News
Banks ‘hurting, but not dead’ after Brexit shock
Last-gasp hedges may have eased the pain of Brexit for some banks
EU energy firms fret over ‘massive’ impact of CRD IV
Regulators should adjust capital regime for asset-heavy commodity companies, conference hears
EC to hold crunch talks on CCP recovery and resolution
European Commission said to be close to unveiling proposal on stricken clearing houses
Emir clearing mandate for NFCs is unjustified – EDF Trading
No good reason to subject energy firms to mandatory clearing, says firm's head of regulation
People: HSBC appoints markets head to new digital role
Credit Suisse loses European prime derivatives head; SocGen CRO retires; Citadel Securities hire from Barclays macro sales desk
European energy regulators step up market surveillance
Despite quality concerns, monitoring of Remit trade data is under way, officials say
Brexit hedging leaves Ficc books unbalanced
Market-making desks struggling to recycle some client flows ahead of referendum
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