News
Esma changes to position limits seen as ‘sensible’
Regulator allows higher limits for less liquid commodity derivative contracts
Euro banks to bear brunt of €115bn SMA capital hike: study
"You will get some winners and some losers, but with this it's mostly losers," says ORX's Carrivick
Banks remodel issuance structures to combat TLAC
New subsidiaries set to dodge structured note issuance limitations
Banks fear early rollout of EU margin rules for forex forwards
Industry calls on EC to clarify when foreign exchange forwards will be subject to variation margining
EU energy firms kept waiting by stand-off over Mifid II rule
Progress on ancillary exemption halted by ‘political’ dispute between EC and Esma
Asian private bank clients switch to rate structures
Stock market falls steer clients away from traditional equity focus
Citi appoints new Asia-Pacific commodities head
Stuart Smith joins Citi from Commonwealth Bank of Australia
Nordea cutting alternatives after shift to unit-linked products
Heightened lapse risk ends 20-year "romance" with hedge funds, says Nordea Life & Pensions CIO
Regulators see 'long journey' to getting Orsas right
Insurers still treating own-risk assessment too much like a compliance exercise, Nordic supervisors say
Goldman hires new co-head of commodities trading
Bank taps Mercuria's US power and gas head for senior role
European banks pressed to boost model risk management
US model risk management guidelines being increasingly used by banks and regulators elsewhere
People: Citi names new global equities co-heads
Guenther rejoins BNP Paribas from Mercuria; Lacour takes helm at HSBC
Swift details plan to toughen cyber defences
Five “strategic initiatives” designed to help global financial community prepare for future attacks
US banks fret over Fed's domestic internal TLAC concept
Lobbyists fear authorities have already reached a verdict on domestic internal TLAC
Mortgage investors grapple with negative swap spreads
Collapse of US swap rate creates problems for valuation models
Investors must probe bank culture, says veteran financier
Ex-Barclays chairman says managers should take “stewardship responsibility” for bank conduct
New forex conduct code receives overwhelming support
Code covers ethics, governance, information sharing, execution, risk management, confirmation and settlement
Asian banks plead for extra time on Basel credit risk reforms
Switching to the standardised approach for credit modelling could have an impact on their legacy books
Balz slams IAIS for rule-making 'behind closed doors'
Failure to engage with European Parliament will delay and undermine international insurance regulation, says MEP
EU regulators warn on US resolution rules
Questions on US TLAC bills for foreign subsidiaries and bankruptcy-based resolution
Economists question cost benefits of derivatives clearing
New research finds no compelling economic rationale for central clearing
People: Top quant Lipton leaves Bank of America after 10 years
Return to academia for derivatives pricing expert
Bangladesh Bank theft shines light on cyber risk
Banks and regulators increasingly concerned amid high-profile cyber security breaches
New US tax rules could hamper ETN market, dealers warn
IRS’s forthcoming Section 871(m) rules could inadvertently capture legacy ETNs