News
Hedge fund Millennium expands in energy trading
Other hires at Noble Group, JP Morgan and Mercuria
SDRs urge CFTC for more help on data harmonisation
Regulator’s swap data woes are “absolutely solvable”, SDR chiefs say
MEPs split on how to protect package trades from Mifid II
Ferber warns amending text "risks opening Pandora's box"
US dollar/yen basis blows out to –100 on negative rates
Bank of Japan policy adds to domestic banks’ dollar funding dilemma
Firms weigh impact of blockchain on post-trade services
Opportunity for using distributed ledgers in OTC market discussed at meeting held by CFTC
Banks struggling with IFRS 9 impairment rules
Firms seek clarity on use of probabilistic scenarios ahead of January 2018 deadline
EU capital rules for energy traders not as bad as feared – PwC
Commodity firms can slash Mifid II capital charges by 40%, report finds
CFTC proposal to expand swap data reporting criticised
Increasing the number of reporting fields ‘doesn’t necessarily add a ton of value’, market participants argue
Bundesbank’s Buch slams lower capital for insurers in infrastructure
Deputy president says the use of prudential regulations to achieve economic policy objectives is “highly problematic”
Philippines OIS watchdog tussle resolved, says SEC
Securities regulator – not central bank – will be overseer for long-planned new swap market
End of sanctions offers chance to fix Iran’s banking sector
Complex political situation makes reform more challenging
Part fills add to liquidity woes and sharp price moves
Not trading in full amounts makes market-making harder and more expensive for clients, say market participants
EU's foreign benchmark equivalence rules under fire
Critics fear repeat of CCP approvals saga
EBA lacks mandate for new CVA push, critics claim
Move to hike counterparty risk capital has corporate treasurers ‘fuming’
Hungary central bank action ‘distorting’ swaps curve
Flooding market with cheap swaps knocks 14% off bid rate
Emerging market benchmarks under threat from EU law
Heightened regulatory scrutiny discourages banks from participating in third-country benchmarks
Autocallable issuers avoid pain despite HSCEI collapse
Dealers say Korean autocall pain subdued as volatility stays low
EU benchmark rules open to regulatory arbitrage, say rate-setters
Fears firms may seek to limit scope of publication if ‘index’ definition is too narrow
Firms fail to unlock benefits of key risk indicators
Risk culture and data problems have besieged KRI programmes, say authors of new book
People: SEC rings changes; Source names finance chief
Other news: Leonteq appoints Japan head; Arnaud trades SG for BAML; Goldman’s Frankel retires
People: Venkatakrishnan named as Barclays CRO
Bailey gets job as FCA chief; Poppensieker returns to McKinsey; Pershing says hello Dolly
Japan’s Quick takes on MarkitWire with domestic affirmation service
Japanese language service targets domestic regional banks
Risk analytics head Canabarro leaving Morgan Stanley
Eduardo Canabarro set to be replaced by Andreas Gocksch, say sources
Goldman Sachs’ Frankel departs
Veteran derivatives markets exec says he may continue work on risk and margin projects