News
Regulators see 'long journey' to getting Orsas right
Insurers still treating own-risk assessment too much like a compliance exercise, Nordic supervisors say
Goldman hires new co-head of commodities trading
Bank taps Mercuria's US power and gas head for senior role
European banks pressed to boost model risk management
US model risk management guidelines being increasingly used by banks and regulators elsewhere
People: Citi names new global equities co-heads
Guenther rejoins BNP Paribas from Mercuria; Lacour takes helm at HSBC
Swift details plan to toughen cyber defences
Five “strategic initiatives” designed to help global financial community prepare for future attacks
US banks fret over Fed's domestic internal TLAC concept
Lobbyists fear authorities have already reached a verdict on domestic internal TLAC
Mortgage investors grapple with negative swap spreads
Collapse of US swap rate creates problems for valuation models
Investors must probe bank culture, says veteran financier
Ex-Barclays chairman says managers should take “stewardship responsibility” for bank conduct
New forex conduct code receives overwhelming support
Code covers ethics, governance, information sharing, execution, risk management, confirmation and settlement
Asian banks plead for extra time on Basel credit risk reforms
Switching to the standardised approach for credit modelling could have an impact on their legacy books
Balz slams IAIS for rule-making 'behind closed doors'
Failure to engage with European Parliament will delay and undermine international insurance regulation, says MEP
EU regulators warn on US resolution rules
Questions on US TLAC bills for foreign subsidiaries and bankruptcy-based resolution
Economists question cost benefits of derivatives clearing
New research finds no compelling economic rationale for central clearing
People: Top quant Lipton leaves Bank of America after 10 years
Return to academia for derivatives pricing expert
Bangladesh Bank theft shines light on cyber risk
Banks and regulators increasingly concerned amid high-profile cyber security breaches
New US tax rules could hamper ETN market, dealers warn
IRS’s forthcoming Section 871(m) rules could inadvertently capture legacy ETNs
Dealers commit to provide liquidity for Libor alternative
Transition will be gradual with bilateral swaps adopting new rate before CCPs
SEC lawyer: corporate negligence charge a game-changer
UBS V10 case highlights ability to levy charge on firm rather than individuals
Capital buffers for CCPs ‘the way forward’, says CPMI chair
ECB board member Benoît Cœuré calls for minimum capital requirement and stress testing of CCPs
Research uncovers new sources of financial model risk
Past performance of financial models is no guarantee of future success, two forthcoming papers suggest
BoE's Sonia fixation complicates secured rate transition
Bank's continuation of Sonia could jeopardise shift to secured rate as Libor replacement
Regulation remains top concern for US energy risk managers
Capital requirements, position limits and other rules still hampering liquidity, conference hears
People: SG Americas appoints chief culture and conduct officer
Nancy Harrington Jones is promoted; Cheri McGuire joins Standard Chartered as CISO; Penny Judd exits Nomura
India proposes tough uncleared swap margin rules
RBI underscores India's status as a non-netting jurisdiction