News
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
Basel op risk plans 'not fit for purpose', say banks
SMA expected to raise capital charges, but lower standards in risk management
SGX hopes to shake up LNG market with new index
Traders cautiously optimistic about ‘Singapore Sling’ index and derivatives
People: Barclays’ Staley taps JP Morgan for CRO and COO
Morgan Stanley loses risk analytics head; Portney leaves JP Morgan; Goldman shuffles London office
CME set to launch swaptions clearing in Q2
Uncleared margin rules the driver; may also impact CME-LCH basis
SEC in wait-and-see mode on CDS clearing mandate
Industry sources that have met with the agency claim it has “no plan” for mandate
UK regulator outlines wish list for Solvency II review
Risk margin “highly pro-cyclical” and ultimate forward rate “completely unrealistic”, says financial policy director
US issuers push for structured notes TLAC carve-out
US banks lobby Fed to reconsider eligibility of principal-protected notes
Barclays opens up forex desks to last-look lawsuit
Agreement will help investors pursue other market-makers
Freddie Mac reviews $600bn hedge book as losses mount
Swap spread inversion contributed to derivatives losses of $2.7 billion in 2015
Europe opens door to Mifid II package trade waiver
MEPs to vote on four changes to Mifid II text on March 17
Isda general counsel David Geen departs
Geen stepping down after a decade at trade body
Pensions industry says permanent Emir exemption not enough
European Parliament and UK regulator push for carve-out, but industry unimpressed
Benchmark providers eye banks’ prop index disposals
Stricter oversight could see index houses gobble up dealers’ in-house indexing units
Buy-siders hope for late reprieve on margining for non-cleared swaps
National supervisors coming round to industry view on same-day settlement, say sources
Isda would create protocol for swap rate ‘big bang’
Tool to allow for legacy contract amendments in case of OIS rate change