News
End of sanctions offers chance to fix Iran’s banking sector
Complex political situation makes reform more challenging
Part fills add to liquidity woes and sharp price moves
Not trading in full amounts makes market-making harder and more expensive for clients, say market participants
EU's foreign benchmark equivalence rules under fire
Critics fear repeat of CCP approvals saga
EBA lacks mandate for new CVA push, critics claim
Move to hike counterparty risk capital has corporate treasurers ‘fuming’
Hungary central bank action ‘distorting’ swaps curve
Flooding market with cheap swaps knocks 14% off bid rate
Emerging market benchmarks under threat from EU law
Heightened regulatory scrutiny discourages banks from participating in third-country benchmarks
Autocallable issuers avoid pain despite HSCEI collapse
Dealers say Korean autocall pain subdued as volatility stays low
EU benchmark rules open to regulatory arbitrage, say rate-setters
Fears firms may seek to limit scope of publication if ‘index’ definition is too narrow
Firms fail to unlock benefits of key risk indicators
Risk culture and data problems have besieged KRI programmes, say authors of new book
People: SEC rings changes; Source names finance chief
Other news: Leonteq appoints Japan head; Arnaud trades SG for BAML; Goldman’s Frankel retires
People: Venkatakrishnan named as Barclays CRO
Bailey gets job as FCA chief; Poppensieker returns to McKinsey; Pershing says hello Dolly
Japan’s Quick takes on MarkitWire with domestic affirmation service
Japanese language service targets domestic regional banks
Risk analytics head Canabarro leaving Morgan Stanley
Eduardo Canabarro set to be replaced by Andreas Gocksch, say sources
Goldman Sachs’ Frankel departs
Veteran derivatives markets exec says he may continue work on risk and margin projects
Volcker rule didn't dry corporate bond liquidity, research says
When banks closed prop desks, market liquidity improved, academics claim
Isda and FIA urge phased implementation of Mifid II
One-year delay to new regime will not solve data problems, industry argues
SEC rule hikes cost of trading US CDS for non-US firms
CDS trades between non-US counterparties will be captured under Dodd-Frank
European regulators lag on model validation, top quant claims
Supervisors in mainland Europe are 'all over the map' on model validation, says Morgan Stanley's Jon Hill
EU-US clearing deal ‘good enough’ to avoid CME exodus
Banks had planned to quit US clearer on February 21
Bank data executives split on BCBS 239 sanctions
HSBC's Mavroudis says fines are likely; Mizuho's Alvarez sees a measured response
BoE: leverage ratio carve-out needed for clearing
Collateral should cut exposure, says BoE, citing need to ensure "continuity" of clearing business
Banks collaborate on non-financial risk taxonomy
Operational risk practitioners from large banks working together on industry best practice
People: Barclays ousts head of rates trading
Yarian leaves Barclays; FCA makes Bailey chief executive; Kelleher becomes Morgan Stanley president
Random drawing might fill gaps in liquidity risk data
HypoVereinsbank risk controller proposes bootstrapped approach to liquidity stress testing