News
Insurance of limited value for op risk mitigation
Could premiums be better spent on improving controls, delegates ask
KRX adds 16 foreign branches for mandated won IRS clearing
KRX set to receive no-action relief from the CFTC later today
Fear of blame for failure linked to rising op risk losses
"Safety culture" hinges on readiness to admit problems, speakers say
SEC fears US banks still tied to non-guaranteed units
Agency powerless to address 'implicit guarantees' says chairman Mary Jo White
Op risk staff must challenge bosses to tackle conduct risk
Deference to senior management may allow poor conduct to continue
Culture assessment starts at recruitment, SFC's Nolens says
HR input is key to managing culture and conduct risk, OpRisk Asia hears
Minimum variance indexes may struggle in China retail market
Investor interest for index products is likely to be lukewarm
Dealers rail at 'absurd' EU margin rules
Draft rules would force EU banks to collect margin from non-EU corporates
Deutsche Bank hires Banque de France’s Matherat
Central banker takes on top regulatory job at German bank
Fixing swaps privacy clash needs time – Canadian regulator
CFTC relief expires on June 30, but countries need more time to change laws
GDF Suez faces CFTC market manipulation probe
Investigation centres on Texas power trades, sources say
CCIL cleared forex forward volumes double following mandate
European banks start clearing in India despite no EU equivalency ruling
S&P court loss in Australia unlikely to spark rival claims
Standard & Poor's found to owe duty of care with CDO ratings
Unanswered questions remain on model change policies
Status of reactive parameters left open by Eiopa
Isda asked to consider "potential" Argentina CDS event
Kicillof comments mean contracts can be extended, law firm argues
Esma board to decide on AIFMD prime broker segregation
Item scheduled for meeting on July 9, but may slip to September
CFTC position limits rule blasted by commodity merchants
Proposed bona fide hedge exemptions are too narrow, firms say
CLS wins 'patent troll' Supreme Court case
Market disruption averted as unanimous decision goes in CLS's favour
Scenarios fill the speculative gaps, op risk panel says
AMA risk management and op risk modelling cannot succeed by data alone
Derivatives dealer rule worries Canadian energy firms
Suncor voices concern over clearing costs for derivatives dealers
Fragmentation seen holding back Canadian oil derivatives
Rival WCS indexes hinder growth of financial trading, firms argue
India relaxes interest rate derivatives limits for insurers
Insurers now able to hedge out interest rate risk beyond one year
Regulators edge towards opt-in fix for OTC stays issue
Authorities from five countries talk swaps and bank resolution at closed meeting
Co-op hires values and ethics head, and other recent job news
Member of UK's Equality and Human Rights Commission joins Co-op