News
Indian rate options underlyings insufficient, say traders
Lack of long-term reference points could hold back proposed market
EC seeks redo of controversial Mifid II commodity provisions
Rules on ancillary exemption and position limits sent back to Esma
Fund industry defends use of credit lines as liquidity backstop
Concerns about systemic risk unjustified, say asset managers
Swiss eye Saron for risk-free rate
Working group considers one rate to rule them all
Bank names obstruct single-name CDS clearing
Ice is “working through” wrong-way risk issues, may need to revamp auctions
Europe will open gates to US CCPs, says Massad
CFTC adopts substituted compliance for European CCPs; US clearers still waiting on Esma approval
Cyber threats forcing business continuity overhaul
Communications need close attention when firms are attacked, conference hears
US DoJ reverses policy of withholding cyber-attack intelligence
Law enforcement failed to warn Heartland of 2009 security breach, says FS-ISAC’s Nelson
Op risk managers must be ‘change agents’, says Fed official
Fed's Gwendolyn Collins calls on op risk managers to be pioneers, not policemen
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