News
Insurance regulators blamed for Priips delay
Dealers welcome late changes to product risk rating parameters
Japanese regulator defends risk-based capital rules
Shirakawa warns binding leverage ratio could harm banks' risk management practices
Bloomberg works with banks on FRTB data pool
Pooling market risk factor data could cut capital requirements
European banks face steep op risk capital hike from SMA
Op risk accounts for 28% of US banks’ RWAs, compared with 12% at European banks
Corporates fear price rises if Basel curbs credit risk models
Trade finance exposures would move to standardised approach
People: Nomura names new group chief operating officer
Citi loses forex algo director; BNPP’s metals head relocates to Singapore; new appointment at Malaysia central bank
Structured product hedgers shun Eurex quanto futures
Maturities too short to hedge autocallable books, say dealers
DTCC bets on blockchain to slash CCP liquidity needs
New technology set to boost repo netting, shrinking $50bn facility "substantially"
Mac swaps, swap futures face new tax threat
Isda urges US tax officials to postpone rule treating certain payments as loans
Capital sums set to drive FRTB desk decisions
Using Volcker desk structure may hurt model approval chances, banks say
Investors to sue Portuguese central bank over asset write-down
Pimco and BlackRock lead bondholders in claiming the Bank of Portugal violated the law
SEC leverage ratio meetings alarm broker-dealers
US Treasury spread trades could face 850-fold jump in capital requirements
Basel Committee to amend leverage ratio calculation
CEM to be ditched, but regulators still considering treatment of client margin
ABN Amro cuts rates swaps from €24bn covered bond programme
High cost of downgrade triggers forces Dutch bank to use alternative hedge
Unresolvable clearing houses pose ‘enormous risk’
CCPs, the TLAC and Basel III capital rules are all cause for concern, Minnesota Fed hears
IT heads of energy trading firms wrestle with budget cuts
Migration to cloud-based solutions considered as budgets fall 20–25% in 2016
Questions remain after final EU uncleared margin rules
Industry gives a positive welcome, but the treatment of non-netting jurisdictions is still uncertain
FDIC’s Hoenig: don’t impose TLAC, let equity 'do its job'
FDIC vice-chair says TLAC should reflect individual bank business models
SDR battle between CME and DTCC heralds huge cost savings
Firms reporting more than 50,000 open swap positions could save $1 million a year at CME
Top quant Peter Carr leaves Morgan Stanley
Global head of market modelling is no longer with the bank, say industry sources
BSB aims to develop culture and conduct benchmarks
Standards body “rolling out much broader and deeper assessments in 2016”, says Citi’s Bardrick
Australia regulator rejects liquidity facility for use under NSFR
Apra says that an RBA liquidity line cannot be used for NSFR
Priips rules set for delay, watchdog confirms
Technical standards to be delayed by at least a week, prompting implementation fears
MetLife Sifi win leaves G-Sii status meaningless – US lawyers
Federal court decision brings whole Sifi and G-Sii designation process into question