News
Benchmark reform could hit cross-currency basis
Traders criticise fragmented development of new risk-free rates
Dump jargon and engage with business, op risk managers told
Operational risk urged to assume bigger role in strategic and HR decisions
Conference hears fierce criticism of Basel op risk plans
Op risk professionals pour scorn on SMA charge, but some bank experts speak out in favour
Bangladesh central bank governor resigns over theft
Atiur Rahman has resigned following theft of $101 million
Op risk models still needed despite SMA, says regulator
Models “play an important role in quantifying risk”, says OCC's Beth Dugan
Firms seek to improve use of key risk indicators
KRIs are useful tools, say risk managers, but can also be a source of frustration
EU position limits pose headaches for national regulators
Proposed Mifid II limits on thousands of commodity contracts worry some officials
New research shows FVA is not part of P&L – Duffie
Pricing experts defend practices that resulted in huge FVA losses
Some European banks pricing in Pillar 2 CVA charge
But three dealers say it is too early to know whether corporate CVA exemption will be removed
Leeson: risk managers should be personally liable for trades
Former rogue trader says new UK rules could "change the way people look at risk"
South African banks may pool quants to tackle FRTB
Senior trader fears banks don't have quant resources to meet FRTB deadline
Liquidity obsession 'irrational', says UK rail pension head
Chief executive of railways pension group says cost controls more important
EC urged to target initial margin for CCP recovery
Irish central banker says haircuts should be seen as temporary loans to CCPs in a crisis
Banks save €3.5bn in swaptions compression drive
Capitalab removes €1.3 trillion notional, cutting capital requirements
People: New Asia-Pacific legal head for CME
Nikko Asset Management's new risk chief; Credit Suisse hires in Asia; Listorti leaves ANZ
Basel op risk plans 'not fit for purpose', say banks
SMA expected to raise capital charges, but lower standards in risk management
SGX hopes to shake up LNG market with new index
Traders cautiously optimistic about ‘Singapore Sling’ index and derivatives
People: Barclays’ Staley taps JP Morgan for CRO and COO
Morgan Stanley loses risk analytics head; Portney leaves JP Morgan; Goldman shuffles London office
CME set to launch swaptions clearing in Q2
Uncleared margin rules the driver; may also impact CME-LCH basis
SEC in wait-and-see mode on CDS clearing mandate
Industry sources that have met with the agency claim it has “no plan” for mandate
UK regulator outlines wish list for Solvency II review
Risk margin “highly pro-cyclical” and ultimate forward rate “completely unrealistic”, says financial policy director
US issuers push for structured notes TLAC carve-out
US banks lobby Fed to reconsider eligibility of principal-protected notes
Barclays opens up forex desks to last-look lawsuit
Agreement will help investors pursue other market-makers
Freddie Mac reviews $600bn hedge book as losses mount
Swap spread inversion contributed to derivatives losses of $2.7 billion in 2015