News
Tax setback over Korea October ETN launch
Regulator hopes to revive flagging derivatives market
Cleared US dollar swap volumes drop 80% on first day of Sef regime
Numbers compiled by Isda show huge drop - other sources claim smaller fall. Dealers say people "are tiptoeing their way in".
FCA calls a halt to ongoing commission on retail products
FCA guidance on inducements will put an end to ongoing commission paid by distributors to advisers in the UK
Hopes grow that US CCPs will get green light from EC
Market participants detect new mood on cross-border issues: "The two clearing regimes aren't really compatible, but neither side wants to start a shooting war"
RBS portfolio sale to BNP Paribas awaits EC approval
BNP Paribas awaits competition clearance
Asian exchanges considering co-operation agreements to boost liquidity
Several Asian exchanges looking to set up similar deals to leaked ASX/CME proposal
UK insurers’ internal model validation processes 'hugely inefficient'
Firms struggling with validating external models, expert judgement and risk dependencies, say experts
DTCC backlog leaves corporates unable to comply with Emir
Two companies say they have not been able to report to the DTCC's repository, and stopped trading swaps as a result
Platts shifts focus away from price reporting code
Price reporting agency says it intends to concentrate on complying with Iosco rules, leaving future of IPRO code in doubt
Liquidity concerns over moves to reform Indian benchmark rates
India becomes latest Asian jurisdiction to move to a market benchmark
Esma cautions on Mifid rules
European markets watchdog warns that complex products are being mis-sold
Brazil onshore structured note issuance expected to hit $500m per month
Brazil's onshore market for structured products opened with healthy issuance volumes in January, and bankers are hoping for turnover equivalent to $500 million every month
State Street fines put spotlight on transition management firms
Review of overlooked sector follows £22.9 million penalty for overcharging customers
Flourishing listed structured products market in Norway bucks OTC trend
Buoyant listed market in Norway reveals appetite for structured products, but financial watchdog says unlisted market is dead
Oil benchmarks need reform, says Vitol's Taylor
Oil industry needs to make issue of dwindling benchmark production a top priority, says Vitol chief
Dealers and Sefs divided over sponsored access
After Bloomberg and Tradeweb announce first completed sponsored access trades, sceptics claim service has no future
OECD agreement promises Fatca for all
But details of data sharing rules have still to be determined
Six down, many more to go in Libor rigging investigation
Three more bankers charged by SFO with conspiracy to defraud
Esma calls for EC to overrule UK on forex reporting
"We need a solution," says Esma spokesman
Concessions on Solvency II equivalence not followed through in level 2 proposals
Requirements for using deduction and aggregation method to calculate SCR of subsidiaries remain too high, insurers say
Australian dark pool rules shift liquidity back to the lit market
Decline in broker-dealer dark pool volumes after Asic introduces requirements for price improvement
DTCC users unable to access data after repository is overwhelmed
Emails to customers cite backlogs in rates and exchange-traded derivatives - users say repository has been "victim of its own success"
IAIS valuation methodology for basic capital requirement flawed
Insurance industry demands clarity on crucial elements of capital requirement