News
Vickers renews call for greater focus on bank equity
Bank of England overconfident on resolution and counter-cyclical buffer, ICB head says
Morgan Stanley’s Sherk stresses value of oil hedging
Options have become good way for E&P firms to raise capital, top banker says
DTCC coaxing HFTs to become clearing members
US Treasuries CCP concerned about contagion risk threat to existing members
Euro regulators may look to cull internal credit risk models
Fewer models and higher capital requirements seen as likely outcomes of SSM review
Pressure grows for more opt-outs from Basel for smaller banks
Key MEP urges broader exemptions for regional banks as FRTB looms
Flexibility of new stay protocol seen as draw for buy side
Dealer-by-dealer approach calms worries over fiduciary duty, lawyers say
CFTC moving to amend position limits rule, sources say
Supplemental proposal aims to ease industry concerns over hedging exemptions
Australian banks fear loss of rates trading name give-up
A push towards anonymous trading via platforms could undermine counterparty risk management
Basel interest rate risk disclosures "problematic"
IRRBB could reveal commercially sensitive information and mislead analysts
Eurex faces questions on savings from buy-side clearing
CCP rebuffs argument that direct membership model will add to risk
End-users face extra unwind costs from CSA rate floors
Dealers demanding compensation for extra funding costs
Dealers disagree over charge for CCP counterparty risk
Fed stress tests push US banks towards charging CVA for cleared derivatives
People: SocGen promotes Garnier to head of Apac global markets
Garnier replaces Drouet, who became global markets head; Agne leaves Goldmans; new governor for Bank Negara Malaysia
'Cherry-picking' claims fly in CSA rate floor negotiations
Traders accused of self-interest in negative rate floor discussions
CCP interoperability drive poses margin challenges
Chicago Fed researchers point to problems around issue of concentration margin
Forex market to adopt global code of conduct by end-Q3
Participants excited about conduct guidance, but say firms' internal behaviour will ultimately create change
Partial reprieve for package trades in Mifid II deal
Some trades will face transparency, but the outcome “could have been worse”
Structured products liquidity under threat from EU reforms
New regulation could shut down secondary markets in outstanding products
US exchanges will be caught in Priips dragnet, lawyers warn
Futures and options sales to EU retail clients will need key information documents
Esma hits back at "overly burdensome" Mifid II phase-in
Agency resists EC proposal for annual liquidity review
Hedge fund AQR hires Isaac Chang as co-head of global trading
Chang was formerly global head of FICC at KCG
Canabarro to join Barclays as model validation head
UK bank hires former Morgan Stanley risk analytics head
Iosco considering benchmark proportionality guidance
Chair says EU rules an example of how to avoid one-size-fits-all approach
Banks pitch auto-resetting CSAs to cut leverage ratio and XVAs
Regular settlement of margin would reduce swaps' residual maturity