News
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
Regional banks may benefit from Basel CVA surprise
Basel Committee decision removes potential source of competitive advantage for large dealers
People: Societe Generale loses two senior markets execs
Fields and Escoffier depart SG; Deutsche hires Citi EQD head; Nicola White joins Citadel
Lower UFR would be dangerously pro-cyclical – Bafin
Solvency II rate cut would crowd insurers into long-dated assets, says insurance chief
NSFR to hike hedging costs for end-users, industry warns
Costs could increase by 10–15%, House Agriculture Committee hears
Goldman Sachs' head of Japan securities division exits
Mark Agne leaves after 17 years
Japan struggling with negative rate impact on swaps
Dealers facing issues with collateral interest payments and loan mismatches
Internal model use may decline under FRTB, banks say
"The jury is still out on whether internal models are worth the effort" – HSBC's Jenkins
Just 3% of bonds deemed liquid in EC's Mifid II phase-in plan
Staggered implementation of transparency regime could allow further easing of regulation
India joins global move to tighten CCP capital standards
Putting CCP capital on the front line is a prerequisite for the EU granting clearing equivalence
Default risk floors threaten €72bn of RWAs in EU
Risk.net analysis finds PD floor would hit a swath of low-risk corporate loans at the biggest EU banks
End-users debate CFTC automated trading rule
Representatives of energy and agriculture firms clash over Regulation AT
Aussie market clearing well ahead of April mandate
Largest onshore derivatives dealers already caught by US and European rules
Wells Fargo hires senior gas trader from Mercuria
Other hires at Cargill, Millennium Management and Xcel Energy
Priips performance scenario rules under fire
New rules needlessly confusing, say distributors
Correlation of op risk losses could send capital soaring
BB&T auditor's model shows capital measured by LDA might be pushed up by 16–55%
EU 'blocked' on trading desk separation plan
European Parliament cannot agree on bank structural reform to tackle the too-big-to-fail issue
IFRS 9 loss rules distracting banks from models and data
Banks neglecting necessary work on data and model governance, warn tech vendors
European regulator hesitates on higher leverage ratio
EBA voices preference for 3%, but evidence backs Basel plan for G-Sibs