News
Hayes prosecution puts the focus on dishonesty
Closing remarks begin as Libor trial enters ninth week
Barclays hires two senior energy traders
UK bank adds to commodities business with hires from Credit Suisse, Mercuria
Big banks claim to be ready for Volcker
Industry tying up 'last loose ends' with ban to begin on July 21
Smaller banks in Volcker rule exemption letter 'stand-off'
Global banks refusing to sign representation letters with regional players
Energy firms concerned by Mifid II ‘ability test’
Expansive definition of financial instruments worries firms such as utilities
Exotic forex option losses in 2008 still haunt market
SMEs have returned to option strategies since the financial crisis but in a more nuanced way
Canada to collateralise cross-currency swaps
Finance ministry hopes two-way CSAs will cut costs and risks on hefty swaps flows
Libor trial: moving rates for profits was accepted, court hears
Managers thought "nothing wrong" with fixing rates for profit, jury hears
Wheatley axed as head of UK regulator
Chief executive leaves post early
CFTC’s Stewart blames EU for equivalence failure
Risk Derivatives Clearing: EU stance on equivalence is "unfortunate", CFTC lawyer says
IMF’s Kiff: variation margin haircutting ‘unfair’ to end-users
Risk Derivatives Clearing: in-the-money end-users may have losses on other positions
SEC finds no evidence of lost liquidity in single-name CDSs
Quant Congress USA: data shows stable liquidity for clearable CDSs, official claims
Shrinking ranks of swaps clearers could see new entrants
NFA official says "a couple" of firms have filed applications to open a swaps FCM
China opens interbank bond market to foreign central banks
Move is among most significant towards renminbi liberalisation since QFII, says StanChart
Libor conspiracy 'cloak and dagger', says prosecution
Hayes denies using code to conceal rate manipulation
Dealers seek equity derivatives carve-out from margin rules
Lobby effort targets proposed concentration limits on collateral for non-cleared derivatives
UK wrong on volatility adjustment, says Insurance Europe
Olav Jones weighs in to debate that could see Eiopa overrule PRA
CCPs urged to implement liquidity risk charge
Quant Congress USA: liquidity charge might have exposed London Whale, academic claims
Fed official defends clearing incentives report
Risk Derivatives Clearing: pilloried report was "clearly useful", says clearing official
Swaps end-users fear clearing fee and margin hikes
Risk Derivatives Clearing: buy-side firms expect clearing costs to rise
Fed economist sees gaps in CCP risk management
Quant Congress USA: CCPs struggle to model conditional losses and auction behaviour
No link between wash trades and Libor skew, Hayes tells court
Promises of trades 'were not reward for help rigging benchmark'
China Treasury bond futures hit by cash equity volatility
Increase in volatility as traders exit positions to fund equity portfolios
Citi exec laments plight of the quants
Quant Congress USA: Quant departments have become “sterile” and “dumbed-down”