News
Tarullo: few signs of illiquidity in OTC markets
Fed governor says markets are in transition
Rumours of Libor rigging emerged in 2007, Hayes jury hears
Banks used Libor post-crisis to boost their perceived strength
EU rapporteur says Mifid II is ‘too complicated’
Bankers claim new rules “trap liquidity”
Dealers vent frustration at Section 871(m) hold-up
US dividend-equivalent tax change will hit high-delta products with withholding tax
Low CCP compression rates in Japan vex foreign banks
Leverage ratio concerns weigh on international dealers
Credit Suisse slashes Asia commodity futures clearing business
Swiss firm becomes latest bank to scale back activity in the sector
Providers set to spar amid multi-asset index boom
Major index houses set to bet big on new product class
AHL spies futures in China rebar, iron ore and polymers
Hedge fund puts algorithms to work in new liquid futures and OTC markets
Prime of primes reduce reliance on prime brokers
Forex prime brokers have reduced their services after Swiss franc move
No quick fix to leverage ratio stance on margin, banks told
Regulators to address capital hit via standard on segregation – but not before 2017
Regulators sound warning on collateral squeeze
Report calls on regulators to fix “structural and regulatory limitations” around collateral
Rate rigging was endemic – Libor trial
Libor manipulation was standard practice, ex-trader said
FCA survey finds high levels of leverage in hedge fund sector
Gross notional exposure to interest rate and forex derivatives on the rise
Citi acquires Texas power trading book from Barclays
Deal follows purchases of Deutsche and Credit Suisse commodity books last year
China corporates drive up onshore OTC interest rate trading
But speculation and not hedging could be behind the increase
Basel to unveil ‘Pillar 1-lite’ approach to rate risk
First public consultation expected this month in long-running project
Hayes was fully aware his actions were dishonest – Libor trial
Jury also hears of his 2010 dismissal from Citi
Risk aggregation remains challenging in Asia
Aggregation not a priority for regulators in Asia
Banks are de-risking due to lack of regulatory direction
Conference hears of conflicting guidance
EU insurers lament barriers to infrastructure investment
European Commission’s efforts to attract insurers’ money could have opposite effect
EC's Hill points to April 2016 start for swaps clearing
EC and Esma have agreed rules - legislators now have six months to endorse them
Basel considers U-turn on fourth trading book QIS
Industry lobbying prompts regulator to revive plans for a further impact study
Libor trial: Libor fixed with £336,000 in bribes – prosecution
Court hears of payments promised in exchanged for skewed submissions
People: BAML and Citi step up equity derivatives hiring
Roos to head equity sales and prime finance at Citi, and other moves