News
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
Priips stakeholders in final push for German-style risk ratings
European authorities’ risk scale “too conservative”, says trade body
Fears leveraged ETFs could amplify Japan equity swings
Huge inflows giving ETF sector outsized impact on cash markets
Clearing fees up for 60% of swaps users due to leverage ratio
Survey of US asset managers reveals higher costs and reduced access to clearing
Euribor administrator woos banks to revamp dwindling panel
Efforts to double number of contributing firms said to face strong resistance
Regulator consent to make or break BCBS 239 compliance in Asia
Local data laws clash with Basel’s risk data aggregation rules
EU banks plan to flee CME when key Emir date arrives
CCP oversight stand-off leaves banks in a bind as Feb 21 frontloading deadline nears
Mazzella to leave Citadel at end of month
Chief operating officer for fixed income set to depart at end of February
Mixed industry reaction to Moody’s CCP ratings
Clearing members say narrow definition of default may limit ratings’ usefulness
Dealers tout bond repacks to bridge TLAC issuance gap
G-Sibs see repacks as possible substitute for structured notes
Former Citi trader points finger at bank execs at tribunal
McWilliams: alleged offences were "encouraged, condoned, required and rewarded" by management
Corporates warn of legal risk in Euribor transition
Proposed new methodology behind benchmark constitutes a "fundamental" change, ACT argues
BRRD will raise costs and threaten stability, BoI chief says
Rapid transition caused problems for recent bank resolution, Visco says
Looser capital won’t ease bond liquidity – SNB’s Rime
Central banker calls for counter-cyclical leverage ratio and scrutiny of funds’ role