News
Regulators “don’t give a damn” about Volcker impact, claim Republicans
A bad-tempered congressional committee hearing sees US regulators quizzed over Volcker rule costs
Missing UTIs will cause reporting chaos, corporates warn
Regulators have left industry to come up with Emir trade identifiers - a huge mistake, according to one corporate treasurer
Asian clearing houses waiting for CFTC to outline DCO exemption process
SGX still the only Asian exchange with US regulatory approval
US state regulators oppose Federal Insurance Office proposals
Recommendations over supervisory colleges, private mortgage insurance and reinsurance collateral rejected by NAIC members
Plunging Nikkei brings $40m vega losses to Japan dealers
Losses manageable now but if the Nikkei goes under 13,000, "there will be panic"
EC bank reforms would leave lenders unable to hedge
European proposal limits risk management tools to clearable swaps only, preventing options-based hedges
Europe should unite or die, says Lowe
NWE market coupling delays highlight need for robust EU energy regulator, says former EC director general
Thousands of derivatives users not ready for Emir reporting
Number of legal entity identifiers is sitting at 83,337 – well short of the required total, which is estimated at anything from 100,000 to one million
Lloyds' £1.8bn PPI provision shows cost of failure still rising
Lloyds Banking Group allocates another £1.8 billion to PPI compensation, as banks face new £1.3 billion bill for identity theft protection mis-selling
Commission proposals to ease look-through rules ‘require clarification’
Exception in draft Level 2 text could exclude active funds
Insurers hunt for 'scale premium' in infrastructure assets
Size and tenor of deals grow in importance as illiquidity premium fades
Basel securitisation rules revisions criticised
While the December proposals incorporate many of the industry's comments, banks claim the rules are still too harsh
Credit unions wish Fatca 'did not exist'
Fatca compliance burden stretching further
US energy firms facing Dodd-Frank trade reporting ‘nightmare’
Differing approaches of swap data repositories haunt energy companies trying to reconcile trades
Role change for Kinol as Credit Suisse plans new trading venture
Jon Kinol will lead a new electronic market-making project, leaving David Tait as sole head of the bank’s macro products group
People: Deutsche Bank hires Nomura’s Neal for listed derivatives
Deutsche Bank hires Nomura’s Neal for listed derivatives
Isda forced to rework year-old standard CSA
Regulation hits key element of landmark collateral contract - but planned revisions will reintroduce settlement risk
Asset managers lure insurers with new exchange-traded funds
Insurers predicted to increase ETF exposure
Prips proposals panned by leading industry group
A group of leading investment banks is inveighing against proposals by European authorities, including a plan to assign a single risk indicator to structured products
Goodhart: Regulatory reform 'won't stop next crisis'
An LSE audience hears predictions of a new credit crunch in 2025
American Airlines to stop fuel hedging after merger
US Airways policy of not hedging jet fuel will now extend to American Airlines, says chief executive
UK power reforms set to make prices lower and more volatile
Market participants not doing enough to adjust to likely effects of EMR, say experts, including volatility and low prices
Proposals for stable Solvency II credit risk adjustment 'good news' but floor sparks controversy
European Commission's unofficial Level 2 draft disregards insurers’ calls for the adjustment to be capped
European CCPs overhaul futures margin models
Some clearing houses are pushing up margin requirements to address procyclicality concerns - but no change is planned at CME or Eurex