News
FCA officials grilled on second communications backlash
MPs accuse FCA of failing to recognise perceived importance of dropped bank culture review
Looming EU-US deal on clearing gets cool welcome from banks
Proposed European rule change will raise risks and costs of clearing, critics fear
Revised Basel III better reflects bank risk, research finds
Study says 2013 capital rules more in line with actual risk, but can be easily gamed
Cyber is biggest operational risk fear, say practitioners
Regulator emphasis and high-profile attacks keep cyber threat top-of-mind
EU commodity derivatives regulation: 2016 and beyond
Market participants await key deadlines and decisions in the year ahead
US dividend tax breaches international treaties, say lawyers
Section 871(m) rules “full of holes”, say dealers
Final FRTB is a game of give-and-take, say dealers
Relaxation in some areas of Basel market risk rules offset by harsher treatment in others
Market-makers encouraged to review last look
After $150 million fine for Barclays, more legal action could follow
US may target ETFs for collateral add-ons
Credit risk in creation and redemption process singled out by Finra
Nasdaq appoints Adena Friedman as chief operating officer, and other recent job news
Other news: Oric International; Investors Bank; Deutsche Bank; Aldermore; Ally Financial; Systemic Risk Council
Extreme value theory has hidden risks, research finds
Method for calculating capital based on sparse data can lead to additional model risk
Sliding HSCEI threatens fresh autocallable losses
Banks nervy as index approaches key options barrier
UK insurance association slams ESRB report
'Very poorly timed' paper misses the point on pro-cyclicality, says ABI’s head of regulation
Firms must work together against CCP cyber threat – Voormeulen
Collaboration and information sharing are vital, says co-chair of CPMI-Iosco working group
Fresh delay for EU rules on CCP spillover losses
Recovery and resolution rules will miss the revised February delivery date
Nasdaq: pioneering trade means 2016 will be the year of blockchain
It was the first exchange to complete a private securities trade via the Linq platform
Basel abandons plans for Pillar 1 rates risk charge
No standard charge for banking books, but souped-up Pillar 2 still worries critics
Banks pitch flexible ‘sunset CSAs’ for pension funds, insurers
New-style contracts allow clients to post government bonds as swap collateral until clearing exemption ends
Banks left little time to amend ‘bad apples’ rules before SMR
Personal accountability rules will also see rise in internal attestations and impact on recruitment
Singapore rates benchmark error causes CCP split
Refixing in March led to price difference between LCH and SGX
Few commodity traders saw improved liquidity in 2015 – poll
Three-quarters say OTC liquidity held steady or fell last year, while 25% saw gains
US regulators told to expect VM status change
Fed, FDIC and OCC told daily settlement of swaps will cut required capital
Currency spoofing probe could spell trouble for forex options
Some class action attorneys are watching developments closely
Morgan Stanley loses three in forex and one quant
Morgan Stanley loses four staff in US; Barclays forex head departs; Citadel adds CDS trader; and more