News
Fed to use CCAR to push BCBS 239 compliance
"The stick they're wielding right now is around CCAR," says SunTrust executive
People: Rabobank appoints chief risk officer
Krawcheck joins Digital Asset board; SEC creates Office of Risk and Strategy; Yoss becomes CRO of Mizuho Bank Americas
US derivatives users cheer hedge accounting rejig
Rule change ends years of uncertainty and piecemeal reform
Basel plans modelling curb for billions in credit RWAs
Proposals clamp down on IRB approach that is “usually gamed pretty easily”, says FDIC’s Hoenig
Lenovo turns to dim sum market to reduce forex hedging costs
Rising cost of CNY forwards and tighter regulation encourage renminbi funding
Eurex margin flaws claimed in Swedish bank collapse case
CCP failed to properly capture vega, strike and wing risk, expert report claims
People: Three senior forex managers leave Citi
Citi loses three in London office; RBS head of markets departs; Serafini joins Ice; and more
Liquidity adds to institutional zest for hedge fund clones
Demand is high for alternative ETFs, despite underwhelming performance
Clearing head Murray quits Deutsche for BNY Mellon
Murray will join BNY Mellon in a senior listed clearing role
Axpo continues to build out US trading business
Other moves at BNP Paribas, Castleton, Elliott Management and Koch
Dealers overpricing CLNs, research suggests
Information asymmetry and illiquidity driving up prices
Banks seek capital pill for accounting headache
IFRS 9 loan loss provisions should be offset by reduction in capital, banks argue
EC sides with big energy companies in Mifid II spat
Commission urges Esma to restore ‘capital employed’ test desired by industry
Industry fears grow ahead of Basel IRB consultation
Biggest share of bank capital at stake as regulators take aim at credit models
UK narrows carve-out for swap bail-in clauses
Non-EU derivatives contracts will have to be amended, say lawyers
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