News
HLA could incentivise systemic activity - Swiss Re
Head of governmental affairs says crude measures might have unintended consequences
EBA proposes trade-by-trade CVA test for non-EU corporates
Banks would have to check whether exemption applies each time they trade
Newswire hacking highlights cyber and outsourcing risks
SEC prosecution for hacking newswires shows the importance of cyber defence
Esma urges EC to bin frontloading
Benefits of retroactive clearing are "undermined" by its drawbacks, Esma finds
Corporates face paper structured forex losses from RMB slide
China central bank intervention causes unrealised corporate hedging losses
Ice credit swap futures off to a slow start
Credit investors see "no need" for contract; Ice hopes other players will see appeal
Fall in US gas hub liquidity hampers derivatives market
Shale revolution undermines long-standing Platts indexes on US Gulf Coast
CCP basis driving CME clients to LCH, traders say
LCH sees doubling in client notional, while CME notional halves
Intra-group margin will ‘stifle’ internal hedging, banks warn
Additional costs for end-users if no exemption granted
Change to broken benchmarks ‘years away’
No significant benchmark reforms likely until regulators take the lead
BoE sees no place for structured notes in TLAC for now
UK regulator unsympathetic to calls for derivatives-linked debt to count in big banks' capital buffer, say dealers
Deutsche Bank hires, and loses, in sales
The latest people moves
AIFMD passport denial will impact Asian managers most
Hedge fund industry decries Esma's shutting of door on most offshore funds
Insurers call for clarity on US agency risk weightings
Capital treatment under Solvency II unclear, say firms
Bank war on deposits to continue despite US G-Sib relief
Excess cash still too expensive to hold, say dealers
'Jury still out' on local currency clearing says CIMB
Asean OTC derivatives market is not big enough to warrant clearing
Credit Suisse pulls out of forex prime brokerage
Swiss dealer the latest to exit the business
Libor rigger Hayes jailed for 14 years
Verdict marks end of first criminal case against an individual in the scandal
Taiwan fines BNPP and Deutsche for unlicensed derivatives sales
Six months earlier Barclays was given 12-month ban for same offence
Dealers fear mix-and-match margining for cross-border swaps
National conflicts in margin rules can only be fixed via mutual recognition
New op risk capital approach has its own problems – Leipoldt
OpRisk Asia: Revised standardised approach an improvement but no panacea
Fresh delay will push EU-US CCP row into September
Decision had been expected in July; dealers sceptical new timeline will hold
'Glass-Steagall is back' – RBS op risk head
OpRisk Asia: New market structures have led to op risk primacy
CFTC’s Giancarlo backs phased approach to position limits
Agency should wait before implementing non-spot-month limits, commissioner says