News
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
Dealers commit to provide liquidity for Libor alternative
Transition will be gradual with bilateral swaps adopting new rate before CCPs
SEC lawyer: corporate negligence charge a game-changer
UBS V10 case highlights ability to levy charge on firm rather than individuals
Capital buffers for CCPs ‘the way forward’, says CPMI chair
ECB board member Benoît Cœuré calls for minimum capital requirement and stress testing of CCPs
Research uncovers new sources of financial model risk
Past performance of financial models is no guarantee of future success, two forthcoming papers suggest
BoE's Sonia fixation complicates secured rate transition
Bank's continuation of Sonia could jeopardise shift to secured rate as Libor replacement
Regulation remains top concern for US energy risk managers
Capital requirements, position limits and other rules still hampering liquidity, conference hears
People: SG Americas appoints chief culture and conduct officer
Nancy Harrington Jones is promoted; Cheri McGuire joins Standard Chartered as CISO; Penny Judd exits Nomura
India proposes tough uncleared swap margin rules
RBI underscores India's status as a non-netting jurisdiction
Vickers renews call for greater focus on bank equity
Bank of England overconfident on resolution and counter-cyclical buffer, ICB head says
Morgan Stanley’s Sherk stresses value of oil hedging
Options have become good way for E&P firms to raise capital, top banker says
DTCC coaxing HFTs to become clearing members
US Treasuries CCP concerned about contagion risk threat to existing members
Euro regulators may look to cull internal credit risk models
Fewer models and higher capital requirements seen as likely outcomes of SSM review
Pressure grows for more opt-outs from Basel for smaller banks
Key MEP urges broader exemptions for regional banks as FRTB looms
Flexibility of new stay protocol seen as draw for buy side
Dealer-by-dealer approach calms worries over fiduciary duty, lawyers say
CFTC moving to amend position limits rule, sources say
Supplemental proposal aims to ease industry concerns over hedging exemptions
Australian banks fear loss of rates trading name give-up
A push towards anonymous trading via platforms could undermine counterparty risk management
Basel interest rate risk disclosures "problematic"
IRRBB could reveal commercially sensitive information and mislead analysts
Eurex faces questions on savings from buy-side clearing
CCP rebuffs argument that direct membership model will add to risk
End-users face extra unwind costs from CSA rate floors
Dealers demanding compensation for extra funding costs
Dealers disagree over charge for CCP counterparty risk
Fed stress tests push US banks towards charging CVA for cleared derivatives