of op risk at UBS Asset Management
EU energy firms uneasy over inside information proposals
List of information expected or required to be disclosed under the Market Abuse Regulation is 'misleading', say industry groups
MarketAxess to offer cut-price dark pool liquidity
High-yield bond block trades could be 100bp cheaper on new platform, says executive
European regulators resist Basel risk models clampdown
EU authorities express concern over move to less risk-sensitive capital requirements
Delay US non-cleared margin rules, industry tells Congress
“This puts the US banks at a huge disadvantage relative to the European banks,” says CME’s Duffy
UK financial firms lack ‘basic cyber hygiene’, says FCA
Financial regulator says it will challenge firms more regularly on cyber security
Council of the EU set to agree on money market fund reform
Amendments and deadline extension spark relief among end-users
Basel’s Adachi: banks may discard some loss data under SMA
Losses from discontinued businesses may not count towards op risk capital
NPLs to blame for lending drag, say regulators
Banks that have already increased capital are lending most, says EBA's Enria
Isda support makes ISIN adoption all but certain
Future of alternatives in doubt as ISINs integrate Isda taxonomy
Status quo will push back on blockchain, conference hears
Control, cost, intermediaries and law all seen as hurdles for use of blockchain in financial markets
Energy firms under pressure to improve trade surveillance
Monitoring at most energy firms inadequate for regulation, say consultants