News
Fears over Shibor manipulation slow China IRS market
Market players express doubts over accuracy of quotation system
Half of foreign bribes paid in developed countries – OECD
Report calls for greater agency collaboration in corruption efforts
Bad culture makes bankers cheat, says new research
Poor professional culture drives bankers to be more dishonest
DTCC and Regis-TR blamed for low futures matching rates
Repositories will change stance next year following intervention by Esma
‘Last look’ practice hurts profits, say tech vendors
The age-old practice is set to be the focus of regulators
Internal compliance inertia leads to SEC fines for HSBC
$12.5 million fine for cross border activities with US clients
China rate cut creates corporate hedging opportunity
Firms looking to de-risk but the Tarf issue could re-emerge
FCA to probe possible conflicts in barrier options
Some buy-side firms avoid illiquid underlyings over manipulation risks
Low volatility boosts interest in coal derivatives
Trading houses and hedge funds said to be taking bigger positions
Former CME Group energy head Morsches to leave
News of exit follows appointment of Martin Fraenkel to top energy job
BIS says central banks should prepare for market-making in crises
Central banks could consider direct interventions in critical markets
New York Fed announces review into decision making
Response to criticism of deference to big banks
Portfolio managers' pay up 8% as capital flows back to funds
Pay packets up in 2014 as average hedge fund returns 3%
Failures recur because of lack of challenge, say managers
Operational risk managers highlight repeat failures at firms
Mercuria deal was driven by economics, says JP Morgan
Bank says economics, not regulation, drove physical commodities sale
SwapClear hopes to crush notionals by $600trn
New approach to compression could help swaps escape leverage ratio pressure
Kynikos founder mocks funds' equity picks Tesla and Zillow
Chanos also takes shot at Sotheby's at Sohn conference
Expected shortfall: end of the back-test quest?
Quants propose three ways to back-test expected shortfall – each more efficient than the regulatory version
RBS fined £56m for control failures over 2012 IT outage
Poor IT risk management threatened UK financial system
Reforms so far 'do not address' roots of crisis – OCC
Banks praised for leaving high-risk markets, but more work needed
European regulators issue fresh Kid proposals
ESAs propose visual representations of risk in key information document
Exchange trading on the march in emerging market currencies
EM currencies to get the best of the OTC and exchange worlds
NAIC nears adoption of disputed rules on captives
Actuaries warn of non-compliance cost to end-consumers and impact on insurers
EU stress tests show €14bn funding burden on Italy swaps
Fourteen banks had net exposure to Italy in EU tests, implying huge funding costs